Hyderabad office stock crosses 90m sq ft | Hyderabad News

HYDERABAD: Not solely has Hyderabad’s investment-grade office stock doubled since 2016 to cross 90 million sq ft mark in Q3 of 2021, the town is poised so as to add one other 30-35 million sq ft of investment-grade business parks over the following three years, in keeping with realty consultancy agency CBRE.
The CBRE report `The subsequent regular – Reimagining Hyderabad’s actual property panorama’ identified that the expansion of Hyderabad’s funding grade office stock has been fueled by the rising demand and provide of office house, particularly within the IT and prolonged IT hall, due to components similar to in depth authorities insurance policies, environment friendly city infrastructure, and availability of expert workforce.
According to the report, future demand for office house can be pushed by key tenant sectors similar to IT & ITeS, BFSI, analysis, consulting and analytics, life sciences, engineering and manufacturing, and rising segments similar to versatile workspaces and e-commerce.

, 2021-10-23 04:49:00

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