Hyderabad emerged as the fastest-growing real estate markets
Hyderabad is one of the fastest emerging real estate markets in the Asia Pacific. The city’s office inventory has grown 11 per cent in the first three quarters of 2021.
"The segment has doubled in the last four years, and we expect it to grow by another 50 per cent by 2025. Nearly 6 million sq ft of office space has been leased as of September and we expect the overall demand in 2021 to reach about 7.5–8 million sq ft. We expect an additional 3 million sq ft of project completions in Q4 bringing the total to about 10 million sq ft for 2021,” Veera Babu, managing director, Cushman & Wakefield (C&W), Hyderabad & East India.
Veera Babu said, “Office demand is coming back and in fact, C&W has recently concluded the city’s largest enterprise deal of 2021 for a healthcare analytics major. The team at C&W is also helping several data centre majors to set up operations in the city.”
“In 2021, it has already reached about 7,830 seats by September, and we expect the full-year numbers to be around 9,500 seats, recording a 50 per cent plus growth on an annual basis,” he added.
Despite the global pandemic, Hyderabad real estate industry blooming.