Hyderabad has attracted approximately huge of investments in real estate sector since the beginning of 2015.The study released on, focus on infrastructure, strong economic growth, development of world-class office and residential assets and progressive state-level reforms introduced in recent years have positively impacted the investors’ and occupiers’ preference for the city.
According to the research, the office segment attracted nearly 70 percent of investments.Expansion led by co-working operators, select IT/ITeS companies have resulted in the strong surge in Hyderabad.
The formation of Telangana state has added to the growth potential of the city. There is a growing preference among global as well as domestic occupier companies toward quality assets.Compared to this, the net absorption in other cities remained relatively slower as the markets continued to witness consolidation, primarily in IT/ITeS domain players, and relocation of corporates in a bid to lower costs and enhance efficiencies, he said.
Going ahead, Hyderabad is likely to be the front runner in office segment with 13.2 million sq ft, constituting 28 percent of the overall new completions in India in 2019.