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hyperbole

Hyderabad poised to overtake Bangalore in office space absorption

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hyperbole

With an estimated 11 million square feet of office space absorption, Hyderabad this year is poised to emerge as the biggest office market in the country overtaking Bangalore, according to real estate consultancy firm JLL.

Describing it as a massive explosion of office space absorption, predominantly by IT firms, CEO and Country Head for India Ramesh Nair said 11 m sq ft would be a big achievement considering the absorption a few years ago was 1.5-2 m sq ft. 

The absorption over the last couple of years was 7 m sq ft, he said, attributing the growth to “proactive government policies, availability of talent and good quality of [office space] supply coming. Most probably, Hyderabad will overtake Bangalore, where the office space absorption is around 11-12 m sq ft, to become the biggest office market, he said, speaking at the inauguration of a new, 15,000 sq ft corporate office of JLL in the city on Wednesday. 

Noting that 12-13 m sq ft of good quality office space is expected to be added this year in Hyderabad, Mr. Nair counted a relatively low vacancy level of 4%, compared to 18-19% a few years ago, and rentals that were much lower compared to many other cities as factors driving the growth. In terms of investment in real estate, Hyderabad had in the last five years received ₹10,000 crore, as against ₹1,800 crore from 2008-2014.

https://www.thehindu.com/news/cities/Hyderabad/hyderabad-poised-to-emerge-leader-in-office-space-offtake/article29096183.ece

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boeing747

it should have already happened by now..last few years of tensions caused to delay

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reality

Start 1,2,3 

HYD for UT... ani edvandra... Pulkas.

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boeing747
15 minutes ago, reality said:

Start 1,2,3 

HYD for UT... ani edvandra... Pulkas.

why only Pulkas. Jaffas ni vadilesav 

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hyperbole
1 hour ago, reality said:

Start 1,2,3 

HYD for UT... ani edvandra... Pulkas.

Lol..capital City Delhi ne UT ga ledu enka Hyd aa? Second capital ayite manchi de inko nalugu ratelu peruguddi hyd city with more cosmopolitan vibe

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snoww

Thank you leader and Telugu youth Icon chinna babu.

idi meeru and Andhra people pettina biksha. 

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Merabharathmahan

itlantivi edo okati cheppi real estate rates outskirts lo kooda penchutune untaru. 

Future generation middle class kids ni inka bratakanichela leru. Vallu life long job chesina home EMI payment avvademo. Evado okadu fix chdyandra real estate rates ni economy ki inflation ki equal ga. 

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jpismahatma
36 minutes ago, Merabharathmahan said:

itlantivi edo okati cheppi real estate rates outskirts lo kooda penchutune untaru. 

Future generation middle class kids ni inka bratakanichela leru. Vallu life long job chesina home EMI payment avvademo. Evado okadu fix chdyandra real estate rates ni economy ki inflation ki equal ga. 

+1

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tom bhayya
38 minutes ago, Merabharathmahan said:

itlantivi edo okati cheppi real estate rates outskirts lo kooda penchutune untaru. 

Future generation middle class kids ni inka bratakanichela leru. Vallu life long job chesina home EMI payment avvademo. Evado okadu fix chdyandra real estate rates ni economy ki inflation ki equal ga. 

Adhigo pharmacity idhigo kaleshwaram drinking water late chesthey idhi kuda dorakadhu ika paina nee istam 

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