Hyderabad Among APAC’s Fastest Growing Real Estate Markets

Hyderabad is one of the fastest growing real estate markets in Asia Pacific and is also home to some of the largest campuses of global technology giants outside the US. The city’s office inventory has grown 11 per cent in the first three quarters (January to September) of 2021 despite the pandemic, the highest compared to all other cities in India. “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,” Veera Babu, Managing Director, Cushman & Wakefield (C&W), Hyderabad & East India. Large occupiers such as Legato and Qualcomm have pre-leased nearly 2 million sq ft this year, a sign of occupier confidence and their commitment to long-term growth in the city. Also, nearly 7.1 million sq ft of office space has been newly completed until the third quarter this year (September) and that again is the highest among all tier 1 cities in India. “We expect an additional 3 million sq ft of project completions in Q4 bringing the total to about 10 million sq ft for 2021,” he added. Real estate in Hyderabad has witnessed minimal impact compared to other cities and recent data indicates that the real sector is rapidly headed towards a full-fledged recovery. This could be attributed to strong market fundamentals, continued State policy support and infrastructure-led growth.