Hyderabad’s office market remained resilient with about 5.0 million sq. ft. office space absorption till the third quarter, which is about 79% more than the same period last year, said a property consultant in their quarterly report. Healthy demand from occupiers in Information Technology and Information Technology Enabled Services (IT-ITeS) segment took the gross leasing volume… Read More »
Cerestra Advisors Ltd, a real estate-focused private equity firm, has bought Alexandria Knowledge Park at Genome Valley in Hyderabad for Rs 400 crore as it plans to build an office portfolio focused on R&D clients. Alexandria Knowledge Park, which counts tenants such as Swiss pharmaceutical giant Novartis, was previously owned by New York-based Alexandria Real… Read More »
American financial data and analytics firm Factset has sealed a deal to set up an 8.6-lakhsquare-feet office in Hyderabad, its largest in the world, earmarking Rs 800 crore for lease rentals over 15 years. The Nasdaq and NYSE-listed firm, which has 8,000 employees in 40 locations across 21 countries, is gearing up to hire 7,000… Read More »
Vacancy levels in Grade-A office segment in Hyderabad has dropped by 200 basis points from last year due to space take up by technology majors such as Amazon, Google, Deloitte and JP Morgan, among others, said a property consultant. “The vacancy levels dropped to 8 per cent in the first quarter of 2016 from 10 per… Read More »
It’s a new wave of investment that’s sweeping Hyderabad’s iPad-toting Gen Y populace off its feet these days. With a ‘savings’ deposit of Rs 10 lakh to Rs 12 lakh tucked neatly away in their accounts, this dividend-driven clan is giving a miss to the latest Honda ‘hot wheels’ to instead park their moolah in… Read More »
After promoting what is one of the largest incubation facilities for technology start-ups across the country in Hyderabad, the Telangana government is planning a facility in the city to house small and mid-sized information technology (IT) enterprises. Apart from providing them an address, by way of an IT SME Tower in Gachibowli that is fast emerging… Read More »
Enthused by the entry of technology majors such as Google and Apple, the demand for commercial office space in Hyderabad is expected to remain strong and could see upward momentum in 2016-17 boosting the number of leasing transactions, says a property consultant. Hyderabad is expected to see addition of nearly 16 million square feet of new… Read More »
The plans of the TS government to set up World Trade Centre in Hyderabad along the lines of Mumbai and Bengaluru got a boost on Monday with the Centre giving in-principle approval to fund the project. With this, Hyderabad will join the global network of World Trade Centres, a hub for international businesses. It will be… Read More »
By going ahead with various developmental activities at the cost of environment, the city has plummeted several ranks as far as executing green buildings projects over the last three to four years are concerned. Going by the figures revealed by the Indian Green Buildings Council (IGBC), Hyderabad has slipped from being third in 2014 to… Read More »
Starting next month, the Greater Hyderabad Municipal Corporation (GHMC) will begin enforcing the Energy Conservation Building Code (ECBC) to ensure efficient use of power. The implementation of the code will begin with the granting of permissions to 25 new buildings – both government and private commercial complexes. The move comes at a time when the GHMC… Read More »