No Hyderabad blues for growing retail realty

Retail space absorption in Hyderabad has picked up pace after remaining subdued for years due to regional agitations and political uncertainty.

According to property consultants, more than half a dozen large retailers, including global brands H&M, Forever21 and GAP, and domestic players Reliance, Shoppers Stop and Central, recently agreed to absorb nearly 2.6 million square feet (sq. ft.) of retail space, giving momentum to a process started by global giants like Apple, Amazon and Uber over the last two years.

Property consultants attribute the spurt in commercial real estate activity to improved office market absorption – while MNCs like Apple, Amazon and Uber entered the city for the first time, existing players like Novartis, Deloitte and Accenture expanded operations.


Read more: ETRealty