- The capital city of Hyderabad is a hub for information technology (IT) and pharmaceutical sectors.
- The Central Government recently announced formation of an Information Technology Investment Region (ITIR) near Hyderabad. With the establishment of the ITIR, the Government plans to generate 1.5 million direct and 5.3 million indirect jobs in the IT sector in the next five years.
- The State Government has undertaken the task of establishing Hyderabad Pharma City which will be the first of its kind, smart ecosystem creating a new international benchmark for sustainable industrial cities.
- Located in western Hyderabad, the Suburban Business District (SBD) is a major hub led by HITEC City, which houses over 90 per cent of the technology enterprises in Hyderabad. HITEC City figures among the top 10 established sub-markets in the APAC region while the peripheral business district (comprising Uppal, Pocharam and Shamshabad) is listed among the top 10 upcoming sub-markets in the region.
- “Hyderabad office market’s long-term fundamentals remain intact. The market is likely to see Grade-A office gross absorption of 6.5 million sq feet in 2021, led by technology companies and flexible workspace operators.” – Ramesh Nair, CEO, India & MD, Market Development, Asia at Colliers
- Global companies continue to actively look at Hyderabad for campuses for their global in-house centres. Good infrastructure in the city, coupled with an extremely proactive and business-friendly government will encourage occupiers to expand here. Hyderabad has a robust supply pipeline with about 12 million sq feet of buildings in near-completion stage.” – Nair added.
- Rents are 15 per cent to 20 per cent cheaper in Hyderabad compared to Bengaluru, which offers a competitive advantage.
- IT & ITeS export from Telangana grew at a CAGR of 11.32% from 2013-14 to Rs. 1,45,522 crore (US$ 20.05 billion) in 2021-21. Leading IT companies like Facebook, Google, IBM, and Microsoft hold significant presence in Hyderabad.
- While the presence of IT, ITeS, pharmaceuticals and cloud solution companies are acting as a demand driver, the city is witnessing large-ticket investments—Amazon Web Services is investing US$ 2.8 billion in a core data centre facility and National Payments Corporation of India (NPCI) is investing US$ 70 million in an own tier-IV data centre in Hyderabad.
Categories: Real Estate
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