Skip to main content

Aggression in office spaces in Hyderabad? Hyderabad has the highest leasing rate in the country.

 

IT CORRIDOR
IT CORRIDOR

Hyderabad has the highest leasing rate in the country Today, Hyderabad‌

City dwellers are not just buying houses, they are recently investing in commercial and office structures. These tend to have a higher rental income compared to house rents. The office market is moving in line with their expectations. Hyderabad has surpassed Bangalore for the first time in office leasing. Mumbai and Delhi are in the next positions. CBRE recently released its 2019 first-quarter report. Industry sources say this positive impact on the housing sector will last for two to three years. Demand for this specialty has grown significantly as a result of recent corporate scandals.

The real estate sector in Hyderabad has been on a growth path for three to four years as compared to other cities. The supply of home and office space is high along with the demand. With the availability of skilled employees, recognition as a livable city along political stability, new companies are being set up here. With this, office leasing is increasing every year.

  • Leasing increased from 11 lakh sq ft in the first quarter of 2018 to 35 lakh sq ft by the return of the year.
  • If 1.28 crore square feet of office space is leased in 9 cities across the country, a quarter of it will be registered in Hyderabad.
    In IT Corridor-2 .. Gatchibauli and Kondapur areas come under IT Corridor-2. Here is a huge SEZ‌, which outscored the rest of the cities in the first quarter of 2019 with the leasing of two IT companies.

 

  • Real estate consultancy firms consider Rayadurg, Nanakranguda, Manikonda, and Kokapeta areas as the extended IT Corridor-2. Surrounding real estate activity has increased with the medium sez in Kokapeta.
    In other cities.
  • Growth slowed in many cities. Leasing in Bangalore has dropped from 55 lakh sq ft last year to 25 lakh sq ft this year. The capital area of ​​Delhi has been reduced from 21 lakh sq ft to 16 lakh sq ft. Leasing in Fune fell from 10 lakh to 9 lakh sq ft.
  • 15 lakh sq.ft. From 21 lakhs. In Chennai, it has increased from 11 lakh to 15 lakh sq ft.
  • Leasing of office space‌
    (In the first quarter of 2019)
    City sq. Ft
    Hyderabad‌ 35 lakhs
    Bangalore 25 lakhs
    Mumbai 21 lakhs
    Delhi 16 lakhs
    Chennai 15 lakhs
    Rent growth.
    Madhapur in IT Corridor-1, along with high-tech, office rents in IT Corridor-2 have also gone up. Rents here range from Rs 65 to Rs 70 per sq ft. Rents have increased somewhat compared to last year. An increase of 2 to 5 percent was recorded.
  • Rent of ‘Grade A’ type office space in Central Business District areas like Somajiguda, Begumpet, Panjagutta is up to Rs.50 per sq. ft.
  • Non-IT Grade A type office rent in Banjara Hills, Jubilee Hills, Ameerpet, Himayat Nagar is up to Rs. 46 per sq. ft.
  • Grade A IT office rent in Uppal, Pocharam, Shamshabad is up to Rs.32 per square foot per month. Half of the IT corridor is available for rent here. The government wants IT companies to set up new companies here. With the arrival of these, the development of the respective areas will be possible.
    With American companies.
  • Most of the leases are by IT companies. Then there are companies in the engineering and manufacturing sectors. These companies have leased over one lakh square feet. Most of the IT came from American corporate companies.
Labels:

Comments

Post a Comment

Popular posts from this blog

Union Budget 2025 Increases TDS Limit on Fixed Deposit Interest

The Union Budget 2025 introduces a significant relief for fixed deposit (FD) holders by increasing the TDS (Tax Deducted at Source) threshold on interest income. The limit has been raised to ₹50,000 for general citizens (up from ₹40,000) and ₹1 lakh for senior citizens (doubling from ₹50,000). This change will take effect from April 2025 and aims to simplify tax deductions while easing the financial burden on depositors, particularly retirees. New TDS Limits on Fixed Deposit Interest 📌 For General Citizens : The TDS threshold is now ₹50,000 , compared to the previous ₹40,000. 📌 For Senior Citizens : The exemption limit has doubled from ₹50,000 to ₹1 lakh , offering significant tax relief. This means less TDS deduction on interest earnings , allowing depositors to retain more of their money. How TDS on Fixed Deposit Interest Works TDS is deducted when FD interest earnings exceed the specified threshold in a financial year. Banks deduct 10% TDS if the depositor provides their PA...
Post a Comment
Read more

Understanding the Limitation Act, 1963: A Guide to Legal Timeframes

The Limitation Act, 1963 , is a crucial piece of legislation in India that defines the time limits within which legal actions must be initiated. It aims to ensure that cases are filed within a reasonable period, preventing indefinite delays and maintaining judicial efficiency. Understanding this law is essential for individuals and businesses dealing with legal matters related to contracts, property, civil disputes, and more. What is the Limitation Act, 1963? The Limitation Act, 1963 , sets specific timeframes within which different types of legal proceedings must be initiated in Indian courts. If a lawsuit is not filed within the prescribed time, the right to seek legal remedy may be lost. The law ensures fairness, prevents misuse of legal rights, and promotes legal certainty by barring outdated claims. Key Objectives of the Limitation Act ✔ Prevents Legal Uncertainty – Ensures that claims are made within a fixed timeframe, avoiding prolonged disputes. ✔ Encourages Timely Justice ...
Post a Comment
Read more

What is Lavani Patta Land?

 In Telangana, there are different types of lands titles that provide land ownership. Here Lands are segregated into Private land and Government Assigned Land, and the land owned by an individual who has Record Of Rights ROR on his name, and has legal land title ownership. Whereas government-assigned land is allotted to any individual who belongs to a BPL Below Poverty Level family to elevate their economic standards is termed as Government Assigned Land. Here it has ownership land title on an individual’s name, but assigned lands cannot be sold or transferred to anyone. To obtain a Lavani Patta one can get it from the Revenue Department of the state. The Chief Commissioner of Land Administration (CCLA) is the chief controlling authority for the revenue administration. Usually, the Tahsildar is the competent authority to assign the lands. Here, 50 percent land is assigned to Schedule Castes, 10 percent to Schedule Tribe, 30 percent to the backward classes, and the res...
Post a Comment
Read more