Office Market with focus on Hyderabad

- Hyderabad office market witnessed the absorption of around 5.4 mn.sq.ft. of office space during FY 2012.

- The first half of FY 2012 saw 3 mn.sq.ft. of office space being leased out. However, the momentum could not be sustained and the second half of FY 2012 saw a reduced transaction volume of 2.4 mn.sq.ft.

- Despite uncertainty amongst potential occupiers in the wake of global financial turmoil, the IT/ITeS sector continued to be the key demand driver of office space in the city.
 
- The SBD locations, with their concentration of Grade A office stock, continued to be the most preferred office destination, primarily favoured by the IT/ITeS sector.

- Various new developments such as the metro rail project and the construction of Outer Ring Road, are expected to make the city more viable to the prospective occupier as well as investor in the forthcoming years.

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