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11.11 - 06:57
Hyderabad’s office stock crosses 90 mn sq ft as of Q3 2021: CBRE
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financialexpress.comWitnessing a rising office demand and huge influx of supply, especially along IT and Extended IT Corridor, Hyderabad’s investment-grade office stock has doubled from 2016 – crossing over 90 million sq ft at the end of Q3 2021. Continuing the momentum, the city is expected to add about 30-35 million sq ft of investment-grade business parks over the next three years, according to a report by CBRE.
Driven by policy and infrastructure initiatives, Hyderabad’s IT / ITeS sector saw a remarkable turnaround over the past five years. This augmented the growth of the commercial real estate sector in the city. Enticed by this progress, global corporates forayed into the city and further expanded their operations, owing to a strong business environment
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