Office: In Q1 2022, the Hyderabad market gained momentum with a q-o-q growth of 19.6% driven by fresh leasing. IT-BPM remains the prime growth driver with a contribution of 50%, followed by flex spaces with 16%. Leasing activity in the city is expected to rise in the short-term with new leases near completion.
Residential: India’s western corridor continues to dominate with Hyderabad recording new launches to the tune of 18,000 units registering an astounding growth of 110% on a y-o-y basis. Locations such as Kokapet and micro-markets around the ORR with seamless connectivity to Gachibowli accounted for approximately 60% of new launches in Q1 2022.
Retail: Malls across Hyderabad saw a healthy leasing activity in Q1 2022. The city recorded 20,000 sf of leasing activity across malls and main street – this is a positive indication of reviving business sentiments. Approximately 70 deals were signed in this quarter alone, it is a 40% rise from the quarterly average of 2021.
Learn more by clicking our most recent Hyderabad MarketBeat reports below.
