Hyderabad office space to be increased through SEZs

September 9, 2008	(Be the first to rate this story!)  Loading ...
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Hyderabad boasts of quality IT infrastructure, a good human resource base business, friendly policies and a proactive government and so it is among the most preferred real estate destinations of India. It has 40 IT SEZs and hopes to reach US$7 billion mark with a prospective growth of 50 per cent during the current financial year. An estimated 60-70 million sq. ft of IT/ITeS specific commercial office space is expected to come up through special economic zones alone by 2010 in India. And out of the seven cities where such zones are coming up, Hyderabad leads with about 30 per cent of the total expected supply of real estate, closely followed by Pune, Bangalore and Chennai.

The south zone has been the frontrunner of the special economic zone movement in the country, accounting for 36 per cent of all approvals coming through, till date. One state that has clearly dominated the scene is Andhra Pradesh, which accounts for nearly 25 per cent of total notifications. Pockets of maximal real estate development activity in the state include the districts of Hyderabad and Visakhapatnam. In fact, the supply of new office space supply in the special economic zone space is going to far outstrip the fresh supply in non-special economic zone space in the coming years. Hyderabad.

News Published Under:   Hyderabad |

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