East West Commercial Real Estate

With Hyderabad making great strides in IT\ ITES and BPO it is now a reality that the city has made its mark across the globe. India is now doubt has prominent technology parks spread across several states. And not to mention the wave of SEZ

With the government taking special interest by creating attractive policies that bring investment so that various industries whether IT, manufacturing or other sector industries get benefited.

The growth of the IT industry also brought along with it improvements in the quality of real estate developments. Several builders and infrastructure providers have created office space Hyderabad in the form of technology parks. With these developments, they hope to cater to technology companies by providing the kind of infrastructure they require for their business.

Companies started setting up, expanding, merging and getting acquired. This accelerated the need for hyderabad commercial office space. Companies wanted huge spaces to seat their hundreds of employees; they felt the need to look for large plots of land, instead of being in separate buildings spread all over the city.

The IT-ITeS industry is single handedly driving the real estate boom in India. According to realty experts, IT-BPO companies account for 80% of total commercial space absorption in India.

While most the cities are already witnessing running out of vacant office space this has lead to increase in the rate of office space. All this is making companies who are looking for office space Hyderabad alternative options like moving to places, where it can prove cost effective for companies.

Many companies are looking into tier two areas where the real estate prices are not yet skyrocketing. The reason is the lower real estate prices and good infrastructure besides a more stable pool of talent.

More and more real estate developers are developing commercial real estate and IT parks in less developed area to attract the BPO, IT and ITeS players in search of hyderabad commercial office space.

While if some are making plans to move to less developed cities others are of the view that, moving to tier two cities might be cost effective, but still does not make business sense.

They further feel that the infrastructure that city boasts is far better than what is offered in the tier two cities. They may be cheaper but moving to the smaller cities is not always a good business proposition. So to remain in city or to move to suburbs is more and more becoming attention seeker.