Hyderabad's western region is poised for a 3 million sq ft office space surge, attracting mid-size to large companies with competitive rental rates and proximity to IT and financial hubs.
Corporates are relocating their headquarters to larger offices as rental prices decline in major cities like Bangalore and Mumbai, seeking better amenities.
Retailers are postponing expansion plans due to declining rental prices, as they anticipate a more favorable market before committing to new spaces.
Rental prices in key Indian industrial towns surge, with New Delhi experiencing a 13% increase in 2008, reflecting high demand and limited development space.
The disparity between homeowners and tenants in Mumbai is stark, with rising rental prices reflecting the booming real estate market, according to industry experts.