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The fve commercial corridors identifed are:
Cluster Locations Nature
Central
Business
District
Banjara Hills Road
no. 1, 2, 10 & 12
Located in the heart of the city, this commercial micro market comprises largely
of corporate offces of infrastructure/construction, real estate, IT, biotech and
pharmaceutical companies. It is the prime commercial micro market of the city.
The developments are a mix of commercial and retail developments. Prominent
companies that have presence in this micro market are Broadridge, Cbay, Karvy,
HSBC, IVR Prime, Aparna Constructions, Nuziveedu Seeds, Essar, Nectar,
Uninor, etc
As of 2013, the CBD market has a total stock of approximately 3.6 million sq ft.
The vacancy rate during 2013 was estimated at 23.2%. During 2013, the CBD
market attracted rentals in the range of INR 40-50/sq ft/month.
Off-CBD
areas
Begumpet,
Somajiguda,
Rajbhavan road &
S P Road
Located on the eastern and southern periphery of the CBD, this micro market
has regional/sales/marketing offces of companies of various industries.
The developments in this micro market are a mix of commercial and retail
developments. Prominent companies in this micro market are Aptuit Laurus,
Schneider Electric, Aurobindo Pharma, GVK Bioscience, DRL, Aircell, Airtel etc
As of 2013, the Off-CBD market has a total stock of approximately 9.2 million sq ft.
The vacancy rate during 2013 was estimated at 13.1%. During 2013, the CBD
market attracted rentals in the range of INR 35-45/sq ft/month.
Prime
Suburban
areas
Rest of Banjara
Hills & Jubilee
Hills
Located on the northern and western periphery of the CBD, this micro
market has corporate offces of companies of various industries. Most of the
developments in this micro market are also a mix of commercial and retail
developments. Companies that have presence here are Madhucon, Seaways
Shipping, Prajay Construction etc.
As of 2013, the Prime Suburban market has a total stock of approximately 3.93
million sq ft. The vacancy rate during 2013 was estimated at 29.8%. During
2013, the CBD market attracted rentals in the range of INR 40-50/sq ft/month.
Suburban
areas
Madhapur,
Gachibowli,
Nanakramguda,
Raidurg and
Kukatpally
Located in the western quadrant of the city and approximately 5-7 km north-
west of the CBD of Hyderabad, this micro market largely houses offces of IT/
ITES and fnancial services companies. These recent developments comprise
large scale Grade A commercial developments. Companies like Infosys, TCS,
IBM, Accenture, UBS, Deloitte, Wells Fargo etc have presence in this micro
market. Among all the commercial micro markets, this micro market is currently
witnessing maximum activity.
As of 2013, the Suburban micro market has a total stock of approximately 32.95
million sq ft. The vacancy rate during 2013 was estimated at 18.7%. During
2013, the CBD market attracted rentals in the range of INR 40-50/sq ft/month.
Peripheral
areas
Pocharam,
Shamshabad and
Uppal
Located in periphery of the city this micro market is the upcoming commercial
hub of Hyderabad. Existing and upcoming commercial developments are
mostly IT/ITES focussed. Signifcant leasing in this micro market is yet to gain
momentum.
As of 2013, the Peripheral micro market has a total stock of approximately 1.9
million sq ft. The vacancy rate during 2013 was estimated at 43.3%. During
2013, the CBD market attracted rentals in the range of INR 20-25/sq ft/month.
Source: Cushman &Wakefeld
Hyderabad commercial market overview