ASCENDAS india trust ANNUAL REPORT 2014/15
3 Commercial Real Estate
Hyderabad has five primary commercial clusters. With the exception of suburban areas of Madhapur and Gachibowli, all
clusters are a mix of commercial and retail developments.
The five commercial corridors identified are:
Micro-market
Locations
Description
CBD
Banjara Hills Road no.
1, 2, 10 & 12
Located in the heart of the city, this commercial micro-market comprises
largely of corporate offices 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 and Uninor.
As of 2014, the CBD market has a total stock of approximately 3.3 million
sq ft and the vacancy rate was estimated at 26.8%. During 2014, the CBD
market attracted rentals in the range of 40-50/sq ft/month.
1 Central Business District
• Banjara Hills Road # 1, 2, 10 & 12
2 Off CBD
• Begumpet, Somajiguda
• Raj Bhavan Road, SP Road
3 Prime Suburban Locations
• Rest of Banjara Hills
• Jubilee Hills
4 Suburban Locations
• Madhapur
• Gachibowli (Includes Nanakramguda,
Manikonda & Raidurg)
• Kukatpally
5 Peripheral Locations
• Shamshabad
• Pocharam
• Uppal
Phase 1 Outer Ring Road
Phase 2 Outer Ring Road
International Airport
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H y d e r a b a d C omm e r c i a l M a r k e t O v e r v i e w
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