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3 Commercial Real Estate (continued)
Micro-market
Locations
Description
Off-CBD Areas
Begumpet, Somajiguda,
Rajbhavan road and
SP Road
Located on the eastern and southern periphery of the CBD, this
micro-market has regional/sales/marketing offices 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, Aircel and Airtel.
As of 2014, the Off-CBD market has a total stock of approximately
8.7 million sq ft. The vacancy rate during 2014 was estimated at
11.6% and rentals were in the range of 35-45/sq ft/month.
Prime Suburban Areas Rest of Banjara Hills and
Jubilee Hills
Located on the northern and western periphery of the CBD, this
micro-market has corporate offices 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 and Prajay Construction.
As of 2014, the Prime Suburbanmarket has a total stock of approximately
3.7 million sq ft. The vacancy rate during 2014 was estimated at 24.9%
and rentals were in the range of 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 offices of IT/ITES and financial 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 2014, the suburban micro-market has a total stock of
approximately 37.6 million sq ft and the vacancy rate was estimated
at 16.5%. During 2014, the suburban micro-market attracted rentals
in the range of 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. Significant leasing in this
micro-market has yet to gain momentum.
As of 2014, the peripheral micro-market has a total stock of
approximately 1.8 million sq ft. The vacancy rate during 2014 was
estimated at 46.7% and the Peripheral market attracted rentals in
the range of 20-30/sq ft/month.
Source: C&W Research
