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[부동산] 하이데라바드, 오피스 수요에 있어 뱅갈루루 넘나, Hyderabad surpasses Bangalore to emerge as dominant office market in Q1
[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Lee Jang Ho
staff of Kamagroup Pvt. Ltd. Here I have an important INDIA REAL ESTATE
news to share with you which is as undermentioned.

Hyderabad property market has overtaken Bangalore for the first time to be
the dominant office market driving quarterly space take-up, on the back of
culmination of several pre-commitments. In the first quarter of 2019, gross
leasing touched 12.8 million sq. ft., recording a growth of 3% on a quarterly
basis with Hyderabad, Bangalore, Mumbai and Delhi-NCR accounting for
more than 75% of the leasing activity, showed data from CBRE South Asia.

In the first quarter, Hyderabad witnessed leasing of 3.5 million sq ft against
1.1 millon sq ft a year ago, while leasing in Bangalore declined to 2.5 million
sq ft from 5.5 million sq ft.

Small sized deals with less than 10,000 sq ft and medium-sized transactions
ranging between 10,000 sq ft and 50,000 sq ft dominated space take up
accounted for 33% and 48% of the transaction activity respectively. The share
of large-sized deals greater than 1 lakh sq ft increased from 7% in fourth
quarter of 2018 to 10% during this quarter. Hyderabad followed by Bangalore,
dominated large-sized deal closures in the first quarter of 2019, while a few
such deals were also reported in Mumbai, Noida and Chennai.

Read more at: https://economictimes.indiatimes.com/wealth/real-estate/hyderabad-surpasses-bangalore-to-emerge-as-dominant-office-market-in-q1/articleshow/68918801.cms
Kamagroup Pvt. Ltd.
New Delhi
Have a nice day.
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