Hyderabad is one of the leading
cities in India in terms of population, GDP, and technical expertise. High in
culture and social aspects, the people of Hyderabad project the
forward-thinking culture of the modern India. The huge increase in business
ventures has created the need for office spaces that is acutely felt in this
ballooning city.
Increase in land rates
The high demand for Hyderabad office space is due to both the development of Hyderabad and the increase
in the land rates in all parts of India. The buy land rates are between Rs
5,850 and Rs 6,395 and the rental land rates too are equally high. The rental
value of single bedroom houses is at Rs 4,625 – Rs 6,250 while the three
bedroom houses go for Rs 12,345 – Rs 14,000.
Offices are in demand
The prices of offices and
commercial institutions is on the rise and this is reflected in the growth of
the GDP of Hyderabad. Hyderabad is the largest contributor to the GDP of the
state. The revenues it generates amounts of Rs 699,000 million. It also has a huge
population of 62,814,819 and so finding enough space for offices is not easy.
Renting out options
The options present for the owners
who rent out the building space is limited. They can either give the whole
building for rent in which case the rent is going to be sky-high or they can
give portions of the building for different firms which might solve their
problem. This type of office sharing is growing all over the place since there
is growth of business and the land value is also rising.
Cultural richness of Hyderabad
Many foreign and Indian tourist
come to Hyderabad for another reason. It is the Pearl City, the place where one
can buy exotic pearls and gemstone at dirt cheap prices. It is the only place
in the world where you will find a diamond market. So, during season time, the
place is flooded by tourists trying to pick the choice stones and jewellery.
From another perspective, the
historical city is known as the Genome Valley for its connection to research in
the biotechnical field. The pharmaceuticals sector is also blooming here.
Combined with the establishment of prominent public sector enterprises such as
BHEL, HAL, NMDC, IDPL, DRDO, ECIL, and HAL among others, Hyderabad is a
well-developed place with lots of potential for further growth for new business
ventures.
Ripe for investing
Investors can find prime
properties to develop and make a big packet. Hyderabad presents many
opportunities if you can see where the commercial projects are just developing.
Investment in offices will bring in the most profit since the demand is maximum
for the business offices.
The latest developers have taken
to plug and play offices. These are offices with all the facilities that any
office needs to operate. You only need to take your staff and begin to work.
You get the stationery, the computer stations, the broadband connection for the
internet, the air-conditioning, and even secretarial services if you need it.
You can never go wrong if you invest in an office property in Hyderabad.
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