Hyderabad has witnessed 42 per cent increase in commercial property transactions and it was leading among the major Indian metro cities, says proptech unicorn Amit Agarwal, CEO & Co-founder at NoBroker.com in its recent findings.
“In the recent past, Hyderabad has emerged as the frontrunner among major Indian metros in commercial property transactions. The city is setting new records with the highest growth in both rental and buy-sell markets, marking it as a prime case of urban development and an economic powerhouse,” said Amit Agarwal, CEO & Co-founder at NoBroker.com.
Speaking about the rental market in Hyderabad, he further said that the city has experienced a seismic shift, with rental rates soaring to 18-20 per cent on average. This surge can be attributed to factors such as the city’s robust IT sector, a thriving startup ecosystem, and increased demand for office spaces.
According to the Bengaluru-based brokerage-free real estate platform, the buy and sell market in Hyderabad has shown remarkable growth, with property values appreciating at an impressive rate of 10-15 per cent over the past year. Kukatpally, Uppal and Jeedimetla have merged as the most preferred regions for commercial property investment in Hyderabad.
The office market in Hyderabad is poised to witness up to 17-18 million-sq-ft of additional space within the next three to four quarters.
