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Showing posts from February 24, 2020

Commercial Real Estate in 2020 - Padmasri Townships

Realestate Market Commercial Segment In Hyderabad While the real estate housing sector had been bleak in the past year, the commercial segment has seen quite an improvement. A rise in the IT/ITE sectors in India that is moving towards high value segments like artificial intelligence, data analytics and product development, supporting the rise in demand for office space. Total office transaction in H1 2019 was a strong 28 million sq ft on the back of an all-time high of 48 million sq ft in 2018. Rentals and leasing of office space have also been rising with companies like Whats App, Apple, Facebook expanding their presence in India. There is a large office supply lined up for next year too, hence the rental growth may moderate in 2020. However, in the midst of a rise in the commercial real estate segment in India, Hyderabad needs a special mention. With many companies shifting their base to Hyderabad, the city is growing as an affordable alternative for state-of-the-art office spa...