Hyderabad, Feb. 27 -- Hyderabad's Office Leasing Market touched an impressive, 13.1 million sq. ft. of gross absorption in 2024, securing a 17 percent share among India's top six cities, according to a report released by Savills India, a global real estate advisory firm.
The IT-BPM sector led the market with 50 percent of total leasing, followed by Healthcare and Pharma (16 percent), Flexible Workspaces (14 percent), and BFSI (7 percent), the report revealed.
Large-scale deals (100,000 sq. ft. or more) accounted for 53 percent of overall leasing, reflecting a 46 percent YOY increase.
The SBD I micro market emerged as the leader, contributing 65 percent of the total leasing activity in Hyderabad.
Key areas such as Raidurg, Hi-Tech City &...