Facebook renews Hyderabad’s Hitech City office lease for ₹2.8 crore monthly rent: Report
1 week, 6 days ago

Facebook renews Hyderabad’s Hitech City office lease for ₹2.8 crore monthly rent: Report

Live Mint  

Facebook has renewed its Hyderabad office space lease for ₹2.8 crore monthly payment across two separate transactions, reported the news portal Hindustan Times, citing registration documents sourced by Propstack. According to the report, the total office space is 3.7 lakh sq feet, located in The Skyview in Hitech City, Hyderabad, one of the prime IT corridors in the city. Before that, in another renewal transaction, the company paid ₹2.15 crore monthly rent for 2.8 lakh sq ft, as per the news report. Rental rates rise Hyderabad's Hitech City witnessed its average rent go up to nearly ₹27,500 per month in 2023, compared to its earlier level of ₹23,000 per month in 2019, according to the news portal.

Hyderabad City Month Rent Hitech City  company  lakh  earlier  renews  monthly  hyderabads  crore  office  hyderabad  paid  month  report  sq  lease  facebook  city  hitech  rent

History of this topic

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month
1 month, 2 weeks ago

ANZ renews office space lease in Bengaluru for four years at a rent of ₹6 crore per month

Hindustan Times  

ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft office space spread across 18 floors in Embassy Manyata Business Park in Bengaluru for four years at a monthly rent of ₹5.94 crore, documents accessed by Propstack showed. ANZ Support Services India Private Limited has renewed its lease for a 6 lakh sq ft …

Table Space expands its footprint: Launches 135,000 sq ft facility in Hyderabad
1 month, 3 weeks ago

Table Space expands its footprint: Launches 135,000 sq ft facility in Hyderabad

Hindustan Times  

Flexible workspace provider Table Space has launched its suites portfolio in Hyderabad with its first centre at Raheja Mindspace in Hitec City. Table Space launches 1.35 lakh square feet facility as part of Suites portfolio in Hyderabad The facility spans over 1,35,000 square feet offering 2,200-plus seats across two floors. “With the launch of Table Space Suites in Hyderabad, we …

Hyderabad Office Space Market Takes Flight: 5 Million Square Feet Leased in H1 2024
5 months, 1 week ago

Hyderabad Office Space Market Takes Flight: 5 Million Square Feet Leased in H1 2024

The Hindu  

Hyderabad office space market is trending very high, all set to draw more demand from national and international companies. According to the report in Hyderabad Office Space Market, the IT-BPM industry remained on the top with a 36 % market share in gross leasing whereas BFSI took a rapid growth with 29 % shares of the total leasing space in …

Ajay Devgn leases commercial property in Andheri West, Mumbai, for a monthly rent of ₹9 lakh
6 months, 2 weeks ago

Ajay Devgn leases commercial property in Andheri West, Mumbai, for a monthly rent of ₹9 lakh

Hindustan Times  

Ajay Devgn has leased an office space in Andheri West in Mumbai for a monthly rent of ₹9 lakh for five years, documents accessed by Propstack showed. Ajay Devgn has leased an office space in Andheri West in Mumbai for a monthly rent of ₹ 9 lakh for five years. Ajay Devgn had purchased five office units in Andheri West …

Residential sales in Hyderabad hit a new high of 32,880 units in 2023
1 year ago

Residential sales in Hyderabad hit a new high of 32,880 units in 2023

Deccan Chronicle  

Hyderabad: Residential sales in Hyderabad rose 6 per cent on an annual basis to hit a historic high of 32,880 units in 2023. Hyderabad also recorded 88 lakh sqft office transactions in 2023 led by Global Capability Centres Residential launches in the city increased by 7 per cent to 46,985 units in 2023, which is also a new high. The …

Hyderabad to witness launch of more than 1.3 lakh housing units in the next two to three years
1 year, 1 month ago

Hyderabad to witness launch of more than 1.3 lakh housing units in the next two to three years

Hindustan Times  

Hyderabad is expected to witness the launch of more than 1.3 lakh housing units within the next two to three years as well as an addition of approximately 35 to 38 mn. ft. of high-quality business parks across its micro markets, a report by CBRE South Asia Pvt Ltd titled From Now to Next: Tracing Hyderabad’s Real Estate Dynamics has …

Hyderabad absorbs 3.1 million sqft office space in July-Sept. quarter: CBRE
1 year, 3 months ago

Hyderabad absorbs 3.1 million sqft office space in July-Sept. quarter: CBRE

Deccan Chronicle  

Hyderabad: Hyderabad stood among the top three cities dominating office space leasing in July-September and recorded 3.1 million sq ft of office space absorption, with a 261 per cent year-on-year increase. Key transactions during the quarter included Bristol Myers Squibb, The Executive Centre, Pinnacle Reliability, according to CBRE India office figures Q3 2023 report. On a pan-India basis, office leasing …

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal
1 year, 3 months ago

Hyderabad to Add All-time High Office Space of 21.5 Mn Sq. Ft in '24 Fiscal

Deccan Chronicle  

HYDERABAD: Hyderabad’s real estate boom is set to get bigger, with the 2024 financial year set to see an addition of about 21.5 million square feet of office space, an all-time high. Icra said Hyderabad saw a healthy net absorption in the 2022 and 2023 fiscals, post-Covid-19 lockdowns, backed by good deal traction in new leases, offices resuming and a …

Hyderabad absorbs 2 million sq ft office space from April-June
1 year, 6 months ago

Hyderabad absorbs 2 million sq ft office space from April-June

Deccan Chronicle  

Hyderabad: Hyderabad recorded 2 million square feet of office space absorption in the April-June period this year. Key sectors that drove the absorption included technology, flexible space operators, and banking, financial services and insurance, according to the real estate consulting firm CBRE South Asia in its office report, ‘CBRE India office figures Q2 2023’. On a pan-India basis, the report …

Hyderabad ranks fifth in total residential unit sales: Knight Frank
1 year, 11 months ago

Hyderabad ranks fifth in total residential unit sales: Knight Frank

The Hindu  

The city of Hyderabad stands fifth out of eight cities in terms of total residential units being sold in India from January to December 2022. Knight Frank India in its report said that a total of 31,046 residential units were sold in Hyderabad in 2022. The office sector in India saw a strong recovery in demand despite the geopolitical changes, …

Skyscraping rents: How living in metros in India has become costlier than before
2 years, 2 months ago

Skyscraping rents: How living in metros in India has become costlier than before

Live Mint  

In the past three and a half years, the Mumbai Metropolitan Region's average rent has increased by up to 29%, according to a survey by CREDAI-MCHI and data analytics company CRE Matrix. According to an Anarock report in September, the capital value of luxury residential colonies in seven major cities increased by 2–9% while average monthly rent increased by 8–18% …

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft
2 years, 3 months ago

Office space supply in Hyderabad up 56% in Jan-Sept, rises to 7.9 million sq ft

Deccan Chronicle  

NEW DELHI: New supply of office space in Hyderabad rose 56 per cent to 7.9 million square feet from 5.1 million square feet during January-September period. According to Colliers India, new supply of office space rose 49 per cent during this period across six cities,including Hyderabad, to 32.8 million square feet on completion of many commercial projects to meet rising …

Hyderabad real estate clocks 32% sales growth in September quarter
2 years, 3 months ago

Hyderabad real estate clocks 32% sales growth in September quarter

Deccan Chronicle  

HYDERABAD: The Hyderabad real estate market continued to remain robust, clocking a 32 per cent growth in sales in the third quarter of 2022 and a 19 per cent growth in new projects. The city also witnessed a healthy surge in price growth with aggregate residential value moving up by 6% YoY during Q3 2022," said a report of Knight …

Office rent rises maximum in Hyderabad at 9 per cent in July-Sep, rent drops in Delhi-NCR by 1 per cent: JLL
5 years, 2 months ago

Office rent rises maximum in Hyderabad at 9 per cent in July-Sep, rent drops in Delhi-NCR by 1 per cent: JLL

India TV News  

The office rentals in Hyderabad rose maximum by 9 per cent during July-September period on strong demand but rents dropped in the national capital region marginally, according to property consultant JLL India. Office rentals in Hyderabad rose to Rs 56.20 per sq ft from Rs 51.50, while in Pune rents increased to Rs 68.17 from Rs 64.81. In Bengaluru, office …

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