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Hyderabad Office Space Guide

A guide to serviced offices and office space to rent in Hyderabad as well as general information that may be useful if you are considering renting office space in the city.

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History & Geography

Hyderabad is not only India’s fourth most populous city, but a regional economic and cultural powerhouse. The sprawling city sits on the banks of the Musi River on the Deccan Plateau to the south of the country. The so-called City of Pearls is the capital of the Andhra Pradesh region and in total covers 250 square miles. Originally known as Golkonda, Hyderabad was founded and ruled by the Chalukya Dynasty before falling under the sway of the Khilji Dynasty in the early 14th century. Over the next four centuries, the city changed hands several times as various dynasties came and went. By 1712 the city was under the auspices of Asif Jah I, the Viceroy of Deccan, appointed by Mughal Emperor Farrukhsiyar. During Asif Jah’s rule, he named the city Hyderabad. After his death in 1748, a period of unrest followed, until 1769 when the powerful Nizams took over the city. The Nizams allied themselves to the British East India Company and allowed British troops to be stationed in the city, thus protecting it from various rivals. Starting in the late 19th century Hyderabad was extensively modernized, gaining a tram, drainage, running water and electricity. The Nizams rule continued until 1948 and India’s independence from Britain. In 1956 the states of India were completely reorganized and the state of Hyderabad ceased to exist. Instead, it was split into three states, Maharashtra, Karnataka and Andhra Pradesh. The city of Hyderabad became the capital of Andhra Pradesh. The Telugu-speaking portion of the population of Andhra Pradesh came out against the new boundaries and a campaign of violence followed. However, the states remained the same and Hyderabad continued to expand and prosper. Today the city has a population of close to seven million and is a centre of tourism, education and culture.

Economy

Hyderabad is the most prosperous city in the state of Andhra Pradesh and the largest contributor to its economy. Recently Hyderabad was voted the second best Indian city to do business in by the World Bank Group. Hyderabad has more special economic zones than any other Indian city and it is the fifth largest contributor to the country’s GDP. The city has a fairly diversified economy with the main industries being tourism, biopharmaceutical, retail, real estate and information technology. The pharmaceutical and biotechnology sectors are particularly large, leading the city to be dubbed ‘Genome Valley of India’. The city’s excellent infrastructure has attracted a host of multinational corporations to set up in Hyderabad and this trend looks set to grow in the future. Another nickname the city has earned lately is ‘Cyberabad’ due to it’s thriving information technology industry. The recent creation of HITEC City, a technology township which takes up over 150 acres, has attracted many US companies to Hyderabad including Dell, Hewlett-Packard, Texas Instruments, Yahoo, IBM, Amazon and more. Hyderabad also has a healthy retail industry as well as a booming real estate market. DTZ recently ranked the city as the world’s third most affordable office location and Business Today ranked it as the fourth best city to live in India.

Tourism & Culture

Hyderabad has a thriving tourism industry which is constantly expanding as visitors to India discover the city. Recently Hyderabad was the only Indian city to make the New York Times’ List of 41 Places to Go and the Indian Tourism Ministry has named Hyderabad as its first Best Heritage City of India. Hyderabad has a host of sites and activities to satisfy the most demanding visitor. Among these are the city’s teeming bazaars and markets. Of particular note is the Laad Bazaar which sells traditional antiques and cultural items as well as diamonds and pearls. Hyderabad is also famous for Golconda Fort, a vast ruined city located to the south. The ancient capital of the Kingdom of Golkonda, Golkonda Fort was built to repulse invading Moghuls in the 17th century. Another of Hyderabad’s architectural wonders is the Mecca Masjid, an enormous mosque built in the 17th century. It is distinctive for it’s three arched facades carved from a single piece of granite. The city is also known for its many lakes, parks and gardens as well as it’s palaces, the most famous of which is the Chowmahalla Palace, the ancient seat of the Asaf Jahi dynasty.

Transportation

Hyderabad is served by the new Rajiz Gandhi International Airport, opened in 2008. It has since been voted the world’s best airport in the up to 5 million passenger category. Hyderabad itself has a number of public transportation options, including autorickshaws and light railways. The most frequently used public transport, however, is the bus service covering every part of the city. It has been estimated that up to 13 million passengers per day use the bus system which has at its centre the Mahatma Gandhi Bus Station. Hyderabad is also served by the Secunderabad Railway Station which has connections to the rest of the state of Andhra Pradesh and the country.

Office space for rent in Hyderabad

Hyderabad has one of the busiest and most popular office markets in India. Currently, the city has a vacancy rate of approximately five percent and this is not expected to grow in the near future. The most popular area of the city for offices is the Madhapur district, which recently has seen the majority of real estate transactions in Hyderabad. Hyderabad’s central business district currently has an average rental rate of USD 0.63 per square foot per month.

 

 

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