Hyderabad ‘s office real estate has seen a phenomenal 3X rise in its stock over the last decade and is set to surpass 200 million sq ft by 2030. 

According to a latest CBRE report, Hyderabad currently contributes to around 15% of the total office space in India and accounts for over 18% of the green-certified office stock in the country. Driven by robust demand for office spaces by global firms, the city’s office stock has more than tripled since 2014, touching nearly 137 mn. sq. ft. by the end of 2024.

The report highlights Hyderabad’s position as a preferred destination for businesses seeking dynamic office spaces. In 2024, this momentum continued, with absorption reaching 12.3 million sq. ft. With an extensive presence of leading players, the technology sector led Hyderabad’s office leasing activity with the highest share at 31%. In the past, Hyderabad’s office absorption has been dominated by the technology sector, with an annual share of about 30-35%. However, in recent years, the city has witnessed a diversification in its occupier base. Various other sectors, including flexible space operators, life sciences firms, and consulting companies, have increasingly turned to Hyderabad for their office space needs. In 2024, life sciences firms had an office leasing share of 21%, and flexible space operators share stood at 14% in overall office leasing, showcasing a diverse demand across industries. Hyderabad has now emerged as a major business and innovation hub, with global corporations expanding their presence across diverse sectors, including IT, pharmaceuticals, biotechnology, and finance.

Hyderabad’s thriving tech eco-system and talent pool has made the city a hub for Global Capability Centres . These centers are driving digital transformation, evolving into strategic partners while recruiting specialized talent in engineering, research & development, and information technology. GCC absorption in Hyderabad grew by over 12% from 2022 to 2024, reaching 5.3 million sq. ft. in 2024, accounting for nearly 43% of the total office space take up in the city last year. Hyderabad is ranked second in GCC leasing in India, after Bengaluru and the city continues to attract global corporations across industries such as technology, pharmaceuticals, biotechnology, and financial services. The adoption of advanced technologies like AI, cloud computing, and data analytics further fuels this growth, backed by Hyderabad’s robust infrastructure and talent ecosystem.

“Hyderabad’s transformation into a global business and technology hub showcases its ability to adapt and evolve with market demands. The city’s robust infrastructure, diverse occupier base, and skilled talent pool position it as a critical growth center for India’s real estate landscape. With its strong IT/ITeS ecosystem, Hyderabad will continue to remain a top choice for GCCs across technology, BFSI, and life sciences, driving office space demand, says Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & africa, CBRE”

According to Gipson Paul, Senior Executive Director, Advisory & transaction Services, CBRE India, Hyderabad’s real estate landscape is evolving rapidly, with a strong emphasis on sustainability and eco-friendly practices. Developers are increasingly integrating green spaces and adopting environmentally conscious measures driven by proactive government policies and incentives.  

Promising Outlook 

Looking ahead, Hyderabad’s real estate sector is poised for continued diversification. With increased investments in advanced technologies such as AI, robotics, and electric vehicles, coupled with the Telangana government’s sustained focus on infrastructure development, the city is well-positioned to maintain its momentum as a preferred destination for global businesses.

The city’s unrestricted FSI (Floor Space Index) policies, combined with affordable housing options and a high quality of life, attract young professionals and drive demand for office spaces. Additionally, Hyderabad’s thriving IT and pharmaceutical sectors continue to fuel growth in both residential and commercial real estate. The city’s office space is projected to witness 1.5x growth over the next five years, reflecting its sustained appeal to businesses.

A massive infrastructure investment planned in the coming years will prove to be a big booster for city’s real estate. Under Vision 2050, there are a large number of government projects worth INR 1 lakh crore for sustainable urban infrastructure in Hyderabad.  These include Hyderabad- Mumbai High Speed Rail Corridor under the National Rail Plan, Hyderabad-Indore 4-lane Expressway under Bharatmala Pariyojna, Six-lane Nagpur-Hyderabad -Bengaluru Expressway, Hyderabad Metro Rail Expansion , Musi Riverfront Development Project. Besides these large infra projects, there are two mega greenfield cities projects including Future City over 30000 acres and largest Artificial Intelligence City over 200 Acres along the ORR.

With this massive infrastructure and real estate push in the coming years, Hyderabad’s office and residential real estate are set for a big boost.