Learn more by clicking our most recent Hyderabad MarketBeat reports on the various sectors below.
Hyderabad MarketBeat Reports
03/07/2024
Cushman & Wakefield MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS
Hyderabad Office Report
Gross leasing volume (GLV) in Hyderabad stood at 2.5 MSF. H1 2024 GLV reached 5.0 MSF, a 40% increase compared to Q2 2023. Mid-sized office spaces (25,000-99,999 sq ft) comprised 48% of deals, compared to 26% in H1 2023. IT-BPM sector led with 36% share followed by BFSI sector (29% share) and flexible workspaces (17% share). Influx of ~ 2.7 MSF of new supply was witnessed during the quarter. Rental rates in Madhapur submarket surged due to rental increase in premium development, while Gachibowli remained stable on a q-o-q basis.
Hyderabad Retail Report
Hyderabad's retail sector saw 0.63 MSF of leasing activity, a 29% q-o-q growth. Main streets dominated with leasing activity of 0.55 MSF. 88% of the tenant mix entailed domestic brands. F&B took the lead, capturing a 33% share followed closely by fashion comprising a 30% share. Grade-A mall vacancy rate currently sits at a healthy 4.4%. While mall rentals remained stable, city-wide average rentals on main streets have witnessed a 14% y-o-y increase.
Hyderabad Residential Report
Hyderabad's residential market saw 10,257 unit launches. The western corridor dominated with a 70% share. High-end units led supply with a 41% share. The luxury segment followed, capturing 27% of the launches, primarily concentrated in the western submarket. The mid-segment held a 20% share. Demand suggests a strong preference for spacious living, with 3 BHK units capturing a substantial 68% share of the market. Rental values saw a 2-3% y-o-y increase. Property prices remain largely stable.
Hyderabad Industrial Report
Hyderabad warehousing sector witnessed a sharp decline of 60% from H1 2023 volume and an 80% drop on a y-o-y basis. The second half of the year was slow. Key reason was a drop in mid to large size deals, which drove more than 60% annual leasing activity in previous years. Warehousing demand rose in the northern corridor, making up for 60% of leasing share. Moving ahead, the state government is implementing industrial policies to drive foreign investments likely to be substantiated by Industrial infrastructure planned by the Hyderabad Metropolitan Development Authority.
India Investment Report
The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.
RELATED INSIGHTS
Insights • Investment / Capital Markets
Is India Building Enough to Power Its Digital Transformation?
It is estimated that India will be adding 464 MW of new Colo capacity each year until 2028. Despite this, India still needs to catch up with other comparable nations. We believe that accelerating this pace could unlock significant opportunities for India’s data centre and technology sectors.
27/06/2024
Research • Workplace
Pan India leasing volumes remained strong in Q1 2024, crossing the 20 MSF mark for the third time in the post Covid period. A gross leasing of over 20 MSF for two consecutive quarters is a significant record for the office real estate market, suggesting that activity in India is moving on a higher plane.
14/05/2024
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03/05/2024