Savills India | Hyderabad is surging ahead as the economic powerhouse of India | Press Release & Report

 

Savills India, India’s premier professional international property consulting firm. 

We are delighted to share Savills India's latest report titled - “Hyderabad: The Sprint”. Enclosed in this email are the press release, report, and report launch photograph for your perusal.

• UK Headquartered Real Estate Services Giant, Savills says Hyderabad is surging ahead as the economic powerhouse of India, releases the report “Hyderabad: The Sprint”
• Mark Ridley, global CEO of Savills says that Hyderabad is a Megapolis in the making.
• Christian Mancini, APAC CEO (ex Greater China) of Savills says that Hyderabad has emerged as the most promising and significant cities of the decade
• Minister KTR reacts to the report, saying the Government is committed to creating the best in class business hub for the next several generations.

Please find below a few key highlights for your quick reference :

• Hyderabad has been on the top in terms of office leasing activity.
• Residential real estate has been strong, with the city registering the highest housing sales in 2022 in the last 8 years. 
• In the retail segment too, annual supply addition increased for the first time since 2018, as 2022 witnessed around 1 mn sq. ft. of supply infusion. As of Dec 2022, Hyderabad had around 8% share in the operational mall stock of India.
• Data centres, the sunrise sub-sector within real estate, have emerged as a favourite asset class for investors. Of the 500 acres of data centre related land transactions in 2022 in the country, around 26% came from Hyderabad.
• The economic success story of Hyderabad has been highly based on the key factors – Policy Push, Infrastructure, Affordability, Human Capital, Sectoral Focus