Hyderabad, December 11, 2017: CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm today announced the strengthening of its operations in Hyderabad with the launch of a new office. The new facility was inaugurated by Mr. KT Rama Rao, Honorable Cabinet Minister for IT E&C, MAUD, Industries & Commerce, Mines & Geology, Public Enterprises and NRI Affairs, Telangana. He was joined by Mr. Anshuman Magazine, Chairman, India & South East Asia CBRE along with other members of the firms India leadership team. With over 700 professionals CBRE is the current market leader across all segments of real estate consulting including Office, Retail, Project Management and Asset Services. Over the next two years, CBRE aims to double its employee strength to provide enhanced services to developers, occupiers, Investors and end-users.
Speaking at the inaugural, Honorable Cabinet Minister for IT E&C, MAUD, Industries & Commerce, Mines & Geology, Public Enterprises and NRI Affairs, Telangana, Mr. KT Rama Rao said, “CBRE has recognized the potential of the city and is focused on strengthening its footprint here. I extend the support of the government to CBRE to take strong steps in further strengthening the State of Telangana as a preferred destination for business and employment. We should jointly strategize in attracting more corporates which are looking at the state of Telangana with a lot of optimism and more importantly work very closely in converting the intent for investment for India and Telangana.
Mr. Anshuman Magazine, Chairman, India & South East Asia, CBRE said, “Hyderabad is fast emerging as South India’s realty hotspot. Political stability, the state government’s proactive policies, growing occupier demand, improved infrastructure, quality educational institutions and the availability of a large talent pool have helped bring back attention to the city’s real estate market. Understanding this growing opportunity, we have expanded our presence in the city to provide enhanced services for all our existing and potential clients. With the overall real estate sector witnessing significant growth, a strong track record as well as a robust team of professionals puts us ahead of the curve in terms of effectively addressing the requirements of our clients.”
As India’s next IT/ITeS hub and a prime industrial corridor for Southern India, Hyderabad’s real estate segment has been evolving by leaps and bounds in recent years. Apart from a robust commercial and industrial landscape, the city’s retail segment has also witnessed enhanced activity off late with organized retail stock to touch 10 million sq. ft. by 2019.
Hyderabad growth drivers:
• Sustained occupier interest driving Hyderabad’s office
• Organised retail stock to touch ~10 mn sq.ft. by 2019
• Considered as one of the most affordable residential
markets as compared to other cities in South India
• Fast Developing Social Infrastructure
• Logistics and Warehousing demand witnessed 93% y-o-y
growth in 2016
• Proactive Government measures propelling the sector
• Robust physical infrastructure development
The Telangana Government has been quick to initiate reforms to build capacities in key cities in the state and attract investments into key sectors. Recognizing the contribution that the IT/ITeS sector makes to the state’s economic growth, the Telangana Information and Communication Technology (ICT) Policy Framework 2016 was released by the new government which covers various sub-sectors within the IT sector such as Electronics Policy, Innovation Policy, Data Center Policy, Gaming & Animation Policy, etc. Additionally, the Industrial Policy Framework 2014 identified ‘Transportation/Logistic Hub/Inland Port/Container Depot’ as one of the 14 thrust areas to be given high priority for investment in Telangana. The framework included incentives such as preferential land allocation, project support basis investment, proposed industrial parks and townships, fast-track approval mechanisms and tax sops/subsidies. Additionally, Hyderabad has witnessed significant infrastructure developments including the Hyderabad metro, multi-level flyovers, electronic manufacturing clusters and an Integrated Pharma city over the past two years. These policies, reforms and developments are aimed at attracting more investments into the city.
Traditionally recognized as an office market, Hyderabad is witnessing renewed interest for Residential, Retail and Industrial & Logistics space in recent years. When compared to other South markets such as Bangalore and Chennai, Hyderabad continues to be the most affordable market for residential buyers, especially in the premium/luxury and high-end/mid-end segments.