ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Residential demand upbeat despite construction cost, interest rate rise; brokerage picks DLF, Oberoi Realty among top 4 bets
  • Copper Set to Post Worst Quarterly Performance in Over 2 Years
  • Maruti Suzuki Brezza 2022: Launch today! Check key highlights; live streaming link here
  • Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more
  • Ratnamani Metals bonus share: Stock jumps 15%, hits 52-week high ahead of record date
Read in App
Business News » India News

Hyderabad sees highest 8 per cent rise in office rent during Oct-Dec 2018, says study

The OMR Post Toll region in Chennai witnessed a rental increase of 10  per cent .

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Hyderabad sees highest 8 per cent rise in office rent during Oct-Dec 2018, says study
Hosur Road in Bengaluru witnessed a YoY rental increase of 8.1 per cent in Q4 2018. Reuters

Office rentals rose the most in Hyderabad during the fourth quarter of 2018 at 8 per cent, followed by Bengaluru with a 5 per cent rise, property consultant Colliers said Wednesday.The consultant found that key locations in Bengaluru, Hyderabad, Chennai and Kolkata made it to the list of top 10 micro markets, which witnessed maximum rental increase in the range of 7.1-16.3 per cent during October-December 2018.

"In Q4, the overall rental values increased by 2.5 per cent YoY (year-on-year) across major cities against a backdrop of buoyant leasing and decline in new supply," said Ritesh Sachdev, Senior Executive Director (Occupier Services), Colliers International India. Hyderabad noted the highest increase in rental values at 8 per cent followed by Bengaluru where rents climbed by 5 per cent, he added.

"India witnessed a gross leasing activity amounting to 50 million sq ft in 2018 across major seven cities, highest in past eight years driven by buoyant leasing in Bengaluru and Delhi-NCR," Colliers said.Office space leasing increased by 17 per cent as occupiers continued to expand and consolidate. However, new supply in 2018 fell by 20 per cent due to construction delay.

Among top 10 micromarkets that saw rise in office rent, Colliers said that Bengaluru's EPIP Zone/Whitefield EPIP Zone/ Whitefield witnessed a YoY rental increase of 16.3 per cent, followed by central business district (CBD) of Hyderabad with 15.8 per cent rise in rentals.

Bengaluru's Bannerghatta Road witnessed a rental increase of 13.8 per cent, with rents equating to Rs 70-95 per sq ft per month at the end of December 2018. This is predominantly attributed to low vacancy levels and no visibility on upcoming supply.

Kolkata's CBD recorded a rental increase of 10.5 per cent. The companies in the banking sector expanded their office space in this micromarket in Q4 2018. "In our opinion, no new supply in the last three years, traction from the BFSI sector and proximity to the airport are the key driving forces behind the micromarket's increased rental growth," it added.

The OMR Post Toll region in Chennai witnessed a rental increase of 10 per cent.

The rentals in Hyderabad's peripheral business district (PBD), comprising areas like Pocharam, Uppaland and Shamshabad, is catering to occupiers looking for new Grade A facilities and IT parks. Low supply and high demand in this micromarket resulted in an annual rental increase of 9.1 per cent in Q4 2018, Colliers said.

Hyderabad's secondary business district (SBD) continued to be the most preferred micromarket in Q4 2018, accounting for 91 per cent of the total office leasing the city. SBD recorded a rental increase of 8.3 per cent.

Hosur Road in Bengaluru witnessed a YoY rental increase of 8.1 per cent in Q4 2018.

Watch This Zee Business Video

"This is an emerging IT/ITeS micromarket in Bengaluru with competitive rental rates primarily owing to its strategic location," it added.

The rentals in Bengaluru's electronic city rose by 7.5 per cent, while outer ring road (KR Puram-Hebbal) saw an increase of 7.1 per cent, according to Colliers.

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Hyderabad
Written By: PTI
Updated: Wed, Feb 20, 2019
01:41 pm
New Delhi, PTI
RELATED NEWS
Rajya Sabha MP Dr Subhash Chandra addresses seminar at IIIT Hyderabad, lays emphasis on strengthening of villages Rajya Sabha MP Dr Subhash Chandra addresses seminar at IIIT Hyderabad, lays emphasis on strengthening of villages
Hyderabad citizens alert! you need e-PASS to commute after 10 am; here is how you can get it Hyderabad citizens alert! you need e-PASS to commute after 10 am; here is how you can get it
FULL DETAILS - Telangana lockdown news today 2021: BIG DECISION by KCR government! Know about timings, dates and more FULL DETAILS - Telangana lockdown news today 2021: BIG DECISION by KCR government! Know about timings, dates and more
Housing sales in Mumbai rises 49% year-on-year in Jan-Mar 2021; Pune clocks 75% growth - Check Knight Frank India report Housing sales in Mumbai rises 49% year-on-year in Jan-Mar 2021; Pune clocks 75% growth - Check Knight Frank India report
GHMC Mayor, Deputy Mayor 2021 Elections Results: DECLARED! Check final names, full details GHMC Mayor, Deputy Mayor 2021 Elections Results: DECLARED! Check final names, full details

LATEST NEWS

Garmin Forerunner 955 Solar, Forerunner 255 series smartwatches launched in India - Check price & availability

Andhra Pradesh, Gujarat, Haryana, Karnataka, Punjab, Tamil Nadu and Telangana are the Top Achievers in BRAP 2020

Gold Price Today: Weaker Rupee to hold yellow metal slide domestically, amid strengthening Dollar; analyst suggests strategy

47th GST Council Meeting Outcome News: All you need to know about result of Chandigarh meet

FIIs monthly selling highest in June so far since November 2020, but is it nearing exhaustion? Details

2022 Maruti Suzuki BREZZA: Maruti Suzuki launches New Brezza today, Check price, features, and more

Realme GT NEO 3 150W Thor Love and Thunder Limited Edition India launch on July 7 - Check details

Nothing Phone 1 confirmed to come with Snapdragon 778G+ SoC on July 12 - Know more

Indian cyber agency warns users of more bugs in Cisco products

Active Covid caseload in India crosses 1L-mark after 4 months

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV