The New Office Capital: Hyderabad Surges Ahead of Bangalore in FY23

Hyderabad, the capital city of Telangana has gradually become one of the most prominent hubs in India for flexible office leasing. The demand for these advanced office spaces in Hyderabad has been skyrocketing because the city has undergone significant infrastructural development and maintenance in the past few years.

According to a research report by ANAROCK, 2023 has so far been an outstanding year for Hyderabad. Up until this point, the city has witnessed a gain in new office space supply of 14.94 million square feet, accounting for a total of 31% of the total supply among the top 7 cities.

Bangalore, on the other hand, registered 12.66 million square feet, which is a 13% decrease from the prior fiscal year. Not only Bangalore, but Hyderabad also surpassed both the NCR (National Capital Region) and MMR (Mumbai Metropolitan Region), which were respectively closed at 8.82 and 4.18 million square feet of new office supply.

New Office Capital: Hyderabad

Also known as the “City of Pearls”, Hyderabad has gradually become a prime alternative for businesses to execute hybrid models and satellite offices. Moving further, we will talk about the benefits of leasing flexible office space in Hyderabad. 

 

5 Benefits of Leasing a Flexible Office Space in Hyderabad

Leasing office space in Hyderabad is indeed beneficial for many different sectors as it can positively accommodate businesses of all sizes. It is a rapidly growing city and a major hub for information technology, pharmaceuticals, e-commerce, manufacturing, and other industries.


Here are some of the advantages of leasing an office space in Hyderabad:


  • Strategic Location:

  • Hyderabad is strategically located in the southern part of India, making it easily accessible for both domestic and international business operations. The city has a well-developed transportation network, including an international airport and good road and rail connectivity along with local support. 


  • Cost-effectiveness: 

  • Leasing an office space can be more cost-effective than buying a property, especially for businesses that are just starting or looking to expand. The initial investment is lower, and you don't have to worry about property maintenance costs or property taxes.  


  • Flexible Lease Terms: 

  • Office space leases in Hyderabad often come with flexible terms, allowing businesses to choose the duration that best fits their needs. This flexibility can be beneficial for startups or businesses with uncertain growth projections. 


  • Availability of Talented Individuals: 

  • Hyderabad is home to numerous renowned educational entities that produce some of the best individuals for the corporate world. The availability of a skilled and educated workforce is one of the elements that attract entrepreneurs to lease flexible office space in Hyderabad. Leasing an office in this city can give businesses access to a pool of talented professionals across various industries. 


  • Business Ecosystem: 

  • Hyderabad has a thriving business ecosystem, with several multinational companies, startups, and tech giants having a presence in the city. Leasing an office space here can provide networking opportunities and potential collaborations with other businesses in the area. 


However, it's essential to conduct thorough research, understand your business requirements, and assess your budget before leasing an office space in Hyderabad or any other city. Additionally, it's a good idea to seek professional advice from a real estate expert or legal advisor to ensure that the lease agreement meets your needs and protects your interests.

 

If you’re looking for flexible office space in Hyderabad, then Smartworks is here to fulfil all your space-related needs. Our office spaces are packed with top-notch amenities that allow the modern-day workforce to process their day-to-day tasks with the utmost efficiency. You can lease a fully furnished office at prime business locations at the given locations:

  1. Purva Summit 
  2. Aurobindo Galaxy
  3. 3A & 3B Mindspace 

So, what are you waiting for? Connect with us today and unlock the true potential of your business.  

Location: Hyderabad, Telangana, India

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