Business News

Large tech companies are betting big on the Hyderabad property market with the city contributing 14% of the total office space absorption in the first nine months of this year. The city, in which Microsoft and Facebook have their Indian headquarters, is now seeing the entry of new companies with large campusesConcentration in key hubs Hitech City Gachibowli Raidurg115343644Captive centres Large MNCs Google, Cognizant and HCLImportant sectors IT/ITeS Software development Tech R&D115343665200-acre AI cluster announced by Telangana govtCustom-built campuses R&D, IT, and corp functions require specific needsCollaborative ecosystem Influx of MNCs helping to foster a collaborative biz ecosystem, attracting other global players and boosting Hyderabad’s status as a tech hubEmerging trends Emphasis on sustainability, hybrid work models, and tech-enabled spaces