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Hyderabad | IT Parks/SEZ Updates

3M views 8K replies 340 participants last post by  mdhar.v12 
#1 · (Edited)
This Thread is about the updates,news... Of IT Park/IT SEZ Project's @Hyderabad
Both(Upcoming & Present)
:)
 
#2,201 ·
This building is picking up speed and is going to add up to the skyline of Hyderabad near Ramky towers... Looks like a world class Hospital... with Care Hospital, Continental Hospital, Citizen Hospital in west Hyderabad, now this new 750 bedded hospital building with 22 resident doctors.... looks like a massive Hospital Building. Lots happening in Hospital Sector.... I heard hospitals have been receiving massive FDI in recent times with 'Care Hospital' receiving more than 1300 crores... Hope they keep the facilities at nominal prices....

Am I dreaming when I think about medical rates being low...Hospital means - Empty patient's bank balance :eek:hno: :eek:hno: :bash:

That land right next to ramky towers was alloted to various hospitals.. I think Asian Institute of Gastroenterology is building a a bigger and better hospital over there..

https://www.google.co.in/url?sa=t&s...YO-0oN-RHzlfQa6Iw&sig2=BdAWMPmoX6MVWhawY9C-lw
 
#2,203 ·
Key Lease Transactions Q2 2016

PROPERTY SF TENANT TRANSACTION TYPE SUBMARKET
Mindspace - Building # 12C
350,000 Amazon Lease Suburban (Madhapur)
Divyasree Orion Block 5
203,000 Salesforce Lease Suburban (Madhapur)
Key Sales Transactions Q2 2016
PROPERTY SF SELLER/BUYER PRICE SUBMARKET
Ramky Selenium
100,000 Individual Investor NA Suburban (Gachibowli)
Ramky Selenium
25,557 CES NA Suburban (Gachibowli)
Key Construction Completions Q2 2016
PROPERTY SF TENANT GRADE SUBMARKET
Divyasree Orion Block 5
986,000 Accenture, NTT Data, Xilinx A Suburban (Madhapur)
Key Projects Under Construction
PROPERTY SF TENANT COMPLETION DATE SUBMARKET
Salarpuria Sattva
1,500,000 NA Q4 2016 Suburban (Madhapur)



http://www.cushmanwakefield.co.in/en-gb/research-and-insight/india/hyderabad-office-snapshot/
 
#2,207 ·
Office space vacancy levels dips to 8 per cent in Hyderabad

http://economictimes.indiatimes.com...er-cent-in-hyderabad/articleshow/53744278.cms


HYDERABAD: Vacancy levels in Grade-A office segment in HYDERABAD has dropped by 200 basis points from last year due to space take up by technology majors such as Amazon, Google, Deloitte and JP Morgan, among others, said property consultant JLL India.

"The vacancy levels dropped to 8 per cent in the first quarter of 2016 from 10 per cent in the corresponding period of 2015. This comes on the back of IT, digital and e-commerce companies announcing huge investment in Hyderabad. Commercial leasing and absorption of Grade-A commercial spaces in Hyderabad has picked up in the same range to 1.2 million square feet ,"said A. Shankar, national director-strategic consulting and head- urban solutions, JLL India.

HITEC City, which has witnessed the highest absorption rate in the past few years, has an office concentration of 27 million sft (including campuses) and accounts for about 60 per cent of Hyderabad's total office stock, followed by Gachibowli with a 30 per cent share.

HITEC City and Gachibowli command an average rental rate of Rs 48-55 an sft per month. The average lease rental in Hyderabad is recorded to be Rs 55 an sft per month, which has been on an upward trend in the first quarter from Rs 52-53 levels.

Locations such as Gachibowli, Madhapur, HITEC City, Kondapur and Nanakramguda are expected to witness strong demand as the city emerges as a stronger business destination with nominal rental values.
Further, these locations are being developed as commercial hubs with quality residential supply. Central Business District and Secondary Business District are the developed commercial corridors of the city, with a forecast of an increase in supply by approximately 1.5 lakh sft of office space by 2018.
 
#2,208 ·
Blackstone JV in $750m office space build-up

The world's largest private equity manager Blackstone's Indian real estate joint venture Embassy Office Parks will invest $750 million, or around Rs 5000 crore, in the next three years as technology services boost office space absorption in cities such as Bengaluru, Hyderabad, Chennai and Pune.
The equal joint venture between Blackstone and property developer Embassy Group will build additional 16.5 million sqft office supply across these four cities mostly through debt financing, Mike Holland, CEO, Embassy Office Parks told TOI. Robust demand and supply constraints have seen vacancy levels dipping to 4.1% in Bengaluru and 5% in Pune. This is in stark contrast to Delhi and Mumbai markets where vacancy levels are at 32% and 19.5% respectively , industry data showed. Embassy Office Parks currently has operates a leased portfolio of 20 million sqft and plans to almost double this in the next three to five years, making it probably the biggest ongoing capex program in Indian commercial real estate. More than 2.3 lakh people -mostly from MNCs and well funded Indian startups -work from the company's current office portfolio at present.

“The big landlords will want to optimize their returns in markets like Bengaluru, Pune and Chennai which has tight inventories leading to a run up in rentals,“ Holland said. “Bengaluru is maintaining the momentum after record absorption last year, while Chennai and Pune will benefit from limited upcoming supplies,“ he added.MNC occupiers will have their eyes on Hyderabad which has the biggest upcoming supply among the four above mentioned cities.

Bengaluru was on track to lease 10.5 million sqft this calendar on par with a five year average. Hyderabad will see activity rising 40% to 6.5 milion sqft, while leasing in Chennai and Pune will increase marginally to 4.5 million sqft each. Hyderabad is buoyed by new announcements from names such as Uber and Apple even as lower costs, better infrastructure and a proactive government are top draws.Bengaluru benefits from largest pool of tech workers, R&D work and the larger consumer internet companies.
 
#2,209 ·
Naviz sets up business intelligence R&D lab in Hyderabad


Naviz Analytics on Saturday announced the launch of a business intelligence (BI) research and development lab in New Delhi and said it plans to create over 500 jobs by 2018.

The business intelligence product and services company currently caters to Fortune 500 firms and is engaged in multiple analytics projects of clients in US and India.

Telangana IT Secretary Jayesh Ranjan formally launched the services at Naviz's premises in Madhapur, a company release said in Hyderabad.

The company said it was first such BI research and development lab in the country. Jagan Chitiprolu, Chairman and CFO, and Shashi Koteshwara, CEO of the analytics company, were present on the occasion.

Chitiprolu said "We realised Hyderabad is the place for technology hub with high value and low-cost human resources. Hence, we decided to construct a dedicated offshore BI R&D lab at Hyderabad.

https://www.google.co.in/amp/wap.bu...-116082000726_1.html?client=ms-android-lenovo
 
#2,210 ·
AGS Health opens new facility in Hyderabad

AGS Health, a global provider of revenue cycle, healthcare analytics and medical coding services to leading US healthcare providers, on Wednesday opened a new facility in Hyderabad.

Located at Western Pearl in Hitec City, this is the company's largest delivery centre with a capacity to seat over 1,000 employees.


Devendra Saharia, CEO and Co-Founder, AGS Health told reporters that the company, which has 50 employees at its existing facility here, will hire 1,500 employees over the next one year.

The company invested $3 million in the Hyderabad centre. He said AGS has so far invested $10 million in India and plans to invest another $15 million in the next few years.

Started in 2011, AGS Health has facilities in Chennai, Hyderabad, Vellore and Noida. It has over 5,000 employees and 50 clients who are all from the US.

The new office will also be hosting a world class 90 seat in-house training academy and a dedicated 150-seat cutting-edge recruitment centre.

Saharia said as a pioneer in bringing offshore Revenue Cycle Management (RCM) and healthcare analytics to the mainstream, AGS Health continues to be a market leader, servicing the $30 billion US RCM industry.

"The new state-of-the-art facility will help the company service their growing base of blue chip clients, while expanding their national footprint to access the best and brightest talent in and around Hyderabad. The entire healthcare revenue cycle market in India today employs about 50,000 people," he added.

http://www.business-standard.com/ar...new-facility-in-hyderabad-116081701560_1.html
 
#2,211 ·
CGS expands its operations in Hyderabad

CGS, a global provider of business applications, enterprise learning and outsourcing services, today announced the expansion of its activities in India by opening its new office in Hyderabad. This expansion will support CGS’s growing list of global clients.

Known as one of the premier technology destinations in India, Hyderabadoffers CGS a direct link to thecountry’sIT ecosystem. The new world-class office, which nearly doubles the company’s capacity in the region, supports CGS’s worldwide growth by adding new product lines for software development and support.“We are delighted that CGS India has shown remarkable growth over the last many years, and is moving into its new facility. Hyderabad's prowess in Information Technology is now renowned the world over, and we see more and more marquee names choosing this city over others to set up their units here,” said Jayesh Ranjan,Secretary to the Government of Telangana for InformationTechnology,Electronics and Communications.

“CGS too is a marquee company serving the fashion/apparel vertical, and its significant presence in Hyderabad is a matter of pride for us. The Government of Telangana reiterates its commitment to fully support the growth of CGS India and have a long-lasting partnership with it.”“We have been operating in Hyderabad since more than a decade and with our continued employee growth, this new facility offers us more than added space – it brings us inclose proximity tothe heart of the high-tech city area,” said Jithendra “Jithu” Rao Battu, country manager, CGS India. “We are expecting to leverage the domestic talent pool and grow our team multi-foldin the next 12 to 18 months to support our global growth.”

The CGSHyderabad teamoffers Application Development & Maintenance (ADM) and Software Quality Assurance (SQA) services for the BlueCherry suite of software solutions. The CGS India officealso provides around-the-clockRemote Infrastructure Management Services to clients that host CGS solutions via the CGS private cloud or delivered through our Remote Monitoring and Management offering.“With over 30 years of experience in delivering best-in-class applications, CGS prides itself on building strong client relationships by providingworld-class services,” said Phil Friedman, president and CEO, CGS.“We hire the best and the brightest software engineers who perform challenging and interesting software development using state-of-the-art tools and methodologies.”


http://www.indiainfoline.com/articl...s-operations-in-hyderabad-116081700411_1.html
 
#2,216 ·
Is this DLF expansion???

Yes, this is the narrow stretch towards to DLF to Gachabowli road. Beside DLF some constructions going on for a long time. not sure whether its a DLF expansion or any commercial project. Even there is no project plan in DLF website too..

Does anyone has idea about this construction..

Is it the narrow stretch of building ? It is seen from the Gachibowli road side.
 
#2,220 ·
http://www.livemint.com/Companies/p...F-looks-to-expand-office-space-portfolio.html



Bengaluru: DLF Ltd, India’s largest property developer by market value, plans to add 2-3 million sq. ft of office space every year to its rental portfolio after significantly slowing down on residential project launches.

For its office projects, DLF will focus on four key markets—its home base Gurgaon, Chennai, Hyderabad and Pune—over the next few years to build new projects as well expand existing projects.

DLF is seeking to replicate its success in building a nearly 30 million sq. ft commercial office portfolio over the last decade.

“The growth opportunities for the company’s office business will be strategic and organic for both existing and new projects, and not exponential growth,” said Amit Grover, national director–offices, DLF.

“We have almost 650 corporate clients across our office space and need about 2 million sq. ft of new space every year just to accommodate the existing clients’ growth,” Grover said.

Grover said demand for commercial office space has matured over time, and today, it is more project- and location-specific.

DLF’s leased office portfolio of about 30 million sq. ft is next only to global investor Blackstone Group LP’s 50 million sq. ft of office area in the country, spanning 16 assets in five cities. These offices house over 250,000 employees of more than 200 Indian and global multi-national companies.

This year, DLF has started work on a 2 million sq. ft office project in Gurgaon and will add 1 million sq. ft to its information technology (IT) park in Chennai.

Next year, it will add another 1.5 million sq. ft to its Hyderabad project and about 800,000 sq. ft will be completed in its 29-acre Hinjewadi special economic zone (SEZ) in Pune.

The firm’s move to build new space is strategic and comes at a time when the commercial office space sector is performing far better than its residential counterpart. Not only have lease transactions been steadily even in the two-year long slowdown, property analysts expect demand for good quality office space to only rise.

“Over the last two years, growth in commercial real estate has been coming back as we see companies expanding and leasing momentum getting better. We are hoping to see the office sector driving the revival in residential real estate as well,” said Manish Aggarwal, managing director-NCR at property advisory Cushman & Wakefield India. NCR is short for National Capital Region centred on Delhi.

DLF has also sought expressions of interest from top investors to sell a 40% stake in its rental assets arm as it seeks to pare debt, Mint reported on 11 April. The company had Rs.21,396 crore of debt as of 31 December.

The rental assets arm holds about 20 million sq. ft of leased-out office space and is valued at about $2 billion. Discussions are currently on between the developer and potential investors.

Considering the size of the portfolio, more than a single investor may buy stakes in the office rental unit.
 
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