Hyderabad-based CtrlS Datacenters Ltd. has acquired a land parcel worth INR 400 crore in Patna to develop a new data center with a 10MW IT load capacity, capable of housing over 1,000 racks. This will be the company's second facility in Patna, located just 300 meters from its existing DC1 center. Facilitated by the Bihar Industrial Area Development Authority (BIADA), this expansion underscores CtrlS's commitment to growing its presence in Patna. The company, one of Asia's largest rated-4 datacenter operators, aims to establish over 20 Edge Data Centers across Tier-2 and Tier-3 cities. Founder and CEO Sridhar Pinnapureddy highlighted the project's potential to attract investment and create employment in Bihar, praising the state government's supportive policies. CtrlS also has ambitious expansion plans across India, including a INR 2,200 crore project in Kolkata and a recent DC-3 launch in Hyderabad.Read more

In June 2024, Hyderabad recorded its second-highest monthly-residential-sales, with home registrations worth INR 4,288 crore, a 48% YoY and 14% MoM increase. The city registered 7,014 units, up 26% YoY and 16% MoM. From January to June 2024, 39,220 properties were registered, a 15% YoY rise, valued at INR 24,287 crore, a 39% increase. The average home cost rose 21% YoY. Properties under INR 50 lakhs saw a decline in registrations, while those over INR 1 crore rose to 14%. Demand for homes sized 1,000-2,000 sq-ft dominated, with larger properties also seeing increased interest.Read more

Hyderabad's ambitious Musi River revitalization project is hindered by extensive development within its 50-metre buffer zone, surpassing earlier limits. This zone, crucial for river protection, hosts 12,000 buildings and 200 open plots, including apartments, gated communities, houses, and graveyards. The Musi Riverfront Development Corporation (MRDCL) is mapping these encroachments, crucial for restoration plans. Chief Minister K. Chandrashekhar Rao plans discussions with local legislators for support in acquiring affected properties. While removal is essential, fair compensation and rehabilitation are planned, including potential 2BHK apartments for affected families. Balancing development needs with environmental restoration remains pivotal for project success.Read more

Hyderabad is becoming a major hub for global BFSI (banking, financial services, and insurance) companies, with several significant acquisitions in the first half of 2024. Notable transactions include Cigna Healthcare securing approximately 900,000 sq ft and Metlife obtaining around 250,000 sq ft of office space. Companies like DTCC and Ameriprise have also established smaller spaces. SwissRe and Lloyds Bank expanded their existing footprints. The BFSI sector has become one of the top three office space occupiers in H1 2024, accounting for 30% of the share, driven by Hyderabad's strategic location and skilled talent pool.Read more

Hyderabad is undergoing a monumental transformation aimed at positioning itself as a global city, driven by ambitious developmental initiatives under Telangana Chief Minister A Revanth Reddy's leadership. Key projects like the Musi Riverfront Development, Regional Ring Road (RRR), and Metro Rail expansion are pivotal in enhancing infrastructure and attracting global investments. Discussions with Cushman and Wakefield Asia Pacific highlighted Hyderabad's robust growth across real estate sectors, underscoring its emergence as a top destination for commercial and residential developments. With a focus on sustainability and strategic partnerships, Hyderabad aims to set new benchmarks in urban development, fostering economic prosperity and improving residents' quality of life.Read more

The Telangana High Court has issued notices to the collector and registrar of Medchal Malkajgiri district concerning a potential land encroachment case. This action follows a Public Interest Litigation (PIL) by Gadeela Raghuveer Reddy, alleging misuse of a 10-acre government plot in Bowrampet, Dundigal. The PIL claims private individuals have illegally registered their names in revenue records and received approvals for commercial use. The High Court has directed the authorities and the accused to respond within two weeks, highlighting the need for strict land use regulations and preventing government property encroachment. The case's outcome could impact regional land management practices.Read more

The Telangana government is crafting an ambitious master plan for the Hyderabad Metropolitan Region (HMR) aimed at guiding development until 2050. With a budget of INR 6.5 crore, the plan focuses on economic growth, transportation infrastructure, and environmental sustainability. Separate consultants are developing sub-plans: a INR 2 crore Economic Development Plan, a INR 3 crore Comprehensive Mobility Plan, and a INR 1.5 crore Blue & Green Infrastructure plan. This initiative targets phased improvements across three zones, emphasising well-balanced urban expansion and sustainable growth, ensuring Hyderabad evolves into a major economic and cultural hub.Read more

As Hyderabad's IT sector thrives, multinational companies are seizing the opportunity, leasing over 8.7 lakh square feet of office space across the city. Key players include Qualcomm, LTIMindtree, IBM India, and S&P Capital IQ India. Qualcomm leads with 4.14 lakh sq. ft in Hitech City's Skyview, followed by IBM India and S&P Capital IQ India in the same building. LTIMindtree secures 1.09 lakh sq. ft. These five-year leases with built-in rent increases signify the city's robust commercial real estate market. Moreover, Hyderabad's residential sector, particularly in West Hyderabad, has witnessed a significant uptick, underlining the city's promising growth trajectory.Read more

Kothaguda, located in the western part of Hyderabad, is a rapidly developing suburban locality known for its excellent connectivity and modern amenities. The area offers a wide range of housing options, from luxurious gated communities to budget-friendly apartments, catering to diverse preferences and budgets. In April, Bollineni Bion led real estate transactions, highlighting the area's appeal to both luxury and value-conscious buyers. With its strategic location along the Outer Ring Road, proximity to schools, hospitals, and shopping centers, and a blend of urban and natural environments, Kothaguda is poised to become a prime residential hub in Hyderabad.Read more

Nilima Prasad Divi, daughter of Divi's Laboratories founder, Murali Divi, has purchased two properties in Hyderabad's Jubilee Hills for INR 80 crore. Each plot measures 11,043 square feet, bought at INR 40 crore apiece. This transaction highlights Jubilee Hills' premium real estate market, where land prices range from INR 25,000 to INR 35,000 per square foot. The area's exclusivity, with low-density neighbourhoods and large plots, attracts affluent buyers. This trend aligns with increased luxury real estate investments in India's major cities, driven by the rising number of high-net-worth individuals seeking spacious, luxurious living environments.Read more

Truliv, Tamil Nadu's largest co-living startup and a subsidiary of DRA Homes, achieved 250% revenue growth in FY 2023-2024, reaching INR 16 crore. The company aims to add 3,500 more beds in FY 2024-2025 to maintain its market leadership. Truliv's success is driven by its build-to-suit designs, premium amenities, and technology-driven processes. Operating at full capacity, its 22 properties and 7 holiday homes cater to millennials and young professionals. With a 95% occupancy rate and strategic expansion plans in western and southern markets, Truliv targets a INR 50 crore topline in FY 2024-2025. The startup secured USD 1.5 million in pre-seed funding in June 2023.Read more

Hyderabad's prominent IT park, Waverock, has changed ownership once again. A joint venture between Shapoorji Pallonji Group and Allianz Real Estate (SPREF II) exited their investment in the property, selling it for approximately INR 2,200 crore. Waverock, a Grade-A IT SEZ located in Gachibowli, spans 2.4 million square feet and houses major tech companies like Apple. This transaction, involving a new joint venture of global institutional investors, including GIC and Xander Group, marks Waverock's third ownership change in recent years. The deal underscores the continued attractiveness of India's real estate market and Hyderabad's thriving IT sector.Read more

Aparna Constructions and Estates has ventured into the retail and entertainment sectors, investing INR 284 crore in Hyderabad. The company has allocated INR 252 crore to develop Aparna Neo Mall and INR 32 crore for Aparna Cinemas. The mall, located in Nallagandla, spans 3.67 acres and is set to open on May 31, 2024. Director Rakesh Reddy announced plans for four more malls featuring Aparna Cinemas across Telangana and Andhra Pradesh by 2027. Aparna's residential and commercial portfolios are also experiencing annual growth of 20% and 10%, respectively.Read more

Navanaami Projects Private Ltd., a Hyderabad-based real estate developer, has unveiled its flagship luxury residential project, The Megaleio, at a gala event. With an investment of INR 900 crore (USD 108 million), The Megaleio targets high-net-worth individuals (HNIs) and ultra-HNIs. Featuring units priced between INR 8 crore and INR 12 crore, 20% of the units are already sold, reflecting strong demand. Located in Appa Junction Peerancheru, the project boasts two 50-floor towers with 150 opulent residences. The development emphasizes luxury and sustainability, offering unique amenities like branded kitchens, home automation, and EV charging facilities.Read more

Microsoft Corporation has significantly expanded its data centre footprint in India with a strategic land acquisition in Hyderabad, Telangana. The acquisition of 48 acres of land in the Ranga Reddy district, valued at INR 267 crore, marks a substantial investment by Microsoft in the Indian data centre market. This move reflects Microsoft's commitment to meeting the growing demand for cloud computing solutions in India. With existing data centres in Pune, Mumbai, and Chennai, the addition of the Hyderabad data centre strengthens Microsoft's ability to support its cloud services and products across the country. Moreover, Microsoft's expanding presence in Hyderabad, including potential further data centre development and investment in flexible workspaces, highlights its long-term commitment to the Indian market and its role in India's digital transformation journey.Read more

Gachibowli, located in the western part of Hyderabad, Telangana, has rapidly evolved into a prime residential and commercial hub. Renowned for its well-planned infrastructure and proximity to major IT parks, it offers a variety of housing options, from high-rise apartments to independent villas, catering to diverse budgets and preferences. The area is self-sustaining with excellent educational institutions, healthcare facilities, shopping malls, and recreational spaces. In April, Jains Carlton Creek was the top-selling building with 4 deals, reflecting the locality's popularity. The varied apartment sizes and prices ensure Gachibowli accommodates everyone from luxury buyers to value-conscious homebuyers. The thriving real estate activity underscores Gachibowli's status as a desirable modern urban living destination.Read more

CapitaLand India Trust (CLINT), a Singapore-based REIT, expands its presence in Hyderabad's IT hub by acquiring 2.5 million sq. ft. of office space in HITEC City. The forward purchase agreement with Phoenix Group secures prime assets in a location with strong leasing demand. CLINT's phased investment approach strategically manages cash flow while benefiting from the area's growth potential. CEO Sanjeev Dasgupta highlights the strategic value of the acquisition, building on CLINT's successful track record in Hyderabad. This move highlights Hyderabad's appeal to major investors, driven by world-class infrastructure, SEZs, a skilled workforce, and government support, ensuring continued growth and innovation in HITEC City.Read more

UrbanWrk inaugurated a cutting-edge workspace spanning 50,000 sq ft at Raheja Mindspace, Hi-Tech City, Hyderabad, catering to enterprises with 50-500 employees. The design emphasises functionality and elegance, featuring a minimalist aesthetic with wooden rafters guiding visitors to various sections. With Hyderabad's flexi space market accounting for 6% of India's total, UrbanWrk's strategic move anticipates the city's entrepreneurial growth. Anuj Munot, Co-Founder and CEO, highlights the space's appeal to professionals and businesses seeking adaptability. With tech, BFSI, and flex spaces driving demand, Hyderabad's diverse industry landscape positions it for sustained flexi workspace growth, aligning with UrbanWrk's expansion strategy.Read more

E-infra, a prominent developer with a vast portfolio, has teamed up with Hero FinCorp to develop Elegant Nivasa, a luxury residential project in Hyderabad's prime location of Tellapur. Spread across 4 acres, the project comprises three 23-floor towers offering spacious apartments ranging from 1375 to 2205 sq. ft. With a lavish clubhouse and HMDA approval, Elegant Nivasa promises a luxurious lifestyle adhering to all regulations. This partnership aims to achieve a turnover of INR 300 crore in three years, supported by Hero FinCorp's financial expertise. Both parties' express enthusiasm for the collaboration, emphasizing luxury living, architectural finesse, and community building.Read more

In March 2024, Hyderabad witnessed a decline of 8% in residential property registrations, totaling 6,416 properties, although the total value surged by 12% year-on-year to INR 4,039 crore. The most common price range was between INR 25-50 lakhs, constituting 45% of registrations, while properties over INR 1 crore saw a significant increase to 16%. Apartments sized 1,000-2,000 sq ft dominated registrations, comprising 70% of the total. Rangareddy district led registrations with 46%, followed by Medchal-Malkajgiri at 40%. The weighted average transaction price rose by 12% year-on-year, with plush properties over 3,000 sq ft and valued upwards of INR 5.3 crores dominating the top deals. Q1 2024 launches primarily focused on 2-BHK and 3-BHK units. This underscores the dynamic nature of real estate demand and supply in Hyderabad, with developers adapting their strategies to meet changing preferences.Read more