Hyderabad is experiencing an unprecedented real estate boom, with a record 17 million square feet of Grade A/A+ office space added in 2024, making it the fastest expansion ever in a single year. The Confederation of Real Estate Developers’ Associations of India (CREDAI) Hyderabad and CRE Matrix report that the city leased 13 million square feet of Grade A office space, accounting for 17% of total annual leasing across India. “This clearly demonstrates phenomenal overall growth in Hyderabad, not only in the office market but also in the housing sector,” said Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix.

The residential sector is also experiencing significant momentum, with unsold inventory declining by 14% in Q4 2024 compared to the previous year, bringing the overhang down to 19 months. Meanwhile, property prices have surged by 17%, signalling robust demand. Despite this positive trend, primary home sales dipped by 9% in value in Q4 2024. However, Hyderabad still led metro cities in total new home sales, surpassing Mumbai with a total sales value of ₹1.15 lakh crore. The northwest region, including Madhapur, Tellapur, Miyapur, Patancheru, and Serilingampally, dominated the market, contributing 64% of the total sales value.

Hyderabad’s commercial real estate sector is remarkably transforming, particularly in coworking spaces. Demand for flexible offices has surged by 26%, reflecting the growing preference for hybrid work models. “Hyderabad’s commercial real estate market remains on a strong growth trajectory, with a 2.2x increase in large office transactions,” noted Jagannath Rao Bandari, general secretary of CREDAI Hyderabad. This shift highlights the city’s evolving business landscape, where startups, freelancers, and enterprises increasingly opt for cost-effective, scalable workspaces.

Industry experts believe Hyderabad’s rise as a commercial hub is driven by favourable government policies, infrastructure growth, and its appeal to IT and multinational firms. “The Hyderabad housing market reflects strong buyer confidence. The builders are also coming up with good projects in East Hyderabad,” said V. Rajashekar Reddy, president of CREDAI Hyderabad.

With such rapid expansion, Hyderabad is cementing itself as one of India’s most dynamic cities for real estate investment and commercial activity. As the demand for flexible office spaces continues to rise, coworking operators are poised to play a crucial role in shaping the city’s evolving workspace ecosystem.