India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Despite concerns over recent US tariffs, Hyderabad’s commercial real estate sector remains robust and resilient. Industry experts gathered at IKON 2025 highlighted Hyderabad’s emergence as a leading destination for Global Capability Centres (GCCs), driven by a skilled workforce, strong infrastructure, and favourable government policies. The city is poised for growth in office space demand, especially from the pharmaceutical and defence sectors, alongside rising interest in flexible workspace solutions.
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Microsoft India has signed a major office lease agreement for 264,000 square feet in Hyderabad’s financial district, marking a significant expansion of its presence in the city. With a five-year term, the deal features an annual rent escalation and demonstrates the growing demand for office spaces in Hyderabad’s thriving tech sector.
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iKeva has rolled out its Virtual Office Solutions and On-Demand Workspaces across Hyderabad’s leading business districts, giving entrepreneurs, startups, and corporates flexible, cost-efficient ways to establish a premium presence without long-term commitments. The launch targets India’s growing hybrid and remote work culture with tailored services for modern professionals.
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K Raheja Corp has leased approximately 4.5 lakh sq ft of premium office space in Hyderabad’s HITEC City, a move signalling steady demand and reaffirming the city’s position as a key commercial hub. The lease underscores continued corporate interest from sectors like IT, fintech, and GCCs.
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Hyderabad posted 2.62 million sq ft in leasing, doubling YoY. Net absorption hit 1.82 million sq ft, led by Healthcare, BFSI, and IT. Madhapur saw the most activity and rent growth. Vacancy held at 23.1%. A large pipeline and Metro expansion support long-term growth, especially in core micro-markets.
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BuzzWorks, the flexible workspace arm of Brigade Group, has signed a 24,000 sq ft lease with Infor India at Auro Orbit, HITEC City, Hyderabad. Designed with an “Urban Forest” theme, the centre supports BuzzWorks’ push to scale to 1 million sq ft and 1 lakh seats across India by 2030.
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