Hitech City in Hyderabad has been in the forefront in demand for office space since last 6-7 years. Recent developments highlight that there is a serious issue about the need and supply balance in Hitech City. Major companies still opt for HitechCity, Rents have increased, however the vacancy level I only 3 per cent. The only other within Hyderabad option is the Financial District. There is about 1.7 million sq ft commercial space available there.
Unlike this other competing cities like NCR, Bangalore, and Chennai have planned multiple choices of office space. Observing the development pattern in these Cities, Hyderabad needs to immediately spread its infrastructure beyond Hitech City and Financial District. As per the analysts and experts, Hyderabad should have atleast three different locations like Hitech City and Financial District.