Hyderabad is the capital of the new Indian state of Telangana and the de jure capital of Andhra Pradesh
Encompasses an area of 650 square kilometres and is the fourth most populous city in India (7.7 million). It is the de facto pharma capital of India; manufactures one third of bulk drugs and 16% of biotechnology products in India. It is one of the world's top global centres for Information Technology and offshoring services. It is the fifth largest contributor to India’s GDP with a 2.2% share
It contributes s 15% of India's and 98% of Telangana’ s exports in IT-ITeS sectors. The city is home to more than 1300 IT/ITeS firms, including global conglomerates such as Microsoft, Apple, Amazon, Google, IBM, Yahoo!, Oracle, Dell, Facebook and major Indian firms including Tech Mahindra, Infosys, Tata Consultancy Services (TCS), Polaris and Wipro.
Hyderabad office market is divided into five submarkets housing one Central Business District, one Secondary Business District, one Suburban submarket with Gachibowli and Hitec city. CBD is an established social infrastructure with huge premium residential catchments. SBD’s are typically where higher asset quality is available as compared to other sub-markets as well as availability of commercial stock. PBD’s are where there is availability of large floor plates and relatively affordable rents, at high-quality buildings, for IT/ITeS occupiers.