Hyderabad emerges most resilient; returns to normalcy faster than other cities: JLL report

BENGALURU: Hyderabad continues to show resilience and its real estate dynamics kept up the momentum according to the JLL-CII report “Hyderabad Real Estate - A Road Map amid the COVID -19 crisis”.

Despite the nationwide lockdown, in Q2 2020, Hyderabad continued to witness relatively good office leasing and residential sales. The city also saw supply of new office buildings in addition to new residential projects.

Hyderabad also led India’s office supply with a 30% share in H1 2020, significantly driving the country’s office absorption with an 18% share during the same period. The city reported an absorption of 2.1 million sq. ft in H1 2020,which dropped the city’s vacancy rate to 9.2 %.


“Hyderabad’s resilience comes from the confidence of doing business instilled by the state government. The business-friendly policies of the government has helped corporates leverage the existing ecosystem in the state to maximize output and emerge as the destination of choice,” said Ramesh Nair, CEO & Country Head, India, JLL.

A total supply of 3.7 million sq. ft was added in H1 2020. Demand dynamics also remained strong as a few key large office leasing were closed after the lockdown was relaxed in May 2020.

“Hyderabad’s positive reaction to the crisis has reflected tremendously in the city’s real estate performance. The focus of the government on business-friendly policies has helped Hyderabad emerge as a one of the leaders despite the global pandemic,” said Sandip Patnaik, Managing Director – Hyderabad, JLL.