Hyderabad is the capital city of Telangana, it is experiencing a tremendous growth as an IT hub during the 1990’s. The growth continued throughout the 2000’s but there was a sudden standstill due to the agitation for a separate Telangana state and subsequent bifurcation. However, the city could recover from the damage caused and it is again growing rapidly and it’s a right time to start business office for rent in Hyderabad.
Unlike the first phase of development where the development was confined to the IT sector, in the second phase, many sectors are experiencing a boost in the Pharmaceutical sector, Banking, finance, hospitality sector, healthcare sector etc are growing rapidly in Hyderabad. At this point of time, it is very difficult to get an office for rent in Hyderabad, especially at prime locations.
Right Time to Start Business Office for Rent In Hyderabad
Apart from the city, its outskirts are also experiencing rapid growth and this resulted in the horizontal expansion of the city. Till date Hitech City, Madhapur, Gachibowli, Banjara Hills, Jubilee Hills, Punjagutta and Begumpet are the most preferred locations for establishing an office in Hyderabad. These areas are very costly and an office for rent in Hyderabad will cost you dearly.
In order to help small businesses and startups, many business centres have been set up in these localities offering services that include shared offices for rent. This offer comes in handy for small organizations and they are now able to enjoy the benefits of having offices in prime locations.
Business centres provide the necessary infrastructure for starting a business immediately and the most important services they provide are shared offices, virtual offices, plug and play offices and professional meeting rooms for rent. They are even providing many value-added business services that include support in necessary registrations with various government departments.
As an advantage to natural growth, the state government has come up with industry-friendly policies that include special economic zones in different places. There are many other advantages offered by the government for startup companies.
According to economists and industry analysts, the efforts put forward today will certainly pay back in the future. As the city is growing fast, investors will not have to wait for a longer period for returns.
In total, experts are in the opinion that this is the best time to invest in Hyderabad or to start a business in Hyderabad. There are many agencies that can help you in finding a suitable office space in Hyderabad. There are even some real estate portals that can guide you in this regard. With the arrival of business centres, office spaces in Hyderabad have become cheaper and affordable for the small organizations.
There is no doubt that Hyderabad will become one of the major financial centres in India if the growth continues at this pace. And, there is no doubt that the growth of Hyderabad so far was steady and consistent.