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Hyderabad emerging as an alternative commercial destination to Bengaluru

The Siasat | 19/01/2022 05:03 PM | Click to read full article

Hyderabad is emerging as an alternative commercial destination to Bengaluru as over half of the commercial space in the city is occupied by IT/ITES companies.

As per a Real Estate Thematic report of Motilal Oswal Financial Services Limited, around 55% of commercial space in the city is absorbed by IT/ITES companies. Recently, Telangana Industry and Commerce Minister Rama Rao invited Tesla CEO  to set up the company’s branch in the state.