The expansion comes amid rising occupier interest from sectors including BFSI, technology, life sciences and AI-led businesses, further strengthening Hyderabad’s position as one of India’s fastest-growing office and GCC markets.
The company’s largest transaction in the city is spread across Towers 10 and 20 at Grava Business Park in Neopolis, Kokapet, an emerging commercial district witnessing increasing commercial development activity.
“Key micro markets such as HITEC City and the emerging Neopolis corridor are witnessing strong enterprise demand. Our continued expansion in the corridor, which includes the landmark take-up at Grava Business Park, one of our largest managed workspace transactions, strengthens our ability to support enterprises looking to strategically scale in Hyderabad’s emerging markets,” said Harini Adidam, Associate Executive Director Sales – Hyderabad, Table Space.
The company has also expanded in Hyderabad’s established HITEC City micro-market with around 50,000 sq ft at K Raheja Mindspace IT Park near Raidurg Metro Station and nearly 48,000 sq ft at Aparna Technopolis near HITEC City Metro Station.
According to Nitish Bhasin, Chief Sales Officer, Table Space, Hyderabad continues to attract occupiers because of its scalability, cost competitiveness, skilled talent pool and business-friendly ecosystem.
Industry executives are of the view that Hyderabad has emerged as a preferred destination for GCC expansion due to lower occupancy costs compared with Bengaluru and Mumbai, availability of Grade A office supply and improving infrastructure connectivity.According to a recent industry study, Hyderabad accounts for 20-23% of India’s BFSI and analytics GCC market share.
Founded in 2017, Table Space currently operates more than 11 million sq ft of managed office space across over 80 centres in eight Indian cities and has served more than 425 enterprise clients.