Berggruen Holdings is developing a high-end commercial office complex approximately 3.5 km from Hi-Tech City, Hyderabad, Andhra Pradesh. The land size is approximately 2.6 acres and has an approved sellable area of 611,582 sq ft.
The City has a population of about 5.7 million in the city and 8.3 million in the greater metropolitan area. It is the financial and economic capital of the state and a major location for call center set-ups, technology development and knowledge process outsourcing (KPO) hubs in India.
Hyderabad has witnessed remarkable real estate growth in recent years, mainly due to an IT-driven boom and retail industry growth that has spurred commercial activity. Real estate demand in the city, suburban and rural areas continues to rise exponentially, and currently demand for commercial office space outstrips the supply.