Nanakramguda: A Gold Mine for Commercial Real Estate in Hyderabad

Nanakramguda's skyline of growing commercial developments

Hyderabad has been growing pretty much non-stop since 1591, and real estate has always been central to that story. As the city keeps stretching its boundaries, areas once considered the outskirts are turning into the next big commercial hotspots -and right now, that spotlight belongs to Nanakramguda.

Enter the Big Players

Tucked into Serilingampally and better known as the Financial District, Hyderabad, Nanakramguda has quietly become a cradle for IT, real estate and ambitious architecture. The pandemic slowed its momentum for a while, but the recovery has been swift, with several major players now moving in.

Industry experts note that more properties were sold across Hyderabad in the first few months of 2021 than in the same window the year before -a trend that's set to give Nanakramguda not just a facelift, but a genuine expansion of its commercial real estate footprint.

The Projects Reshaping the Skyline

Property consultancy Knight Frank reported that, as of November 2020, office space sales in Hyderabad had already outpaced the combined total of the previous five years -by a factor of three. Leading that charge is Medtronic, the global medical technology giant, which opened its expanded Engineering & Innovation Centre at BSR Tech Park in Nanakramguda -reportedly its largest R&D facility outside the US. Right alongside it, Google is set to bring its biggest campus outside its US headquarters to the neighbourhood, marking the company's first wholly-owned campus anywhere in Asia.

Reaching for the Sky

Two headline projects would be impressive enough on their own, but Nanakramguda isn't stopping there. SAS Infra is currently developing iTower, a 36-floor commercial tower positioned to become one of Hyderabad's tallest buildings. A handful of competing projects nearing 40 floors are reportedly in the pipeline too, each chasing the title of the city's tallest. Even so, iTower looks well placed to hold its ground as Hyderabad's biggest commercial development.

The Takeaway

Between marquee tenants, record-breaking office sales and a skyline that's only getting taller, Nanakramguda real estate has all the makings of a genuine gold mine. For investors looking to make their next move count, this commercial real estate hotspot is worth watching closely and acting on sooner rather than later.

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