Hyderabad is the capital city of Telangana and is also called the “ City of Pearls”. It is also known for its traditional and historical bazaars. The economy of Hyderabad ranges from $40 billion to $74 billion in terms of Purchasing Power Parity Gross Domestic Product( PPP GDP ) and falls on the fifth or sixth most productive metro area of the country. One interesting fact about the city is that it is the largest contributor to the Gross Domestic Product( GDP ). The city is dominated by the service industry wherein 90% of the employed workforce is a part of this sector. Traditionally it used to be a manufacturing city but with the IT boom in the 1990s, the IT/ITES, finance and insurance sectors came in the city and changed it to the cosmopolitan industrial service centre. And this boom of IT Sector improved the other sectors like transport, trade and commerce, retail, real estate and communication. Till date, the city employees 600,000 people in the IT/ITES sector. The city has the highest number of Special Economic Zones( SEZ ) in India. Although not known to many, but Hyderabad is also called as the “ India’s pharmaceutical capital” and “ Genome Valley of India”. Another name that it carries is “ Cyberabad” for being a global centre of Information Technology. The city with the development of the IT sector over the years has led to a huge influx of IT and ITES companies and now it houses more than 1300 such companies. Some of the companies having their facilities in Hyderabad are:
With the huge influx of IT companies, pharmaceutical companies, the city has seen an unprecedented growth of real estate sector and many residential establishments and coworking space in Hyderabad can be seen in the city. With an uprising of the millennial world and having a good average per capita income, the city even became the second best Indian city to do business and it has given rise to many start-ups in the city and now the start-up culture is on the rise. Some of the important factors that contribute to the Hyderabad as one of the most locations for businesses are mentioned below:
LOCATION: A centralised location with great connectivity to other parts of the region and country helps business reputation. When one says that my company works out from a coworking space in Hyderabad, then the clients can imagine that the company must be having a very good office space, they must be having state-of-art facilities, good infrastructure with office suits and lounges within the premises of the office.
Since Hyderabad has a robust road and rail transport, so its always easy to travel within the city and this makes it easier for the clients and the employees to come to the office location. Also, having robust social infrastructure add to the location wherein malls, schools, colleges, retails stores, bars, restaurants, pubs are near to the reputation of the office location.
PRESTIGIOUS BUSINESS ADDRESS: With such a great infrastructure for the IT industry and other sectors, who doesn’t want to have a coworking space in Hyderabad. No one can deny that HITECH City is an architectural marvel where every company or a stat-up wants to have an office. Some of the popular tech parks in Hyderabad are RMZ Futura IT Park, The V an Ascendas Park, Cyber Pearl, The Mindspace IT Park, Laxmi Cyber City to name a few and housing some of the top multi-national giants like, Microsoft, CISCO, IBM, GOOGLE, Facebook, JP Morgan, Thomson Reuters, Accenture, Tech Mahindra, Bank of America, Deloitte to name a few.
Sharing the space and the surrounding with such companies is indeed a matter of Prestige and having a coworking space in Hyderabad provides this luxury. Some of the prominent business address regions of Hyderabad are HITEC City, Madhapur, Gachibowli, Kondapur, Manikonda, Banjara Hills, Begumpet, Nanakramguda to name a few.
SAFETY: Every business and individual wants to have a safe working environment for the employees and have an office space where clients can also access the location easily. Having an office at coworking space in Hyderabad at any of its CBD or SBD ensures the safety of the employees as well the business. The companies get a dedicated car parking facility, tech-enabled security system for entering and exiting the office premises, CCTV camera and building owned security team with 24x7 surveillance.
The best example for this the HITEC City, which has its security standard set up across every building within the campus.
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