Hyd's office space development gets a boost as firms eye large workplaces

Large global firms are hunting for campus-sized workplaces for the sake of convenience and cost optimisation

Global financial and technology firms' quest for campus-size office spaces is fuelling the demand for Grade-A office space in Hyderabad, which has been witnessing higher absorption rates besides the launch of projects of a bigger scale on the back of lower property rates.

"The large global firms are looking for Grade-A office space with a starting size of 0.5 million square feet in a single location and some might even require 1-2 million square feet considering their growth needs," Thirumal Govindraj, managing director of office space developer RMZ Corp, told Business Standard.

The Bengaluru-based company is currently executing a large commercial project,