NEW DELHI: Hyderabad has become the world's most affordable office locations due to rupee depreciation and fall in rentals amid political instability over Telangana, according to global realty consultant DTZ.
Four other Indian cities -- Chennai, Pune, Bangalore and Kolkata --- figure in the DTZ's list of top 10 least expensive office space market in the world.
"Devaluation of the Indian rupee in combination with declining rents led to Hyderabad overtaking Surabaya (Indonesia)as the least expensive market in 2013," DTZ said in a report.
The consultant has released the 17th edition of the Global Occupancy Costs - Offices, which presents outlook and analysis of the costs of occupying prime office space across 138 markets worldwide.
Chennai retains its position as the world's third least expensive office space market. Pune and Bangalore occupy fourth and fifth position respectively.
"At occupancy costs below USD 3,000 per workstation per year.
Four other Indian cities -- Chennai, Pune, Bangalore and Kolkata --- figure in the DTZ's list of top 10 least expensive office space market in the world.
"Devaluation of the Indian rupee in combination with declining rents led to Hyderabad overtaking Surabaya (Indonesia)as the least expensive market in 2013," DTZ said in a report.
The consultant has released the 17th edition of the Global Occupancy Costs - Offices, which presents outlook and analysis of the costs of occupying prime office space across 138 markets worldwide.
Chennai retains its position as the world's third least expensive office space market. Pune and Bangalore occupy fourth and fifth position respectively.
"At occupancy costs below USD 3,000 per workstation per year.
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