Shortage of grade-A office space turns a stumbling block for Hi-Tec City in Hyderabad
HYDERABAD: When Dutch giant Heineken zeroed in on Hyderabad for its global capability centre (GCC) with plans to pour in nearly Rs 3,000 crore, it perhaps did not anticipate that finding space in the heart of the IT hub of HITEC City would be akin to a mission impossible. The reason is that this swanky, most sought-after destination for GCCs, which has many a global CEO raving about its international ambience a la San Francisco’s famed Bay Area, is practically all sold out (read leased out) in terms of Grade A space, realty sources said. HITEC City houses Sattva Group’s…