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evelopers in Hyderabad's Financial District and Kokapet are reassessing their plans due to a surge in office space vacancies, now at 46%. Many planned office blocks are being put on hold as new residential projects take center stage. This shift is largely driven by the decline in demand for traditional offices following the pandemic, as hybrid and remote work models gain traction.

    The pre-pandemic optimism about commercial real estate has given way to prolonged vacancies and slow leasing activity, prompting developers to rethink their strategies. In contrast, residential projects have seen steady demand from IT professionals and investors in these high-growth areas. By converting office spaces into housing, developers aim to capitalize on the resilient residential market while minimizing losses from underutilized commercial assets.