The Silicon Valley of India has been thrashed brutally by the Telangana ruckus. The whole commotion took a toll on the commercial value of Hyderabad. The Indian city has become the world’s cheapest office location due to political instability coupled with depreciated Indian national Rupee (INR).
Other four Indian cities – Chennai, Pune, Bengaluru and Kolkata – have been included in the list of top 10 most affordable office space market in the world by global realty consultant DTZ. The city overtook Surabaya, Indonesia, as the least expensive market in 2013.
‘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