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
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