Asia Pacific Regional Overview - NAI Commercial Real Estate

Hyderabad IndiaMarket SummaryCountry Population1,129,866,154129 154 (July 2007 est.)Area (sq km)3,287,590GDP (in US$)US$1,249 billion (2008 est.)GDP Growth (%)8.4% (2008 est.)GDP Per Capita (in US$)US$1,089 (2008 est.)Inflation (%)4.4% (2006 est.)Interest Rate (Federal Funds Rate) ¹ (%) 5.25%Unemployment (%)7.2% (2008 est.)CurrencyIndian rupee (INR)Exchange Rate (US$ and date)1 INR = .02471 USD (3/17/08)Exchange Rate (Euro and date)1 INR = .01571 EUR (3/17/08)Market NameHyderabadMarket City Population3,690,000 (2001)About the MarketAndhra Pradesh is known as thepreferred location for ITES andsoftware companies. Leading the ITboom has been Hyderabad followed byVisakhapatnam. Hyderabad,Visakhapatnam and Vijayawada haveall witnessed tremendous growth inreal estate and a number of companiesin the retail and entertainmentbusiness are now focusing on thesemarkets.35