Hyderabad’s new office supply drops 51% even as other cities expand

13 Nov 2025 CW Team

Hyderabad witnessed a 51 per cent decline in new office space supply during the July–September 2025 quarter, even as India’s top six cities collectively recorded a 26 per cent annual rise, according to data from US-based real estate consultant Vestian.

The city added around 2 million sq ft of new office stock during the period, significantly lower than the year-ago level. Despite the muted supply, sustained demand from global capability centres (GCCs) and corporates kept nationwide absorption on an upward trajectory.

Supply Trends Across Major Cities

Pune led all markets with 3.70 million sq ft, marking a 164 per cent year-on-year surge.
Delhi-NCR saw new supply rise 35 per cent to 3.10 million sq ft.
Chennai recorded an exceptional 320 per cent jump to 2.1 million sq ft.
Mumbai doubled its supply to 1.80 million sq ft.
Bengaluru, India’s largest office market, registered a 6 per cent decline to 3.40 million sq ft.
Kolkata, the seventh city tracked by Vestian, saw no new supply in the quarter.

Absorption Remains Steady

Overall office leasing across the seven major cities rose 6 per cent, reaching 19.69 million sq ft in Q3 2025. Strong demand from occupiers continued to drive expansion plans across sectors, particularly IT/ITeS and GCCs.

Key Developers and REIT Activity

Leading developers active in the commercial segment include DLF Ltd, Tata Realty & Infrastructure, Hiranandani Group, Embassy Group, Prestige Estates, Sattva Group and RMZ Group.

India’s four listed REITs—Sattva-Blackstone backed Knowledge Realty Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT and Brookfield India Real Estate Trust—continue to expand through a mix of greenfield and brownfield projects, supported by large rent-yielding portfolios.

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