Hyderabad is expected to witness 18-19 msf of new office supply during Q4
FY2026–FY2027, of which 23% has
been pre-leased.
Despite global headwinds, office
leasing activities in India have
remained buoyant in 9M FY2026.
However, ICRA will closely monitor the
situation, as macroeconomic and
geopolitical factors evolve.
Exhibit: Annual trend in net absorption, supply and vacancy – aggregate for top six cities
