According to a survey by CBRE South Asia Pvt. Ltd., hyderabad is emerging as the second place after Bengaluru for forthcoming office space supply in India. According to the report titled "Office Space Revolution," office supply completions in the top seven cities in the nation are expected to surpass an astounding 165 million square feet between 2023 and 2025. This represents a significant increase from the 142 million square feet recorded between 2020 and 2022.

The optimistic perspective of developers is what propels the report's prediction of a bright future for the indian real estate industry. With over half of the new office space supply expected in the next years, hyderabad and Bengaluru are set to lead this wave of production. The report predicts that Bengaluru will lead the way in the supply of office space between 2023 and 2025, making up 29% of all supply in India. hyderabad will come in second at 20%, Delhi-NCR at 17%, pune at 12%, chennai at 11%, mumbai at 9%, and kolkata at 2%.

The study also identifies the precise locations of the new office projects. The biggest completions in hyderabad will be in the IT Corridor II and Extended IT Corridor.

The Chairman and CEO of CBRE india, South-East Asia, Middle east & Africa, Anshuman Magazine, made a statement on the strong expansion of the indian office market. He pointed out that the significant supply completions in the nation show promise for the sector, with average annual growth in office supply projected to be 17% and average building size to be 18% between 2020 and 2022. From 2023 to 2025, the increase is expected to pick up even more speed, averaging 15–18%, because to growing occupier demand and developers' expansion plans. Because of its advantages in terms of cost and size, india is anticipated to continue being a popular location for the establishment of Global Capability Centres (GCCs) across a variety of industries.

North American and european investors continue to find india to be an appealing investment location in the Asia Pacific region, according to ram Chandnani, Managing director of Advisory & Transactions services at CBRE India. With foreign investment hitting USD 2.8 billion in 2022, up a significant 80% year over year, india became the only market in the whole APAC region to see yearly growth in capital deployment.

In spite of the current state of the economy, IT spending in india is anticipated to continue growing until 2023. This endurance may be ascribed to companies' persistent emphasis on augmenting worker productivity, refining client experiences, and streamlining processes. Notably, BFSI, technology, and pharmaceutical businesses are the main drivers of office space demand; they will account for over 50% of lease activity from january to september of 2023, and long-term leasing activity is anticipated.

The research also shows that hiring in india is on the rise, with a notable upturn in 2022 and a small increase in total jobs over the prior year. It predicts that the yearly employment rate of professionals who work in offices will continue to rise in the six major cities, with an increase of 11% in 2023. This suggests a positive picture for the labour market and career prospects in the nation, indicating a rise in economic activity and a need for skilled workers.

New office space completions by 2025 are expected to break down as follows:

Hyderabad: 20% contributing to 33 million sq. ft.

Bangalore: 29% contributing to 47.8 million sq. ft.

Delhi NCR: 17% contributing to 28 million sq. ft.

Pune: 12% contributing to 19.8 million sq. ft.

Chennai: 11% contributing to 18.15 million sq. ft.

Mumbai: 9% contributing to 14.8 million sq. ft.

Kolkata: 2% contributing to 3.3 million sq. ft.