Hyderabad housed highest vacant office stock of 28.5 m sq ft in Q1 of 2025
Hyderabad: With 28.4 million sq ft of
Grade A office space
lying vacant, Hyderabad had the highest
vacant office stock
among the top seven cities in the country in the first quarter of 2025 (Q1-2025), according to realty consulting firm Vestian.
However, when it came to overall vacancy levels, Hyderabad, which has a total Grade A office stock of 162 million sq ft as of Q1 2025 and vacancy levels of 17.5%, was second after Kolkata, which had nearly 29% (7.9 million sq ft) of its total office stock of 27.5 million sq ft lying vacant as of Q1 2025.
The heartening news, however, was that the total vacancy rate in Hyderabad declined from 19% in Q4 2024 due to muted supply and relatively higher absorption, said the report 'The Connect Q1 2025'. The city had negligible new completions during Q1 2025 as compared to 5 million sq ft of new supply in Q4 2024, it added.
Since 2020, the city reported 59 million sq ft of new completions and absorption of 48.5 million sq ft, but in Q1 2025, Hyderabad recorded an absorption of only 2.66 million sq ft, its lowest in the past four quarters.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
They Lost Their Money - Learn From Their Lesson
Expertinspector
Click Here
Undo
This led to Hyderabad's share in the pan-India absorption also sliding to 15% in Q1 2025 from 21% in Q4 2024 and 17% in Q1 2024, the report said.
However, global capability centres (GCCs) accounted for half the total office space absorption in the city during the quarter, accounting for 17% of the space leased by GCCs across the top seven markets.
For Q1 2025, the lifesciences and healthcare sector accounted for 30% of the total office space leased during the quarter in the city as against 15% clocked in the previous quarter (Q4 2024), while the share of the IT/ITeS sector fell from 38% in Q4 2024 to 20% in Q1 2025. Consulting services and engineering and manufacturing sectors together accounted for 21% of the total absorption during the quarter.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
41 minutes ago
- Time of India
Cancer Daily Horoscope Today, June 11, 2025: A routine tweak changes everything
Today brings the perfect chance to shift one small part of your daily routine. Even a small change can create a big emotional difference. You've been holding on to a pattern that may no longer serve you. The stars ask you to notice what you do every day without thinking—and try something fresh. New music, a different route, or waking up just 10 minutes earlier could lift your whole mood. The key lies in gentle change, not forceful action. Cancer Love Horoscope Today Love feels lighter when you stop expecting too much. A small gesture—like a kind word or a warm hug—can reconnect bonds. If you are in a relationship, try something new together, even a small walk at a new place. If you are single, take a break from worrying. The right person often shows up when we are simply enjoying life. Make space for little joys today. Trust that when you shift your energy, love also finds a new way in. Cancer Career Horoscope Today Work may feel repetitive, but this is where the magic of change comes in. A colleague may offer an idea that helps you work smarter. Avoid rushing—quality over speed wins today. You may get praise for something you thought no one noticed. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Medical Mystery Solved: Dementia and Memory Loss Has Been Linked To This Common Thing. vitalgethealth Click Here Undo A slight shift in routine can bring surprising success. Trust the flow and remain present. Cancer Money Horoscope Today Today is not for spending without thinking. A minor change in how you manage your money can help greatly. Try a new budgeting method or set a small savings goal. Even a five-minute review of your wallet or bank app can bring awareness. Avoid borrowing or lending today. If someone asks for financial help, be kind but cautious. A change in your attitude towards money—less fear, more purpose—can attract abundance. Remember, prosperity grows with mindful planning. Cancer Health Horoscope Today Health can improve today with just one little habit change. Swap late-night snacks with warm milk or herbal tea. Change your sleep time slightly. Add five minutes of breathing or stretching in the morning. These small shifts can make your mind calm and your body more alive. Digestive issues may improve with a light diet. Don't ignore signs your body gives—aches, tiredness, or mood drops. Care begins with attention. The stars remind you: change doesn't have to be big to be powerful. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
Time of India
42 minutes ago
- Time of India
Avaada Butibori plant is India's 1st to make 720Wp solar modules
Nagpur: Avaada Electro, which is building a solar power equipment plant at Butibori, has claimed to be the first to manufacture large-sized 720 Watt peak (Wp) TOPcon solar modules in the country. The plant at Butibori near Nagpur is expected to emerge as the country's largest solar modules and cells manufacturing facility. Avaada's projects in the state entail an investment of Rs13,000 crore, most of which is for the Butibori plant. The company has now begun manufacturing 720Wp modules at Butibori. It is currently importing the cells, which are a key component for making modules, from China. However, there are plans to operationalise the cell-making unit also by October. This will enable fully indigenous manufacturing of solar modules, doing away with dependence on China, said company officials. Even China started making 720Wp capacity modules less than a year ago. Avaada is expected to be second globally after China, said a source. Avaada Electro had performed the groundbreaking ceremony for its Butibori plant last October. Modules are the equipment that generate solar power. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo They are made of numerous solar cells. So far, modules made in India have smaller 182x183mm M10 cells which can generate 595Wp solar power. Avaada has begun manufacturing modules made of 220x220mm G12 cells. The modules have the capacity to generate as much as 720Wp power, explained a company official. The manufacturing of the first phase with a capacity of 1.5 gigawatts (GW) has started at Butibori . By July, the full capacity of making modules with a combined capacity of 7GW is expected to be reached. Modules made through the G12 cells can generate more solar power in less area due to the cell's size. Solar module installations occupy a sizeable area, said the source. Similarly, the company has also commercially launched the 630Wp solar modules. The Butibori plant has also been included in the ministry of renewable energy's (MRE) approved list of models and manufacturers (ALMM). This will ensure Avaada's eligibility for taking part in the govt tenders. The Butibori unit has already started supplying solar panels for the state govt's Mukhya Mantri Saur Krishi Vahini Yojana -- the state govt project for supplying solar power to farmers. According to company chairman Vineet Mittal with ALMM accreditation of the Butibori plant and the launch of 720Wp and 630Wp cells, the company hopes to achieve a major revolution in the sector. With Butibori emerging as a prime destination for solar energy equipment makers, Avaada is the first to start production. Other companies like Jindal Group and Waaree Energies also have similar plans for Nagpur.
Time of India
42 minutes ago
- Time of India
Nashik Municipal Corporation to levy entry fees for four large gardens
Nashik: The civic administration is set to introduce entry fees for the four large gardens in the city to boost revenue and offset maintenance costs. The four gardens are Goda Park on the bank of Godavari river near Ramwadi, Somani Garden in the Nashik Road area, Pelican Park in the Cidco area and Late Balasaheb Thackeray Adventure Sports Park along Gangapur Road. "These parks are to be managed and operated by private agencies, which will also pay a royalty or some amount collected through the sale of entry tickets," an official said. The selected agency will be responsible for operating and managing the facilities, as well as organising and managing small events like cultural activities, fitness programmes and community gatherings. "This will contribute to both the vibrancy of the parks and the engagement of the community, ensuring the parks are active, run efficiently and enhance the overall user experience," the official said. Nashik Municipal Corporation (NMC) has already floated a bid for the deployment of the agency to operate and manage Goda Park. "The bids to operate and manage the other three gardens are to be floated shortly. The agencies deployed for the four gardens will also be tasked with overseeing bookings, providing customer service and handling all other operational aspects," another civic official said. "We have started a tender process to deploy a private agency to operate and manage Goda Park. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Dermatologist Says "Throw Away Your Regular Bedsheets Right Now, Here's Why" Miracle Sheets Learn More Undo We want to deploy an agency for the overall operation of the park, food court, sitting area, three types of fountains, children's play area, viewing deck, and access to the boating facility at Goda Park," the official said. The Goda Park project, developed on the bank of the Godavari River near Ramwadi, includes children's play areas, an amphitheatre, a fountain, an open gym, a rose garden and an open restaurant, among other features. A floating jetty was also developed for boat rides on the bank of Godavari river. The project was developed at Rs 17 crore. Nashik city houses 539 small and large gardens and 44 jogging tracks.
