The first quarter of the 2025 calendar year did not bode well for office leasing in Hyderabad and Kolkata. These two cities lagged behind the other top five cities in Grade A new supply at -88 percent (with 0.3 million sq ft in Q1 2025 compared to 2.6 million sq ft in Q1 2024) and -50 percent (from 0.2 million sq ft in Q1 2024 to 0.1 million sq ft in Q1 2025), respectively. The top seven cities taken...