Hyderabad experienced a significant 41% drop in office space absorption in Q1-2025, according to a recent report by Colliers. Emphasizing that this is not a nationwide trend, the expert urged the Telangana Chief Minister to prioritize addressing this decline before moving ahead with plans for new IT parks.
Hyderabad: Reacting to the alarming decline in office space absorption in Hyderabad, BRS working president KT Rama Rao has voiced concern and wanted the State government to take immediate corrective measures to address the issue.
Hyderabad witnessed a sharp 41% decline in office space absorption during Q1-2025, as highlighted in a recent Colliers report. In a strongly worded statement, he said: “This isn’t a nationwide trend.”
Before planning new IT parks, the Telangana Chief Minister must address the decline in office space absorption, he stressed.
He pointed out that cities like Bengaluru, Chennai, Delhi-NCR, Mumbai and Pune had all witnessed significant growth in office leasing activity.
“Hyderabad stands out in its downward spiral,” he added, lamenting the city’s fall from its once-dominant position as a leader in office space absorption.
Rama Rao called for introspection and a reassessment of policies, urging the government to form a dedicated committee and engage with key stakeholders to understand the reasons behind the market’s dwindling confidence.
“Destruction breeds destruction, act before the damage becomes irreversible,” he warned.
Taking a jab at the current approach, he remarked, “Bulldozers don’t bring jobs! Policies do!” He stressed the importance of strategic planning and sustainable development to restore Hyderabad’s position as a preferred destination for corporate investments.
