Less than 3 million sq ft of office space entered India's prime real estate market in the quarter ending September 2013. This was a drop by more than 75% q-o-q over last quarter's 10 million sq ft of fresh office space supply, according to global property consultant CBRE.

Delayed deliveries from previous quarters, along with new projects coming on-stream, led to an increase of up to 8% q-o-q and about 16% y-o-y in office supply addition in the previous April-June period, it said.

But the July-September period, however, witnessed the lowest addition of office space over the past several quarters, according to CBRE's India Office Market View report for the third quarter of this year released on Monday.

Mumbai led these project completions (36%), followed by Hyderabad (27%), Bangalore (14%) and Delhi NCR (12%).

These three cities represented about 88% of the entire office space added during the third quarter of 2013. "Despite leading the total space addition to India's existing office stock in Q3 2013, Mumbai's office supply for the quarter actually declined by more than 50% q-o-q over the previous quarter," it said.

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