Pune MarketBeat Reports
Suvishesh Valsan • 01/10/2025
Cushman & Wakefield Pune MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
CURRENT MARKETBEATS
Pune Office Report
Pune office market saw 3.3 MSF of gross leasing volume (GLV) in Q2-25, a 13% y-o-y increase. Fresh office leasing reached an all-time high, comprising a 77% share. Engineering & Manufacturing led with 43% share, followed by IT-BPM and Professional Services at ~16%. share each. Net absorption reached a historic high at 2.2MSF. The quarter saw 4.8 MSF of Grade-A office supply, marking a significant 50% growth q-o-q while vacancy stood at 13.1%. Citywide stock-weighted average rentals grew 1.2% q-o-q.
Pune Retail Report
Pune recorded retail leasing volumes of ~0.33 MSF in Q3-25, up 43% q-o-q. Malls dominated with 85% share (~0.28 MSF). Overall leasing was driven by departmental stores (28%), fashion (24%), and entertainment (23%) segments. Main streets contributed 15%, with suburban areas like Balewadi and Baner leading activity. Grade-A mall vacancies improved to 5.92%, with no new supply added.
Pune Residential Report
Pune recorded 10,776 residential unit launches in Q3-25. The mid-segment led with 58% share, while high-end and luxury units accounted for 38%. NH-4 Bypass-North, including Hinjewadi and Wakad, led with 38% share, followed by South East-II (13%) and East (11%), driven by metro projects and improved connectivity. Weighted average capital values stood at INR 11,113 per SF, reflecting a shift to mid-segment launches. Rentals rose 1-3% q-o-q, supported by demand from the IT workforce, primarily in Hinjewadi and Kharadi.
Pune Industrial Report
Pune saw 1.4 MSF of warehouse leasing in H1-25. Talegaon led with 33% share, followed by Chakan (26%) and Sanaswadi (19%). 3PL providers dominated with 68% share. Industrial space absorption reached 3.1 MSF, a 16% rise from H2 2024. Engineering and manufacturing sector dominated, capturing 63% share.
India Capital Market Report
Cushman & Wakefield India Capital MarketBeat reports analyze quarterly economic and commercial real estate activity including supply, demand and pricing trends at the market and submarket levels.
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