Pune MarketBeat Reports
Suvishesh Valsan • 24/09/2026
Insights into leasing activity, occupier preferences and growth opportunities driving Pune’s real estate market.
CURRENT MARKETBEATS
Pune Office Report
Pune recorded office leasing of 1.99 MSF in Q3 2026, with GCCs accounting for ~65% of demand and BFSI emerging as the top sector at 35%. SBD East contributed ~71% of leasing, reinforcing its position as a preferred Grade A office destination. Net absorption reached 0.9 MSF, supported by 1.52 MSF of new supply. Stock-weighted office rentals remained stable at INR 92.2 per sq ft per month.
Pune Retail Report
Pune recorded 0.21 MSF of retail leasing in Q3 2026, with Fashion, Department Stores and Entertainment brands driving mall leasing, while high street activity was concentrated in key corridors such as Wagholi and Hadapsar. Continued absorption of quality retail space supported further tightening in Grade A mall vacancy amid no new mall supply. Retail rentals recorded annual growth across both malls and high streets.
Pune Residential Report
Pune recorded 13,819 residential launches in Q3 2026, reaching a new high in the past three years, reflecting growth in the residential activity. NH4 Bypass (North) remained the most active residential corridor, led by Hinjewadi, Balewadi and Tathawade. Mid-segment housing dominated new supply, supported by strong demand from homebuyers across employment-linked locations. While capital values moderated slightly on a quarterly basis, it recorded a notable appreciation on a yearly basis.
Pune Industrial Report
Pune’s warehousing and industrial market recorded strong momentum in H1 2026, with warehouse leasing reaching 1.7 MSF, driven by robust demand from 3PL providers and engineering & manufacturing occupiers. Chakan and Ranjangaon remained the leading warehousing hubs. Industrial leasing surged to 4.2 MSF, led by engineering, manufacturing and automobile companies across established industrial corridors.
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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