Learn more by clicking our most recent Pune MarketBeat reports on the various sectors below.
Pune MarketBeat Reports
10/02/2023
Cushman & Wakefield 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's Q2 leasing volume remained steady at 3.1 msf, with SBD East driving pre-commitments. Net absorption in Q2 dropped by 20% but remained higher than the city's average. Q2 supply decreased significantly, resulting in a sharp drop in vacancy rates. Rentals saw a slight improvement in key sub-markets due to healthy demand and new office projects.
Pune Retail Report
Pune witnessed healthy leasing in malls and main streets in Q2 2023. The demand was majorly driven by the Fashion segment. Mall vacancies dropped to 6.02% due to strong leasing and limited availability of quality space. Mall rentals appreciated by 5-7%, and 1.5 million sq ft of new supply is expected in the next two years.
Pune Residential Report
Pune's residential unit launches dropped by 45% in Q2 2023 compared to the same period last year. Within new launches, mid-segment accounted for 53%, while high-end and luxury for 39% share. Nationally reputed developers acquired land in the prime CBD submarket, with plans to develop high-end and luxury projects in the upcoming quarters. In Q2, quoted capital values witnessed a 7-8% growth on a y-o-y basis.
Pune Industrial Report
In H1 2023, Pune experienced a robust 64% y-o-y growth in warehouse leasing. The 3PL/Logistics sector dominated this activity with a 60% share. Stable demand for good-grade assets has resulted in steadily rising rentals, transforming the Pune warehouse market into a developer-friendly one. The city recorded a dip of 25% in Industrial leasing as compared to the same period last year.
India Investment Report
The investment activity recorded in Q2 was INR 158.5 bn (USD 1.92 Bn) which was 63% higher than the previous quarter’s activity and 60% higher than the activity recorded in Q2-22.
RELATED INSIGHTS
Research
The Manufacturing Sector Growth Story of India
Explore and unveil the Growth Story of India's Manufacturing Sector
12/09/2023
Research • Workplace
Rethinking the office sector in Asia Pacific
Our report takes a deeper dive into the underlying dynamics and drivers across The APAC region’s major markets and provides a roadmap for asset optimisation.
Dominic Brown • 21/06/2023
Podcast
Podcast: Logistics & Industrial in India
With international business looking seriously at India to take advantage of the world's second largest population - India is a complex and fascinating part of the world, for both investors and occupiers alike.
Rob Hall • 16/10/2020