Pune MarketBeat Reports
Suvishesh Valsan • 06/01/2026
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’s office market recorded strong momentum in Q4 25 with gross leasing volume (GLV) of 2.6 MSF, marking 35% q o q and 48% y o y growth. Annual GLV reached a historic high of 9.9 MSF, driven by exceptional GCC demand, which doubled to ~5.4 MSF and captured a dominant 55% share. Net absorption reached a record ~8.2 MSF in 2025. Annual supply of 13 MSF was recorded in Q4 while citywide rentals saw annual growth of 3.5%.
Pune Retail Report
Pune recorded retail leasing volumes of ~0.18 MSF in Q4-25, maintaining healthy activity across. Malls dominated with 76% share (~135,585 SF), led by fashion (40%), department stores (18%) and entertainment (14%). Main streets contributed ~42,000 SF, driven by supermarkets (22%) and F&B (20%), with Balewadi, Gokhalenagar and Kharadi witnessing strong traction. Grade A mall vacancy remained tight at 6.34%, reflecting sustained demand for quality spaces despite minor relocations. Main street rentals surged 10–12% y-o-y, supported by robust demand for F&B and fashion, with prime locations like F.C. Road and J.M. Road posting double-digit growth. Mall rentals stayed stable q-o-q, underscoring strong fundamentals and positive outlook for Pune’s retail market.
Pune Residential Report
Pune recorded 11,644 residential unit launches in Q4-25, up 8% q-o-q and 13% y-o-y, reflecting strong market momentum. NH-4 Bypass (North) led with 48% share, followed by North-East (18%), North Peripheral (13%) and South-East II (10%), supported by metro and ring road projects. The mid-segment accounted for 43% of launches, while high-end and luxury contributed 47%, underscoring robust demand across price brackets. Weighted average capital values rose 11% q-o-q to INR 12,303 per sq. ft., driven by premium launches, while rentals grew 2–4% y-o-y, supported by IT/ITeS demand in Hinjewadi, Kharadi and Nagar Road.
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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