Learn more by clicking our most recent Pune MarketBeat reports on the various sectors below.
Pune MarketBeat Reports
30/01/2025
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 office market saw gross leasing volume (GLV) of 1.7 MSF in Q4-24. Fresh leasing stood at ~1.3 MSF. SBD East accounted for 61%, followed by SBD West with 20% share. BFSI led with a 37% share, followed by the IT-BPM (26% share). Net absorption stood at 5.0 MSF, an ~11% increase q-o-q. New supply in Q4 was highest amongst all quarters of 2024, reaching a total of 4.2 MSF for the year. Headline rents remained unchanged.
Pune Retail Report
Pune recorded mall leasing of 47,744 in Q4-24 with superior grade malls contributing 80% share. Fashion segment led with 53% share, followed by F&B (17%), and accessories and lifestyle (11%). Mall vacancy rose to 7% q-o-q. Main street leasing stood at 44,575 SF, led by the fashion segment (27%) and followed by the F&B (18%) and accessories & lifestyle (15%) segments. Overall mall rentals remained stable while main street rentals appreciated 3-5% compared to Q3-24.
Pune Residential Report
Pune’s residential market saw 10,237 unit launches in Q4-24. The mid-segment led with 61% share, followed by high-end units at 26%. The luxury segment witnessed a significant increase, with unit launches being 12X higher than those recorded in 2019. NH-4 Bypass dominated by capturing a 61% share, 87% of which were in Hinjewadi. This was followed by the east submarket (28%). In 2024, residential prices rose 12% y-o-y, driven by increased high-end launches while rentals remained stable.
Pune Industrial Report
Pune saw ~ 2 MSF of warehouse leasing, a 12% rise from H1 2024, driven by a surge in Engineering & Manufacturing sector, accounting for ~1 MSF of leasing. Chakan submarket performed highest with a dominant share of ~67%. Industrial leasing stood at 2.7 MSF. Engineering & Manufacturing dominated with an 80% share. Chakan was the largest contributor to the industrial and warehousing space, capturing ~63% share. City-wide industrial rentals grew 4-5%. Land prices in Chakan and Talegaon increased by 43% and 29% y-o-y.
India Capital Market Report
Q2 2024 witnessed massive investment inflows amounting to INR 231.5 Bn (USD 2.77 Bn), marking a 1.5x q-o-q growth. The Logistics & Industrial (L&I) segment led with 56% share.
RELATED INSIGHTS
Insights • Investment / Capital Markets
Mumbai’s Office-SEZs get a new lease of life as leasing volume surge
Mumbai witnessed an unprecedented rise in leasing done in SEZ-designated (Special Economic Zone) buildings with 1.50 MSF of lease transactions recorded in these buildings in 2024.
06/02/2025
Insights
Kolkata – Emergence of a Major Warehousing and Logistics Destination
Kolkata’s emergence as a major national warehousing and warehousing destination over the past few years highlights a significant shift in the city’s and region’s real estate sector and puts it on a firm pedestal for future growth.
06/02/2025
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