Learn more by clicking our most recent Pune MarketBeat reports on the various sectors below.
Pune MarketBeat Reports
27/12/2024
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 quarterly gross leasing volume (GLV) of 2.9 MSF in Q3 2024, a 1.9X jump on a y-o-y basis. The city recorded fresh leasing of 1.6 MSF and term renewals of 1.3 MSF, ~40% and ~70% higher than quarterly average for past 8 quarters respectively. SBD East led with 60% share followed by SBD West (19.2%). Engineering & manufacturing dominated with 36% share, followed closely by IT-BPM with 35% share. New supply of 0.45 MSF and vacancy rate of 9.95% was witnessed. Headline rentals have remained largely unchanged.
Pune Retail Report
Pune recorded mall leasing of 109,400 SF, an 85% increase from Q2-24. Fashion segment led with 33% share, followed by entertainment (16%), F&B (15%), and consumer electronics (15%). Mall vacancy dropped to 6.5%. Main streets recorded 69,895 SF of leasing, a 104% jump from Q2, 45% of which was concentrated on NIBM road. In Q3, supermarket / hypermarket leasing volume reached its highest level of past 10 quarters, capturing 34% of the quarterly share. This was followed by fashion at 30%. Mall rentals across Pune witnessed 10-12% y-o-y growth.
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 1.78 MSF of warehouse lease transactions in H1 2024, a 21% rise from H2 2023. Automobile sector dominated with ~40% share, recording highest warehouse leasing share in the city. Chakan submarket commanded a 54% share. Pune recorded 4.2 MSF of industrial lease transactions, a 34% rise y-o-y. Engineering and manufacturing captured 56% share, followed by automobile sector (14.6% share). Chakan led Industrial leasing with 71.1% share. City-wide rentals saw 6-8% y-o-y increase.
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
Article
Aditya Birla Fashion and Retail Limited Chennai
Adyar is a very prime & sought-after high street in Chennai and therefore a short-supply market. Aditya Birla Fashion and Retail Limited (ABFRL) was looking out for a property to set up their store in the area.
18/06/2021
Article
Tata Cromā, a leading consumer electronics and durable retail chain in India, wanted to open a new store in Guntur.
17/06/2021
Article
Cushman & Wakefield retail team successfully transacted 13,000 SF flagship store for Citroen. In addition to be their first showroom in Mumbai, it also is their largest in India.
Anoop Vasudeo • 16/06/2021