Commercial Real Estate Leasing in Pune Surges 19% in 2024
Pune witnessed a 19% growth in office space leasing in 2024, with a total of 80 lakh square feet leased, according to data from Knight Frank India. This growth was primarily driven by robust demand in the first half of the year, with steady demand continu
PuneCommercial Real EstateOffice SpaceLeasing ActivityReal Estate MarketReal Estate NewsJan 07, 2025
The market experienced a robust first half, followed by steady demand in the second half, despite some minor adjustments.
\
Frequently Asked Questions
What was the percentage growth in office space leasing in Pune in 2024?
Pune witnessed a 19% growth in office space leasing in 2024.
What is the total leasing activity in Pune in 2024?
The total leasing activity in Pune in 2024 was 80 lakh square feet.
What percentage of office space transactions in Pune were flexible office spaces in 2024?
Flexible office spaces accounted for 35% of the city's office space transactions in 2024.
Which segment of tenants is the largest in Pune's office market?
Co-working spaces are the largest segment of tenants, occupying almost one-third of the market.
What is the current Grade A office vacancy rate in Pune?
The current Grade A office vacancy rate in Pune is at a three-year low.
Related News Articles
Mumbai's Sizzling Real Estate Market Defies Gravity Amid High Prices
Knight Frank reports a 12% surge in property registrations in Mumbai, driven by strong housing demand and economic prosperity.
Trump Towers to Expand in India: 4 Cities Shortlisted for FY26 Launch
Tribeca to bring Trump Towers to Mumbai, Pune, and two other Indian cities, seeking new deals in the country's growing real estate market.
Real Estate Sector Gets Relief as Supreme Court Allows Input Tax Credits on Construction Costs
The Supreme Court has ruled in favor of the real estate sector, allowing companies to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes.
Pune Experiences 27% Drop in Snail Biodiversity Amid Urbanization
Pune's snail biodiversity has seen a significant decline of 27% due to rapid urbanization and increasing pollution, according to a recent study. This drop highlights the urgent need for sustainable urban development and conservation efforts.
Rising Stars: Nagpur, Jaipur, and Lucknow Lead Real Estate Growth in India
These cities offer significant investment opportunities in the real estate sector, driven by robust infrastructure and demographic growth.
Lodha Trademark Dispute: Retired Supreme Court Judge Mediates Family Feud
Abhishek and Abhinandan, sons of Maharashtra minister Mangal Prabhat Lodha, the founder of the Lodha Group, are involved in a bitter trademark dispute. A retired Supreme Court judge has been appointed as the mediator to resolve the feud.