Real Estate India

Pune IT Parks See 18% Rise in Leasing as Hybrid Work Stabilises

By GeoSquare News Desk · Published 2026-11-01

Pune's IT corridor is witnessing a steady revival in commercial leasing, with absorption in Hinjewadi and Kharadi rising 18% year-on-year. The stabilisation of hybrid work models has encouraged companies to commit to office spaces, driving demand for Grade-A assets.

Market Overview

The surge is led by technology and fintech firms, which now prefer flexible yet premium workplaces. Vacancy levels in these micro-markets have tightened, prompting developers to expedite new supply.

New Developments

To meet demand, several mixed-use transit-oriented projects are coming up along the Hinjewadi-Kharadi belt. These integrate office, retail, and residential spaces with improved metro and road connectivity, enhancing last-mile access for employees.

Government Support

Maharashtra's ease-of-doing-business initiatives, including faster approvals and transparent policies, have further boosted developer confidence. This is expected to sustain leasing momentum through the next fiscal year.

For investors, the trend signals robust rental growth potential in Pune's IT hubs, especially in projects near upcoming metro corridors.