Pune's office market is on track to achieve a historic milestone in 2025, with gross leasing volumes projected to exceed 10 million square feet. The city's strategic importance in India's commercial real estate landscape is underscored by robust demand from key sectors including engineering, manufacturing, and IT-BPM.
PuneReal EstateOffice MarketLeasing VolumesCommercial PropertyReal Estate PuneJul 08, 2025
Pune’s office market is projected to exceed 10 million square feet in gross leasing volume (GLV) in 2025.
The engineering, manufacturing, and IT-BPM sectors are the primary drivers of demand in Pune's office market.
Flexible workspaces have maintained an average annual footprint of 1.56 million square feet in Pune over the past three years, accounting for about 19% of the city’s overall GLV, making Pune the second-largest flexible workspace market.
Pune added nearly 8 million square feet of new office space in the first half of 2025, with 90% categorized as Grade A and A+ office space.
Pune contributed 16%, or 6.8 million square feet, to the pan-India GLV of 42 million square feet in the first half of 2025.
The Indian real estate market is experiencing a surge in leasing activities
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