Pune, July 5, 2025 – The Pune office real estate market witnessed a remarkable surge in activity during the second quarter of 2025, with total leasing reaching 3.0 million square feet. This momentum was backed by an all-time high in new supply. It stood at 6.2 million square feet during the quarter, marking the highest quarterly supply ever recorded in the city.
According to the latest findings from CBRE South Asia Pvt. Ltd., the BFSI sector led the leasing activity in Pune, accounting for 44% of the total space taken up. Flexible space operators contributed 27%, while technology companies comprised 11% of the leasing share.
Some of the notable leasing transactions in Q2 included:
- A BFSI firm leasing approximately 771,200 sq. ft. at Panchshil Business Hub.
- ArcelorMittal occupying 104,500 sq. ft. in BR3 – Avance Tower A.
- TSYS International leasing 88,200 sq. ft. in Mutha Towers.
While a few large deals made headlines, the majority of leasing activity came from medium to small-sized transactions, particularly those under 50,000 sq. ft.
A major trend this quarter was the rise of GCCs. They leased around 1.5 million sq. ft. in Pune. Nationally, GCCs absorbed 7.3 million sq. ft. in H1 2025. This made up 36% of total office demand across major cities..
Sustainability continued to be a key focus, with approximately 77% of the total leasing in Pune happening in green-certified buildings. Moreover, 93% of the new supply added in the city during the quarter was also green-certified, indicating a growing demand for sustainable and future-ready office spaces.
Across India, the office sector remained resilient. The first half of 2025 saw overall office leasing touch 39 million sq. ft., a 3% increase compared to the same period last year. New supply across the country touched 27.7 million sq. ft., a year-on-year growth of 19%.
Commenting on the market performance, Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & Africa at CBRE, said, “The first half of 2025 has been exceptional for India’s office market. The sustained momentum reflects strong confidence in the country’s economic outlook and its role as a preferred business destination.”
Pune is seeing strong demand for office space. There’s a growing focus on sustainable development. A healthy supply pipeline supports this growth. Pune is emerging as a key office destination for global and Indian businesses.
