City contributes 11% to India’s total office stock
Pune has emerged as one of India’s most dynamic and cost-effective office markets, a report by real estate advisor Knight Frank India has said. The report A Billion Sq Ft and Counting – India Office Supply Growth Story, said the demand for office space has been strengthened largely by technology businesses.
With a total office stock of 106 million square feet as of H1 2025, Pune contributes 11% to India’s commercial real estate landscape and has recorded an impressive CAGR of 8.9% since 2005, the report said.
Pune’s growth rate is the second highest and higher than the national average.Strategically located and supported by world-class educational institutions, Pune’s evolution from a traditional manufacturing base to a technology and innovation powerhouse has cemented its place in the country’s top-tier office markets.
PBDs Dominate Pune’s Commercial Landscape
Pune stands out for its strong peripheral orientation, with 51% of its office stock concentrated in Peripheral Business Districts (PBDs) such as Hinjewadi and Kharadi. These locations have emerged as major business corridors, thanks to proactive infrastructure investments and occupier preference for scalable, high-specification campuses.SBDs like Baner, Aundh, Kalyani Nagar, and Yerwada account for 38% of stock, offering a balance between accessibility and affordability. Meanwhile, CBDs, including traditional hubs like Camp, Bund Garden Road, and Deccan, contribute only 11% of total stock, reflecting the city’s decentralised, corridor-led growth pattern.
Modern, High-Quality Stock Powers Growth
Pune’s commercial stock reflects a strong inclination toward quality, with 50% of inventory classified as Grade A and the rest of the stock in other grades, the city boasts one of the most modern and efficient real estate footprints in the country. This healthy mix has allowed Pune to cater to a broad spectrum of occupiers from startups and SMEs to global technology giants and R&D centres.The presence of tech majors and multinational GCCs in PBDs, supported by lower rentals and a robust talent pipeline, continues to drive sustained demand for high-quality office spaces.
