Pune’s real estate market is booming, with office leasing hitting a decade-high of 10.8 million sq ft in 2025, marking a 36% year-on-year growth. The city’s office market is driven by third-party IT/ITeS firms and Global Capability Centres (GCCs), with Peripheral Business District (PBD) East dominating leasing activity.
The residential market, on the other hand, has entered a phase of measured consolidation, with housing sales declining marginally by 5% YoY to 26,552 units in H2 2025. However, prices continued to rise, increasing 5% YoY to an average of INR 5,016 per sq ft in H2 2025. The INR 5-10 million segment emerged as the most active, accounting for 46% of residential sales in H2 2025.
According to P Vilas, National Director, Knight Frank India, “Pune’s residential market is clearly recalibrating, with price stability and sustained end-user demand in well-connected micro-markets continuing to anchor the market”. The city’s premium housing segment is driving growth, with high-end and luxury homes accounting for nearly 48% of total launches in 2025.
