Pune is a city that has undergone significant evolution over the years. It is one of the fastest-developing urban areas in India, particularly in the field of commercial real estate. Pune continues to expand rapidly in 2025 due to improved infrastructure, high business demand, and well-managed planning. Pune’s growth isn’t driven by just one or two industries; IT companies, manufacturing units, logistics firms, and leading educational institutions all play a part. This diverse ecosystem is helping the city’s commercial real estate market grow steadily and expand into new sectors. In this guide, we’ll explore the key commercial real estate trends shaping Pune in 2025.
About Pune Commercial Real Estate Landscape
The rise of Pune’s commercial property market is closely connected to its changing economy. Over the last 15 years, Pune has moved beyond being just an automobile and manufacturing center. Today, the city has over 800 IT companies. It is also home to a few Special Economic Zones (SEZs) and Grade A commercial constructions.
Business regions that have emerged as valuable are Hinjewadi, Kharadi, Baner and Magarpatta. This growth is also being accelerated by the Pune Metropolitan Region Development Authority (PMRDA). They are also paying attention to the construction of the infrastructure, not only in the city centre but also in its surrounding areas.
In 2025, the commercial real estate in Pune covers many different segments:
- IT and Corporate Office Buildings
- Retail Spaces, including High-Street Shops and Shopping Malls
- Warehousing and Logistics Parks
- Flexible Workspaces and Co-working Centres
- Hospitality-Commercial Mixed-Use Properties
Knowledge of these areas helps investors better determine where to invest and which opportunities to grab.
Key Commercial Real Estate Trends in Pune in 2025
1. Expansion of IT & Business Parks
Pune, after Bangalore and Hyderabad, is a significant IT and IT-enabled services hub. New tech parks and SEZs are expected to begin receiving international companies and national start-ups in 2025. The rise of hybrid workplaces is also fueling the demand for new, flexible, and technology-enabled work environments.
The most frequently chosen places for such offices are
- Hinjewadi Phase 1 and Phase 2
- Kharadi, including EON IT Park and World Trade Centre
- Magarpatta Cybercity
- Baner-Balewadi Technology Corridor
These areas are seeing more leasing activity because:
- They are close to residential neighborhoods.
- They have easy access to the Pune-Bengaluru Highway
- They offer large office spaces with modern infrastructure
- The government provides IT-related incentives here
Companies are also demanding green buildings that adhere to LEED certification. They want areas with energy-saving features, digital facilities such as smart access, and employee wellness zones.
2. Rise in Co-working and Managed Office Spaces
The trend of co-working in Pune gained momentum after the pandemic. This demand has further expanded in 2025, and areas that have experienced a significant increase include Koregaon Park, Baner, Kalyani Nagar, and Viman Nagar, among others. The trend shows that startups, small businesses and remote work teams are now finding it easier to lease ready-made offices instead of signing long-term leases.
Emerging companies such as WeWork, Awfis, 91Springboard and Smartworks are increasing co-working spaces in Pune. This rise is driven by:
- More flexible lease agreements
- Lower cost compared to renting traditional offices
- A focus on building community and networking spaces
- Fully serviced offices with shared facilities
Even large companies are choosing co-working hubs. They utilize these spaces to reduce costs and enhance employee comfort.
3. Growth of Retail Real Estate
Retail spaces in Pune are undergoing structural changes. The retail business is growing as individuals are well-paid and the city is expanding. Shopping malls as well as high-street shops are opening up to satisfy this demand.
Examples of some of the busiest high-street retailing locations are:
- FC Road, JM Road, and MG Road
- Koregaon Park and Kalyani Nagar
- Baner Road and Aundh
- Pune-Satara Road and Hadapsar
These areas attract shoppers, students, workers, and tourists every day.
Malls are also growing in new locations:
- New malls or mall extensions are being opened or added in Wakad, Pimple Saudagar and Kharadi.
- The current malls feature entertainment areas, food courts, and interactive shopping experiences.
- Real estate developers are constructing mixed-use developments comprising residential, retail, and office spaces.
In 2025, Pune’s retail market is experiencing an increase in the number of global brands entering. Meanwhile, small companies are expanding their territories in these new retail regions.
4. Warehousing & Logistics Growth Around Pune
Pune has become a hotspot of warehousing and logistics (through e-commerce, third-party logistics, fast-moving consumer goods (FMCG) and pharma). This is made possible by its proximity to Mumbai, as well as its excellent road connectivity. The industrial areas surrounding it also have an influence on it. Industrial zones nearby also play a role.
Key warehousing and logistics areas are:
- Chakan-Talegaon belt
- Ranjangaon MIDC
- Shirwal, located on NH4
- Pimpri-Chinchwad industrial area
Developers are building logistics parks that include:
- Large land parcels between 30 and 100 acres
- Built-to-suit (BTS) options customized for clients
- Grade-A warehouses with tall ceilings (over 40 feet)
- Truck terminals, solar energy setups, and IoT tracking tools
Pune’s warehousing sector is experiencing rapid growth. Experts anticipate a growth rate of 15-18% annually through 2025. This makes it an attractive market for both investors and developers.
5. Hospitality-Commercial Hybrid Spaces
A new trend in 2025 is the growth of mixed-use spaces that combine hotels, service apartments, and office areas. This is happening due to steady demand from business travellers, consultants, and medical tourists.
These properties often include:
- Serviced apartments for short and long stays
- Business centers with meeting spaces
- Short-term rental office setups
- Spaces for conferences and events
Locations such as Kharadi, Viman Nagar, and SB Road are seeing an increase in these hybrid spaces. They attract steady foot traffic from diverse customer groups and provide attractive rental returns for investors.
Top Micro-Markets for Commercial Investment in Pune
1. Kharadi
- EON IT Park, World Trade Centre, and SEZs are located here
- Road and upcoming metro connectivity are strong
- High demand for offices and co-working spaces
- Retail projects are also growing steadily
2. Hinjewadi
- This is one of India’s largest IT zones
- Several phases offer office parks and hospitality options
- Commercial leases get absorbed quickly here
- Good for investors looking for long-term returns
3. Baner-Balewadi
- This is becoming a top commercial destination
- IT, finance, and consulting firms are driving demand
- The area has premium retail spaces and food outlets
- Co-working offices are expanding fast
4. Wagholi & Lohegaon
- This area is becoming a warehouse and logistics hub
- Land is still affordable here for BTS warehouse projects
- Easy access to the Pune-Nagar highway
- Close to the airport and manufacturing units
Growth Prospects in Pune Commercial Market
As per the Cushman Wakefield, the average growth prospects for different commercial assets in Pune in 2025 are as follow:
| Asset Type | Growth Prospects (2025) |
| Retail Spaces (High Street) | 38% q-o-q growth |
| Warehouses | 12% |
| Office Space | 13% |
As prices continue to rise, Pune’s market offers a mix of rental income and property value appreciation, especially in new and emerging areas.
Challenges Facing Pune’s Commercial Real Estate Market
1. Infrastructure Lag in Some Areas
Rapidly developing zones like Wagholi and Talegaon sometimes face problems. These include poor road connections, power supply issues, or water shortages. This affects property value and occupancy rates.
2. Regulatory Approvals & Project Delays
Even with RERA in place, some commercial projects face delays. These issues often arise due to slow permissions, environmental compliance issues, or legal land disputes. Investors should thoroughly review property titles and approvals.
3. Talent Retention & Office Occupancy
Hybrid work has changed how companies use office space. Some firms hesitate to sign long leases. Older buildings face higher vacancy rates. Investors should focus on top-grade offices with modern features.
Future Outlook for Pune’s Commercial Real Estate
The commercial real estate market in Pune is expected to grow steadily beyond 2025 due to:
- The metro and ring road projects are under development
- A strong startup and IT community with good funding
- Growth in EV manufacturing and green logistics
- REITs and large institutions are entering the office and warehouse sectors
- Consistent demand from both Indian and global businesses
Pune is now called Maharashtra’s “Next-Gen Business Capital.” For investors entering the market now, there is good potential for long-term returns before the market becomes too crowded.
Conclusion
As Pune’s commercial real estate sector continues to expand, selecting the right construction partner becomes crucial. Whether you’re planning to develop a tech park, retail showroom, office space, or logistics hub, quality, transparency, and timely delivery are non-negotiable. That’s why choosing a reliable and experienced commercial construction company is essential.
At Brick & Bolt, we offer:
- Complete commercial construction services
- Development of offices, retail, warehouses, and hybrid buildings
- Accurate cost estimates and project timelines
- Sustainable and smart designs
- Turnkey project management from start to finish
With Brick & Bolt, you can make sure your commercial project in Pune is ready for the future, meets all regulations, and delivers strong returns.
Mithali Konety