Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
Pune’s commercial real estate market surged in early 2025, driven by rising demand from Global Capability Centres (GCCs) and flexible office spaces. Office leasing jumped 91% year-on-year, with coworking spaces making up 43% of total activity. Key hubs like Baner-Balewadi continue to lead this rapid growth.
READ MOREPune’s office space market grew 19% in 2024, leasing 80 lakh sq ft, driven by global firms, technology companies, and flexible workspaces. New supply surged 58%, and rentals reached ₹77 per sq ft. With Grade A spaces in demand and GCCs dominating, Pune is emerging as a top business hub.
READ MOREIndia Accelerator launches a 23,000 sq. ft. coworking space in Pune, catering to startups, freelancers, and businesses. Equipped with modern amenities, the 500-seat facility fosters collaboration and innovation through community events. Backed by mentorship and funding, IA supports Pune’s thriving startup ecosystem, which is ranked South Asia’s 5th largest innovation hub.
READ MOREAccording to Knight Frank, Pune has emerged as India’s second-largest coworking hub, with 123 office space collaborations since 2018. The city’s appeal lies in flexible, cost-effective workspaces, attracting businesses of all sizes. As demand rises, Pune’s coworking landscape reshapes office trends nationwide, second only to Bangalore.
READ MOREIn partnership with Tribeca Developers, the Trump Organisation will launch its first Trump-branded office complex in Pune by 2025, marking a shift from residential to commercial real estate in India. This expansion includes six new projects across major cities, reinforcing India as the largest hub for Trump properties outside the U.S.
READ MORENvidia has renewed its 10-year lease for 375,000 sq ft of office space in Pune’s Yerwada at Commerzone Tower. The deal includes a 5% annual rent escalation. This renewal underscores Nvidia’s commitment to India’s growing tech landscape, focusing on AI, GPUs, and cloud computing innovations.
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