Pune recorded gross office leasing of 3.22 million sq ft in Q2 2026 — up 54% quarter-on-quarter and 13% year-on-year — making it one of the strongest commercial quarters the city has seen, according to Cushman & Wakefield’s Q2 2026 Office Market Beat report released July 17. Global Capability Centres drove 52% of demand, contributing 1.66 million sq ft, while flexible workspace operators emerged as the single largest occupier category at 45% share. The H1 2026 leasing total for Pune now stands at 5.31 million sq ft. The commercial surge is running alongside a residential record — Pune also registered 13,756 new housing unit launches in Q2, the highest quarterly supply in three years, with mid and high-end segments accounting for 78% of new supply. At the pan-India level, office leasing hit 43 million sq ft in H1 2026 — the highest first-half volume on record — with GCCs accounting for 38% of total demand nationally.
What this means for the trade: Pune is firing on both commercial and residential cylinders simultaneously — project sales teams covering the market should be mapping GCC office fit-outs and mid-to-premium residential completions as twin demand streams for tiles, stone, and sanitaryware specification work through H2 2026.
