In real estate, strong decisions come from strong data. For investors and businesses exploring office space in Pune, it’s not enough to look at glossy brochures, it’s about understanding supply, demand, and absorption. As Pune’s market heads into the second half of 2025, here’s what the numbers say, and how central corridors like JM Road fit into the bigger picture.
Pune’s Market in 2025: Absorption on the Rise
According to Cushman & Wakefield’s Q1 2025 report, Pune recorded 2.07 million sq.ft. of net absorption, its highest in five quarters (Cushman & Wakefield, Q1 2025). This momentum continued into Q2, with net absorption touching 2.2 million sq.ft., supported by demand from IT, BFSI, and flex operators (Cushman & Wakefield, Q2 2025).
For context, Savills India noted that Pune’s gross absorption in H1 2025 was 8% higher YoY, reflecting steady occupier demand across sectors (Savills, H1 2025).
Vacancy and Supply: A Balancing Act
New supply has been robust. In Q2 2025, Pune added 4.8 million sq.ft. of Grade-A supply, contributing to a vacancy rise to 13.1% (Cushman & Wakefield, Q2 2025). While vacancy has inched up, this is largely in peripheral zones where large new campuses are concentrated.
Central areas like JM Road see far less new supply due to land scarcity and redevelopment challenges. This makes vacancy less of a concern, units here rarely stay unoccupied, as demand outpaces the trickle of new projects.
Rental Growth: Slow but Steady
Despite vacancy pressure, rents in Pune have shown resilience. JLL reports a 3.2% YoY rental growth in Q2 2025, supported by consistent absorption and occupier confidence (JLL Q2 2025).
For investors, this means rental income remains stable, and in supply-constrained corridors, yields can outperform the city average.
Sector Demand: Who’s Driving Growth?
Savills notes that IT/ITES and tech continue to lead leasing in Pune, while BFSI and flexible workspaces have increased their share in H1 2025 (Savills H1 2025). This tenant diversity strengthens market fundamentals, making commercial property less dependent on a single sector.
Where JM Road Fits In
JM Road doesn’t compete with Hinjewadi’s tech parks or Kharadi’s IT campuses. Instead, it caters to professional services, consultants, healthcare, and client-facing businesses that value centrality, visibility, and prestige. Here’s why JM Road holds strong in 2025:
- Scarcity of supply: No vacant land; only limited redevelopment opportunities
- Tenant diversity: Doctors, CAs, legal firms, financial services, boutique corporates
- Connectivity: Metro opposite, access to Shivajinagar, Deccan, and FC Road
- Brand impact: Addresses here enhance credibility, unlike oversupplied outskirts
Maverick: A Data-Aligned Opportunity
Maverick – The Topnotch Commercial Spaces, by Namrata Group, represents what data suggests investors should seek:
- Central location with scarcity-driven stability
- Future-ready features (5-level robotic car park, metro adjacency, premium façade)
- Professional ecosystem support in Pune’s CBD
While vacancy rises in peripheries, Maverick sits in a corridor where demand is durable and supply is limited, a combination data consistently shows to be investor-friendly.
Conclusion: Data Favors Stability
The numbers are clear. Pune’s office market is growing, but much of the supply and vacancy pressure is peripheral. In central corridors like JM Road, scarcity preserves value and enhances long-term returns.
For those considering JM Road commercial property, Maverick aligns with both market fundamentals and investor logic. It’s not just a new project, it’s a data-backed opportunity in the heart of Pune.
Explore Maverick: www.namratamaverick.com
Contact: +91 90247 76600
Follow: @namratamaverick
