News Room

Pune, 10th July 2026: Knight Frank India, in its latest report, India Real Estate H1 2026, highlighted Pune’s continued real estate momentum, with the city recording its highest-ever half-year office leasing volume while maintaining healthy residential demand during the first half of 2026. The office market witnessed gross leasing transactions of 6.6 mn sq ft, registering a 29% year-on-year (YoY) increase despite a high base in the corresponding period last year. The growth was driven by strong occupier demand from Global Capability Centres (GCCs), flex operators and third-party IT/ITeS companies, supported by larger deal sizes and sustained demand for Grade A office developments. Office Market Highlights of Pune Note: 1. 1 square metre (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research On the residential front, Pune continued to witness healthy end-user demand with 24,890 housing units sold during H1 2026, a 2% YoY increase. Developers remained confident about the market outlook, launching 31,116 new housing units, reflecting a 17% YoY growth. Residential prices also continued their upward trajectory, increasing 5% YoY to an average of INR 10,063 per sq ft. Pune’s office market recorded its strongest half-year leasing performance on record during H1 2026, underlining the city’s growing importance as one of India’s leading commercial office destinations. Gross office transactions stood at 6.6 mn sq ft, driven by sustained occupier demand across multiple sectors despite elevated leasing levels in the previous year. The increase in leasing activity was supported by several large-format transactions from Global Capability Centres (GCCs), flex operators and third-party IT/ITeS firms. Campus-style office developments across Kharadi, Hinjawadi and Baner continued to attract occupiers seeking scalable Grade A office space. While office demand strengthened, new office completions moderated to 3.9 mn sq ft, a 55% YoY decline, following record supply additions in the previous year. The moderation in fresh supply, coupled with sustained leasing activity, resulted in the city’s vacancy level declining by 80 basis points to 14.1%, indicating improving market fundamentals. The occupier profile remained well diversified during H1 2026. Flex operators emerged as the largest occupier segment, accounting for 33% of leasing activity, followed closely by Global Capability Centres at 32%, up from 25% a year ago. GCC demand was led by occupiers across the BFSI, manufacturing, engineering and technology sectors, signalling the continued expansion and diversification of Pune’s GCC ecosystem beyond its traditional IT base. Third-party IT/ITeS companies contributed 16% of leasing activity, while India-facing businesses accounted for the remaining 19%. Source: Knight Frank Research Leasing activity also became more geographically diversified across Pune’s business districts. Peripheral Business District (PBD) West emerged as the city’s largest office destination, accounting for 33% of transactions, more than doubling its share compared to H1 2025, supported by large contiguous office spaces in Hinjawadi and Wakad. PBD East remained another key office hub, while SBD East increased its share to 26%, reflecting growing occupier interest across multiple office corridors. Average office rentals increased 6% YoY to INR 81.7 per sq ft per month, reflecting sustained occupier demand for quality office assets despite ongoing development activity across the city. Vilas P Menon, National Director – Occupier Services, Capital Markets & Branch Head, Pune, Knight Frank India, said, “Pune’s office market continues to demonstrate remarkable resilience, recording its strongest half-year leasing performance to date. Robust demand from GCCs, flex operators and technology-led occupiers, coupled with improving infrastructure and expanding metro connectivity, reinforces the city’s position as one of India’s most preferred commercial destinations. As a healthy supply pipeline comes on stream, Pune remains well placed to sustain its long-term growth trajectory.” Looking ahead, Pune’s office market is expected to benefit from continued infrastructure investments, including the phased rollout of Metro Line 3 connecting Hinjewadi and Shivajinagar, planned metro expansion towards Kharadi and Hadapsar, and a healthy office supply pipeline expected during the second half of the year. These developments, alongside continued GCC expansion, are expected to support demand across both established and emerging office districts. Residential Market Highlights of Pune Pune’s residential market maintained healthy momentum during H1 2026, supported by sustained end-user demand and strong developer confidence. Housing sales increased by 2% YoY to 24,890 units, while new launches rose by 17% YoY to 31,116 units, with developers focusing on Pune’s western and eastern growth corridors, where employment hubs and improving connectivity continue to drive demand. PUNE RESIDENTIAL MARKET SUMMARY Note: 1 square metre (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research Residential price appreciation remained broad-based across Pune’s key micro-markets, with the city’s average residential price increasing 5% YoY to INR 10,063 per sq ft. Locations such as Baner, Kharadi and Hinjewadi continued to witness healthy buyer interest owing to their proximity to major employment centres, improving connectivity and projects offering larger homes and enhanced lifestyle amenities. The composition of housing demand continued to move towards higher-value homes during H1 2026. The share of homes priced below INR 5 mn declined, while the INR 5–10 mn and INR 10–20 mn categories accounted for a larger share of overall sales. Demand for homes priced above INR 20 mn also remained steady, reflecting buyers’ continued preference for larger, premium residential developments. Pune ticket size split comparison of sales during H1 2025 and H1 2026 Source: Knight Frank Research During H1 2026, Pune recorded the highest YoY percentage growth in luxury housing across the leading eight metros in the country. The city witnessed a growth of 54% YoY in the INR 20-50 mn segment. The ticket size of below INR 5mn saw a drop of -8%. TICKET-SIZE SPLIT OF SALES   Pune West remained the city’s largest residential market during the period, led by Hinjewadi, Wakad, Baner and Mahalunge, while Pune East, anchored by Kharadi, Wagholi and Hadapsar, continued to account for a significant share of residential activity. Together, these two corridors remained the primary centres of housing demand, supported by established employment hubs, expanding infrastructure and a steady pipeline of new residential developments. Launch activity also remained concentrated across Pune’s western and

Pune, 9th July 2026: Gera Developments Private Limited (GDPL), pioneers in premium residential and commercial real estate in Pune, Goa, Bengaluru, and California, today released the July 2026 edition of its bi-annual report, The Gera Pune Residential Realty Report. Now in its 15th year, it remains Pune’s only census-based real estate study of its kind, covering over 2,900 active projects and more than 3.4 lakh under-construction homes citywide, and presents an authoritative, data-driven view of market dynamics for the 12 months ended June 2026. This year’s edition captures a market at an inflection point. After three years of declining sales, Pune’s residential real estate market staged a recovery, with offtake rising 7% to 92,341 units in the 12 months ended June 2026, the first clear rebound after three soft cycles. However, the shape of this recovery matters as much as its scale: it was led almost entirely by mid- and large-format homes. The 1,401–1,600 sq. ft. band grew by a third and the 1,201–1,400 sq. ft. band rose 17%, while the 600–800 sq. ft. segment, long the market’s volume backbone, fell 19% for the seventh consecutive year. The upgrader, rather than the first-time buyer, is driving this cycle. Developers have responded to the demand revival with considerable conviction. New launches climbed 14% to 101,085 units, outpacing the sales recovery and pushing the replacement ratio to 1.09, meaning more homes are being added to the market than are being sold. The clearest expression of this imbalance is the value of unsold inventory, which rose 28% to an all-time high of ₹92,110 crore. Inventory overhang across the city rose to 11.3 months from 10.8 months a year ago, with the strain concentrated in the Premium Plus segment, where overhang reached 13.5 months, the highest of any price band, while Budget homes remained the tightest at 10.1 months. Even as inventory built up, price growth moderated meaningfully. The city-wide average rate touched a record ₹7,082 per sq. ft., but grew just 4.8% year-on-year, down from 7.3% growth in the previous year, meaning prices are now rising roughly a third more slowly than they were a year ago. This cooling in prices, combined with income growth of approximately 5.9%, allowed the affordability index to improve for the third consecutive half-year, easing to 3.94 times annual income from 3.98x a year earlier. This marks the first time in five years that salary growth has outpaced the rise in home prices, a meaningful shift for the salaried home buyer. Speaking about the findings, Mr Rohit Gera, Managing Director, Gera Developments Private Limited, said: “After three years of slowing sales, we are finally seeing the market turn a corner. Home sales are up 7% year-on-year, and importantly, this recovery has come even as price growth eased to 4.8% from 7.3% a year ago, proof that a moderation in price increases, rather than discounting, is what’s bringing buyers back. At the same time, the market is undergoing a clear structural shift in buyer preferences. Demand has steadily moved away from smaller homes towards larger formats over the past few years. While homes up to 1,000 sq. ft. have witnessed a sharp decline in sales, larger homes above 1,400 sq. ft. have recorded the strongest growth, indicating that today’s market is increasingly being driven by upgraders rather than first-time homebuyers. However, developers have responded to this recovery with considerable enthusiasm; new launches are up 14%, comfortably outpacing sales. This has pushed the value of unsold inventory to an all-time high of ₹92,110 crore, a build-up the industry needs to watch carefully. On the affordability front, there is genuinely good news: for the first time in five years, salary growth has outpaced the rise in home prices, pulling our affordability index back below 4x annual income. Homes remain well within reach of the salaried buyer. My caution to the industry, however, is this, we cannot let supply continue to outrun demand indefinitely. Excess inventory, if left unchecked, is good for no one; it slows cash flows for developers and can delay project execution, which ultimately hurts the very home buyers it appears to benefit.” He added, “The challenge for the industry is that price growth has moderated at precisely the time construction costs have risen sharply, driven by input and commodity price pressures. While some of the pressure on material and labour costs has eased with the improving geopolitical situation, costs remain well above pre-March levels. If they were to revert to those earlier levels, developers would largely be able to absorb the impact. However, the more likely scenario is that costs will settle somewhere in between, in which case some increase in home prices will be warranted to maintain project viability. For home buyers, this may translate into some excellent buying opportunities, particularly in segments like Premium Plus where inventory is highest, but as always, the financial strength and track record of the developer matters more than ever.” Market Trends and Analysis: Supply concentrates in two corridors: Zone 6 (PCMC) and Zone 4 (West / IT corridor) together accounted for over 60% of the city’s new supply. West Pune commands the highest prices at ₹8,592 per sq. ft., while PCMC remains the affordability anchor at ₹5,773 per sq. ft. Configuration mix shifts decisively: 3-BHK homes now make up 33% of new launches, while 1-BHK launches have fallen to just 10%, a near-complete reversal from six years ago that structurally narrows choices for entry-level buyers. Ready stock remains genuinely scarce: Despite record overall inventory, only about 2,065 ready-to-move-in units are currently available city-wide out of 86,954 unsold homes, buyers seeking immediate possession still face a thin market. Looking Ahead: Pune’s residential market enters the second half of 2026 in one of its healthiest overall balances in years, but its next chapter will be shaped chiefly by developer discipline. In Gera’s base-case view, sales should hold broadly in the 92,000–95,000 unit range as the recovery matures, price growth should stay in the 5–6% range, and developers are expected to moderate

Pune, 7th July 2026: Pune’s office market recorded its all-time-high quarterly leasing performance in Q2 2026 (April-June), with gross absorption touching ~4.1 million square feet (mn. sq. ft.), according to CBRE South Asia Pvt. Ltd.’s latest flagship report ‘India Office Figures’ for Q2 2026. The quarter’s leasing in the city was led by flexible space operators, which accounted for 38% of total demand, followed by infrastructure, real estate & logistics firms (19%) and technology occupiers (16%). The new supply in Pune stood at ~3.2 mn. sq. ft. during the quarter, as the city continued to feature among India’s leading supply markets. Pune, Bengaluru and Ahmedabad together accounted for 73% of the country’s Q2 2026 office completions. Pune’s record quarter forms part of a broader all-India trend of scaling leasing and supply. India’s office sector recorded its highest-ever quarterly absorption of ~24.6 mn. sq. ft. in Q2 2026, up 18% quarter-on-quarter (Q-o-Q), with the record supply of ~21.0 mn. sq. ft., up 91% Q-o-Q. Pune also featured among the top contributors to India’s large-format transaction activity, together with Bengaluru and Hyderabad, accounting for a combined 68% share of all deals above 200,000 sq. ft. signed during the quarter. The city’s flex-led leasing also echoed the pattern seen in Delhi-NCR, which recorded its own highest-ever quarterly flex space take-up in Q2 2026, reinforcing flexible space operators’ expanding footprint across India’s core office markets. On a pan-India level, flexible space operators were the leading occupier segment with a share of 27%. Flex, technology and BFSI firms together drove nearly 63% of Q2 2026 leasing and 59% of H1 2026 leasing. During the quarter, GCCs accounted for 42% of Q2 2026 absorption, while about 76% of new completions during the quarter were green-certified – trends increasingly visible in Pune’s own office landscape, where flex operators and technology occupiers continue to gravitate toward sustainable, tech-enabled campuses. “India’s office market continues to demonstrate its structural depth and resilience, delivering back-to-back record quarters even as the world navigates a volatile geopolitical and economic backdrop,” said Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East & North Africa, CBRE. “This strength is broad-based from GCCs deepening their presence to flexible space operators scaling rapidly across gateway and emerging cities alike. We expect this momentum, anchored by strong fundamentals and sustained occupier confidence, to continue through the rest of 2026.” Ram Chandnani, Managing Director, Leasing Services, India, CBRE, said, “The demand across cities, asset classes and occupier types remains consistent. Occupiers are prioritising quality, sustainability and flexibility in equal measure – reflected in the scale-up of flex space adoption, the continued dominance of green-certified assets, and record activity in markets like Delhi-NCR and Pune. With investment-grade supply remaining tight relative to demand, we anticipate sustained rental appreciation across core micro-markets in the coming quarters.” With Pune’s supply pipeline remaining strong and occupier interest sustained across flex, technology and infrastructure-led demand, CBRE expects the city to remain among India’s top-performing office markets through the rest of 2026.

Pune, 2nd July 2026: Global IT and consulting giant Accenture has strengthened its presence in Pune by leasing nearly 3.45 lakh sq ft of office space at Phoenix Millennium Tower in Yerawada under a 10-year agreement worth around ₹355 crore. According to property registration documents accessed by Hindustan Times, the long-term lease is one of the city’s significant commercial real estate transactions this year and reflects the continued demand for premium office spaces from multinational companies expanding their operations in Pune. The office space, spread across approximately 3.45 lakh sq ft, has been leased for a decade and includes a lock-in period, security deposit and periodic rent escalations, as is standard in large commercial leasing agreements. The latest deal comes at a time when Pune continues to attract major investments from global technology firms and Global Capability Centres (GCCs). The city’s skilled workforce, well-developed IT ecosystem and modern commercial infrastructure have made it one of India’s preferred destinations for multinational companies looking to expand. Accenture already has a significant presence in Pune, with offices employing thousands of professionals across consulting, cloud computing, artificial intelligence, cybersecurity and digital engineering. The new office space is expected to support the company’s growing operations in the city. The transaction is also another boost for Pune’s commercial real estate sector, which has witnessed sustained leasing activity despite changing workplace trends. Industry experts believe demand from large global occupiers continues to drive office space absorption across key business hubs in the city. With another marquee company committing to a long-term investment, Pune further cements its position as one of India’s fastest-growing technology and business destinations.

Pune, 26 June 2026: In a landmark initiative for the Indian real estate industry, the Professional Realtors of Pune (PROP), in association with the National Association of Realtors – India (NAR-India), will host PROP CONNECT 2026 on 6th July 2026 at JW Marriott, Senapati Bapat Road, Pune. The event is set to become one of India’s largest real estate networking and knowledge platforms, bringing together over 2,000 RERA-registered real estate professionals, developers, channel partners and industry leaders from 38 cities across the country under one roof. Organised with the theme “Connect. Collaborate. Grow.”, PROP CONNECT 2026 aims to create a national platform for business networking, deal sharing, knowledge exchange and strategic collaborations across the real estate ecosystem. Announcing the event, Udayan Mane, President, PROP, said: “Pune has emerged as one of India’s fastest-growing and most dynamic real estate markets. Through PROP CONNECT 2026, we want to showcase Pune’s growth story while creating a platform where developers, realtors and industry leaders from across India can connect, collaborate and build long-term business relationships. This is not just an event; it is a movement towards a more organised and collaborative real estate industry.” One of the biggest highlights of the event is the opportunity it offers builders and developers to interact directly with 2,000+ RERA-registered property consultants from across India. The platform will enable developers to showcase their projects, expand their channel partner network, generate business leads and build relationships with professional real estate consultants from multiple cities. The conference will also feature a power-packed knowledge agenda with some of India’s leading business and industry experts. Renowned business coach Rajiv Talreja will deliver a keynote session on business growth and leadership, while finance educator Sarthak Ahuja, real estate analyst Abhishek Gupta, AI expert Vaibhav Sasanty, and several other eminent speakers will share insights on technology, market trends, sales excellence, branding and the future of real estate. Sharing his thoughts on the event, Rajiv Talreja said: “In today’s competitive business environment, success depends on continuous learning, meaningful networking and strategic collaboration. PROP CONNECT 2026 brings all these elements together on one platform, creating tremendous opportunities for real estate professionals to scale their businesses and build lasting relationships.” The event will also feature: National networking with professionals from 38 cities Business exchange and referral opportunities Builder–Realtor Connect Technology and AI sessions Real estate market insights Awards and recognition for industry excellence Exhibition by leading real estate brands The program will include a special address by PMRDA Commissioner Dr. Abhijit Chaudhari on Pune’s future growth, along with sessions from industry experts. The event will conclude with a special performance by stand-up comedian Vipul Goyal. Speaking about the vision behind the initiative, Ramesh Toshniwal, Convenor – PROP CONNECT 2026, said: “PROP CONNECT 2026 is much more than a conference. It is a national platform where knowledge, networking and business opportunities come together. Every participant will return with valuable industry insights, meaningful business connections and new opportunities for growth.” Backed by the nationwide network of NAR-India, representing over 50,000 real estate professionals through 200+ associations, PROP CONNECT 2026 is expected to become a defining event for India’s real estate fraternity. With over 300 active members and a legacy of promoting ethical business practices and professional excellence, PROP continues to strengthen collaboration within the industry. PROP CONNECT 2026 is another significant step towards building a stronger, more connected and future-ready real estate ecosystem. Event Details Date: 6 July 2026 Venue: JW Marriott, Senapati Bapat Road, Pune Media Contact: PROP Office No. 11, Wonderland, M.G. Road, Camp, Pune – 411001 +91 84118 12000 info@prop.org.in www.prop.org.in

The Launching Ceremony of the 30th Well Built Structure Competition (WBSC) 2026 was successfully held in the gracious presence of our Chief Guest, Mr. Atul Kapole, Retd. Executive Director, Maharashtra Krishna Valley Development Corporation (MKVDC). On behalf of the Builders’ Association of India, Pune Centre, Mr. Ajay Gujar, Chairman, warmly welcomed the distinguished guests, members, and participants. In his inspiring keynote address, Mr. Kapole emphasized the critical importance of water conservation, reuse, and equitable distribution, highlighting water as a fundamental necessity and a right enshrined under the Constitution. He also appreciated the remarkable 29-year legacy of the Well Built Structure Competition, acknowledging its significant contribution to the construction fraternity and encouraging every construction professional to participate and showcase their excellence. The insightful session was followed by inspiring testimonials on the impact and legacy of WBSC by: Mr. Manoj Deshmukh – Past State Secretary, BAI Maharashtra Mr. Jayant Inamdar – Eminent Jury Member Mr. Jagannath Jadhav – Past State Chairman, BAI Maharashtra Mr. Kamalkant Wadelkar – Chief Editor , Abhiyanta Mitra Magazine The ceremony also witnessed the felicitation of the new Patron Members of BAI Pune Centre, recognizing their valuable association with the Centre. Delivering the Vote of Thanks, Mr. Mahesh Rathi, Hon. Secretary, BAI Pune Centre, urged the entire construction fraternity to participate in WBSC 2026 in large numbers and make the competition another grand success. Entries for WBSC 2026 are now OPEN! For entry forms and further information, kindly contact: Baipune1@gmail.com Let’s celebrate excellence in construction and continue the proud legacy of WBSC!