Despite evolving global policies, commercial office leasing activity in India for top six cities has remained resilient and continues to show strong momentum. However, ICRA will closely monitor the situation, as macroeconomic and geopolitical factors evolve.

• Pune recorded 9.9 million square feet (msf) of fresh Grade-A office supply in FY2025 and 4.4 msf in Q1 FY2026, against net absorption of 7.7 msf and 2.5 msf.
  
• As on June 30, 2025, Pune accounts for 11.7% (~120 msf) of the Grade-A office space across India’s top six cities.