Pune Emerges as India’s Industrial Real Estate Leader with 2.5X Growth Since 2019
Pune is fast emerging as India’s industrial real estate powerhouse, with a significant transformation underway in both scale and quality. According to a new JLL report, the city’s net industrial space absorption has skyrocketed from 4.2 million sq. ft. in 2019 to 11.3 million sq. ft. by the end of 2024 marking a 2.5X jump and an impressive CAGR of over 20%. This remarkable growth has helped Pune outpace even metro heavyweights like Mumbai and Delhi-NCR for the second consecutive year. In the same period, the city’s total industrial stock grew from 24.2 to 60.9 million sq. ft., with Grade A facilities now making up 75% of the inventory an indicator that Pune’s industrial market is no longer just expanding but evolving.
Much of this momentum is driven by Pune’s strong foundation in automotive and engineering, which still accounts for 65% of all transactions. However, rising demand from FMCG, pharma, and construction sectors, combined with increased foreign investments and a growing presence of global OEMs especially from Germany, South Korea, and Japan has brought diversity and resilience to the ecosystem. The city’s industrial profile now reflects global standards, and projections suggest that the total inventory will more than double by 2030, crossing 140 million sq. ft. Industry leaders say Pune is becoming a top destination for premium infrastructure and future-ready industrial development.
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