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Pune achieved one of its highest quarterly gross leasing volumes (GLV) at 3.2 msf, in Q2 2024, a 1.6x increase from the previous quarter, with flex space and BFSI sectors leading the activity. Residential rentals in high-density areas like Kothrud and Karve Nagar rose by 6-8% due to redevelopment. Mall vacancy dropped to 7.74%, owing to strong demand and high occupancy in newly opened malls. The automobile sector led warehousing leasing in H1 2024, accounting for 40% of total activity, driven by a significant deal in Talegaon - Chakan belt. Click on the link below for #FiveFastFacts on commercial real estate in the city. https://lnkd.in/dnc7cXmf For more market insights read, our MarketBeat Reports: https://lnkd.in/dsnpDVKi

The first nine months of 2024 witnessed healthy levels of office leasing, already crossing 47 million sq.ft. of gross absorption. Q3 alone has recorded 17.4 million sq.ft. of office space leasing, led by technology and BFSI players. Bangalore and Hyderabad led the demand, followed by Delhi-NCR and Pune. In conversation with CNBC_Awaaz, Vimal Nadar shares factors that are driving this robust activity. Read more about it in our press release here: https://ow.ly/PAvA50TzNWI #ColliersIndia #IndiaRealEstate #officedemand #officespace #officeleasing #leasingmarket #CRE #india

EFC (l) – Q2 FY 25 >Rental segment has contributed Rs 89.20 Crore (54% of total revenue), Design and Build business contributed 77.24 Crore (46% of total revenue). >Managed office sector, leased area increased to 1,75,000 square feet adding over 3600 seats across 4 centers in four existing cities. >Revenues up by 69.3 % and PAT up by 236% in Q2 FY 25 vs Q2 FY 24. >Total seat capacity has crossed 50,000 in number. >One of largest deal wins for D & B (Design and Build) is the contract with TCS with 18 Crore plus. >Order book for furniture division is strong and is poised for much better growth in the coming quarters. >Margins are lowest in Q1 and then higher in Q3 and Q4. >In Q1 most of the sites get developed and only in Q2 they start to give benefit. >The firm now is able to deal with much more organized leading to more predictable cashflows. >SMREIT is established or which EFC (I) will be the sponsor. All the assets will belong to SMREIT and management fees will come EFC. >The straight lead model with fixed rental to the landlord is more successful and sustainable as per the management as it has been using it for past 10 years resulting in an 90% occupancy rate. >65 to 70% business is with the large corporates, which are committed for the long duration. >The risk taken by the landlord which the firm is exposed to is taken care by corporates as there the duration is for 5 years with a minimum lock in for 3-4 years. >4 Floors are owned in Mari soft IT Park, Pune which is 1,00,000 square feet and also 43,000 in Wakewadi, Pune. >Aim to achieve 70,000 seats by the year end. >Will aim to achieve 60-75 Crore kind of revenue for furniture division in first year. >Will maintain seat rate at 6250 Rs. >For new seats average rates are increasing above 6500 Rs.   #Equity #Finance #Stockmarket #Investing

Here’s something fascinating I found. -At $167.74 per s.ft/month, the most expensive office space in the world is in Menlo Park, California. Imagine, in steep contrast, in Koregaon Park, Pune (a premium upscale area), rents for 1.5 - 2$ per s.ft/ month.   That’s almost 1/150th!. Imagine the impact on the balance sheet of organisations!. -Yes, large multinationals do need to position their head offices in capital cities of the world. -Yet, in today’s competitive environment, having very large offices in these cities could prove prohibitively expensive. Both from a manpower and rent perspective. Here’s why Pune must be on your list to have an office. 1) Qualified and trainable workforce at a fraction of the cost it would cost overseas 2) Global connectivity with Mumbai just next door 3) Low cost of rental and living while maintaining a high standard of city centric amenities compared with the above mentioned cities Inquiries from MNC’s and Indian companies based across the world are welcome. A Advani RealtyAnuj RanjanPallavi BhargavvaAdhiraj Tibrewal #offices #officeleasing #commercialeasing #Indianrealestate #globaltenants #tenants #punerealestate #pune

Pune Residential Report Pune's residential market saw a 7% y-o-y rise. Mid segment dominated with a 54% share. The south eastern markets also contributed 20% to mid-segment launches. The NH4-bypass and north-east submarket comprised 50% of the new launches in H1 2024. 3 Jul 2024 credit : cushmanwakefield https://lnkd.in/gyXrc-ym.

𝗥𝗶𝘀𝗶𝗻𝗴 𝗗𝗲𝗺𝗮𝗻𝗱 𝗳𝗼𝗿 𝗢𝗳𝗳𝗶𝗰𝗲 𝗦𝗽𝗮𝗰𝗲𝘀 𝗶𝗻 𝗣𝘂𝗻𝗲: 𝗔 2024 𝗢𝘂𝘁𝗹𝗼𝗼𝗸 Pune's commercial real estate market is experiencing a robust recovery as we move into 2024. The city's demand for office spaces is rising steadily, driven by the growth of IT and ITeS sectors, along with a surge in start-ups and small enterprises. In Q1 2024, Pune witnessed a significant net absorption of 1.3 million sq. ft., highlighting a resilient market despite global economic uncertainties. The increase in leasing activity underscores the city's growing appeal as a commercial hub, attracting both domestic and international businesses. In Q2 2024, Pune stands 6th among the top 7 cities (Delhi NCR, Mumbai, Bangalore, Chennai, Hyderabad, Pune, and Kolkata) and recorded 1.34 million sq. ft. of net absorption, accounting for 7.3% of the Pan-India Gross leasing volume share. 𝗦𝗲𝗰𝘁𝗼𝗿-𝘄𝗶𝘀𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗢𝗯𝘀𝗲𝗿𝘃𝗲𝗱 • Industrial Sector Recovery: Pune's industrial sector has shown remarkable resilience, with a recovery rate exceeding expectations. The city's strategic location and excellent connectivity make it a preferred destination for logistics and warehousing. In Q1 2024, the industrial sector saw an upswing in leasing activity, with over 1 million sq. ft. of space absorbed. • Retail Sector Recovery: The retail sector in Pune is also on a path to recovery, fueled by an increase in consumer spending and the expansion of e-commerce. New retail developments and the revival of existing spaces contributed to a positive market sentiment. Retail leasing activity in Q1 2024 recorded a 15% growth compared to the previous quarter. 𝗧𝗿𝗲𝗻𝗱𝘀 𝗮𝗻𝗱 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀 𝗢𝗯𝘀𝗲𝗿𝘃𝗲𝗱 • Technology Integration: Technology continues to play a pivotal role in shaping Pune's commercial real estate market. The adoption of smart building technologies and digital infrastructure is becoming increasingly prevalent. These innovations enhance operational efficiency, reduce costs, and improve tenant experiences. • Sustainable Development: Sustainability is at the forefront of commercial real estate development in Pune. Developers are prioritizing green building certifications and eco-friendly practices to meet the growing demand for sustainable spaces. This trend is driven by both regulatory requirements and the rising awareness of environmental impact among businesses. Sources: Cushman & Wakefield, JLL, MagicBricks, Agile Estates #commercialrealestate #punerealestate #realestatetrends #H12024updates Ashootosh Suudhir

Channel partner meetings are crucial for several reasons: 1. Alignment of Goals: They ensure that all parties are aligned on business objectives, strategies and performance metrics. This helps in setting clear expectations and fostering mutual understanding. 2. Strengthening Relationships: Regular interactions help build stronger relationships between the company and its partners. Trust and collaboration are enhanced, which can lead to better cooperation and support. 3. Information Sharing: These meetings provide a platform for sharing important updates, product information, market trends and best practices. This keeps partners informed and enables them to better represent and sell the products or services. 4. Problem Solving: They offer an opportunity to address any challenges or issues that may arise. By discussing these challenges openly, partners and companies can work together to find effective solutions. Overall, channel partner meetings are vital for fostering a collaborative environment that drives business growth and success. Today was more than a CP MEET. Lovely evening by BramhaCorp Ltd. at Sheraton Grand, Pune for the Channel Partners. Thank you Shri dinesh agarwal for the lovely event. Made new friends and met a few of my colleagues. Jyotesh Narang - Luxury Realtor Life Inspiration Advisory wa.me/917020586070 Real Estate is my Passion. I am here for my customer when they are ready. Engage to know more 🤝 Mumbai office: Nariman Point Pune office: Koregaon Park NX 🌐 www.lifeinspirations.in 🌐 www.jyoteshnarang.com #realestate #cpmeet #pune #realtor #commercial #residential #realtorlife #insights #Inspiration #Passion #customercentric

Did you know?🤔 In YTD 2023, Bengaluru, Pune and Delhi NCR lead the way in the rise of flexible office space, claiming market share of 30.7%, 18.4%, and 17.5% respectively.*🏢 The absorption for 2023 is already soaring past that of last year, with these cities shaping the future of corporate workspace strategies for better efficiency and employee experience. #hBits #ownyourbit #financialfreedom #wealthcreation #commercialrealestate #HighReturns #commercialproperties #NewOpportunity #WealthCreation #GrowYourMoney #FinancialFreedom #Investment #FractionalOwnership #Property #RealEstateInvestment #CommercialRealEstate #Bengaluru #FutureOfInvestment #bengalururealestate *Office Market Update: Q3 2023 Image Source: Real Estate Intelligence Service (REIS), JLL Research

🚨 Office space net leasing up by 44% in Q1 This demand surge marks the third-highest in the past 5 years. Mumbai sees a 3-fold jump📈, Bengaluru more than doubles, and modest growth observed in Delhi NCR. But Pune, Hyderabad, Kolkata and Ahmedabad see a decline. 🏢💼 #Bengaluru #Gurugram #OfficeSpace #RealEstate @CushWake.

Kamal Singal, Managing Director and CEO, of Ahmedabad based Arvind SmartSpaces spoke on their entry into Mumbai real estate market at the Q4FY24 earrings call👇 Mumbai, we have been a little conservative on a lot of projects and a lot of options are being evaluated. We keep coming close to acquiring 1 or 2 projects every now and then but I mean, it has not reached the finality, so to say, Singal said. He added, but we are very confident that within this quarter or next quarter, we should be able to acquire at least 1 or 2 large projects within the market of Pune and Mumbai put together. Vertical projects will more be concentrated in cities like Bangalore, Pune and Mumbai where there is still a very, very healthy robust demand and persistent demand coming in. Our clear focus is on the city of Bangalore, Pune and Mumbai when it comes to vertical projects, he further added. #realestate #MumbaiRealEstate #PuneRealEstate #ArvindSmartSpaces