Market
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q3 2025 YoY Growth %
YTD Change %
Bengaluru
2.3
1.1
1
5.9
140%
-21%
Hyderabad
6.4
0 0
1.4
1.6
-61%
-67%
Mumbai
0.8
0.5
1.7
1.6
94%
-25%
NCR
1.6
0.2
3.9
1.5
42%
40%
Pune
0.6
3.5
5.3
1.1
-60%
92%
Chennai
1.2
0.2
0.8
0.4
1709%
79%
Ahmedabad
0.8
0
0.5
0.3
4%
-60%
Kolkata
0
0
0
0
–
-100%
All cities
13.7
5.5
14.6
12.4
8%
-11%
Source: Knight Frank Research
Mr Vilas further added, “Pune’s office market continues to display resilience with YTD growth of 7%. Occupier demand remains healthy, led by global capability centres (GCCs) and flex space operators that see Pune as a cost-effective hub with strong talent availability. With rentals moving upward by 4% YoY, the city continues to cement its position as a preferred occupier market in India.”
