Pune Industrial & Warehousing demand is expected to clock an all-time high of 7.5 million sq. ft in 2022: JLL
The forecasted supply is close to 60 million sq. ft until the end of 2025
Mumbai, 21 April 2022: The Pune industrial and warehousing market has grown rapidly, with the current stock at 33.2 million sq ft in 2021. The forecasted supply is close to 60 million sq. ft until the end of 2025. As we have seen, over the past few years, Grade A supply has attracted quality tenants. Pune has been a manufacturing hub since the 1960’s, and has attracted several large multinational corporations, focused on auto, auto and ancillaries, electronics, white goods, and some of the newer industries like Electric Vehicles (EVs) and renewables.
The supply is predominantly concentrated in the Northern part of the city namely Chakan and Talegaon and the Eastern belt starting from Phulgaon to Ranjangaon. Chakan and Talegaon account for almost ~70% of the industrial & warehousing supply, owing to the excellent ecosystem set up by the MIDC, including the physical infrastructure, roads, water, power, and connectivity to National Highways and JNPT.
|Supply average annual between 2017 & 2021 (Million sq ft)||4.1|
|Net absorption average annual between 2017 & 2021 (mn sq ft)||3.7|
|Rents as of 2021(INR per sq ft per month)||17-30|
|Stock as of 2021(mn sq ft)||33.2|