Pune, October 2026: Pune’s office market recorded a strong first half of 2026, with Grade-A gross office absorption reaching 6.4 million sq. ft., marking a 56% year-on-year increase and the highest half-yearly absorption recorded in the city in the last decade, according to the Savills India Office Market Watch – H1 2026.
The performance also highlights the growing importance of Global Capability Centres (GCCs) in Pune’s commercial office ecosystem.
GCCs Account for 42% of Pune’s Office Absorption
GCCs leased approximately 2.7 million sq. ft. of office space in Pune during H1 2026, accounting for nearly 42% of the city’s total gross absorption.
Among India’s top six office markets, Pune ranked as the third-largest GCC leasing market during H1 2026. The report notes transactions involving organisations such as BP Business Solutions, Accenture Solutions, Maersk Global Service Centres, Deutsche India, Optum Health & Technology and Boston Scientific, reinforcing the city’s position as an important destination for GCC operations.
Technology Remains a Major Demand Driver
Pune’s office demand remained diversified during the first half of 2026.
The IT-BPM sector accounted for 40% of gross office absorption, followed by flexible workspaces at 16% and engineering & manufacturing at 15%. Healthcare & pharma accounted for 8%, while BFSI contributed 6%.
This mix reflects Pune’s established strengths across technology, engineering, manufacturing and other knowledge-intensive industries.
The report also notes that Pune’s GCC profile has strengthened over the past few years, with the GCC share of office absorption increasing from 39% to 45% between H1 2022 and H1 2026. The growth has been supported by demand from technology, engineering and manufacturing occupiers.
Large-Scale Occupiers Continue to Shape the Market
Large office transactions remained a defining feature of Pune’s H1 2026 market. Transactions of 100,000 sq. ft. and above accounted for 56% of total leasing activity, reflecting continued expansion by global occupiers and large enterprises.
At the city level, the SBD East micromarket accounted for 44% of total absorption, followed by PBD West at 31%, SBD West at 14% and CBD at 10%.
What the Numbers Mean for Pune’s GCC Ecosystem
The H1 2026 data indicates that Pune’s GCC story is increasingly connected to the city’s broader office and business ecosystem.
The combination of a strong technology base, engineering and manufacturing capabilities, skilled talent and an established commercial real estate market is supporting continued demand from global enterprises.
With Pune’s office absorption reaching 6.4 million sq. ft. in H1 2026, and GCCs contributing approximately 2.7 million sq. ft., the city continues to strengthen its position within India’s evolving GCC landscape.
Pune GCC Outlook
Savills expects Pune’s office market to record approximately 9.0 million sq. ft. of gross absorption during 2026. Technology is expected to remain the primary driver of leasing demand in H2 2026, while flexible workspaces are expected to sustain their momentum. Healthcare & pharma, real estate, and research & consulting are also expected to contribute to leasing activity.
For Pune’s GCC ecosystem, the trajectory highlights a broader shift: GCCs are increasingly becoming an anchor of office demand, while Pune’s technology, engineering and manufacturing strengths continue to support the city’s evolution as a global business destination.