How Did Pune’s IT Exports Double to Rs 1.05 Lakh Crore in Just 5 Years?
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Synopsis
Pune is witnessing an incredible surge in its IT exports, doubling within five years to Rs 1.05 lakh crore. This transformation is reshaping the city's real estate and economic landscape, making it a prime location for Global Capability Centres. Discover how Pune is becoming a significant player in India's commercial real estate and IT sectors.
Key Takeaways
- Pune has doubled its IT exports to Rs 1.05 lakh crore.
- The city holds 13 percent of India's 'Grade A' office stock in the supply pipeline.
- There are over 360 Global Capability Centres in Pune.
- Pune's Grade A office spaces offer an average rental discount of 14 percent compared to the national average.
- 97 percent of upcoming office supplies are green-certified.
New Delhi, Sep 11 (NationPress) Pune has secured 13 percent of India's 'Grade A' office inventory currently in the supply pipeline, driven by the city's IT exports, which have remarkably doubled over the past five years, as revealed in a recent report.
The real estate landscape in Pune has transformed into a thriving commercial hub, making it the third-largest software export center in India, with IT exports reaching an impressive Rs 1.05 lakh crore. This information is sourced from a report released by the real estate services firm JLL and NAREDCO.
Pune's 'Grade A' office inventory in the supply pipeline stands at a substantial 223 million square feet, slated for availability by the close of 2028.
The IT industry plays a vital role, contributing 23 percent to the city’s GDP, while manufacturing continues to thrive across the MIDC industrial clusters, according to the report.
Currently, Pune boasts 89.2 million square feet of operational Grade A office stock. Additionally, the city hosts over 360 Global Capability Centres (GCCs) spanning BFSI, manufacturing, and technology sectors, thereby strengthening its robust and diverse ecosystem.
Grade A office spaces are available at an average rental rate of Rs 82.3 per square foot monthly—a noteworthy 14 percent discount compared to the national average.
“Besides pricing, reduced traffic congestion and exceptional connectivity present an appealing value proposition for companies optimizing their real estate investments,” stated Sanjay Bajaj, Senior Managing Director, Pune, Executive Oversight (Logistics and Industrial), India, JLL.
“In Pune, the synergy of infrastructure development, demographic advantages, and economic diversification creates a framework for sustainable urban growth,” Sanjay added.
Moreover, the projected addition of 0.4 million new employees over the next five years is driving demand in the residential real estate market.
“Extensive road networks and metro connectivity seamlessly linking residential, commercial, and industrial areas enhance the city's appeal,” highlighted Dr. Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.
Almost 97 percent of the office supply expected to be launched in the next three years is green-certified, aligning with the nation's sustainability goals, the report disclosed.
Point of View
Pune's remarkable growth in IT exports and commercial real estate signifies the city's evolving role in India's economic landscape. As the nation navigates its development journey, Pune stands out as a beacon of growth, driven by innovation, infrastructure, and a skilled workforce. The commitment to sustainability and economic diversification further solidifies Pune's status as a vital player in India's progress.
NationPress
11/09/2025
Frequently Asked Questions
What percentage of India's 'Grade A' office stock does Pune hold?
Pune holds 13 percent of India's 'Grade A' office stock currently in the supply pipeline.
How much have Pune's IT exports increased in the last five years?
Pune's IT exports have doubled to Rs 1.05 lakh crore over the last five years.
How many Global Capability Centres are in Pune?
Pune is home to over 360 Global Capability Centres (GCCs) across various sectors.
What is the average rent for Grade A office spaces in Pune?
The average rent for Grade A office spaces in Pune is Rs 82.3 per square foot per month.
What is the expected growth in the number of employees in Pune?
Pune is expected to see an addition of 0.4 million new employees over the next five years.
