Outlook 2023 India

PUNE

RENT GROWTH

RENT (INR/SQFT/YR) AND RENT GROWTH (% PER ANNUM)

FORECAST

1,140

2.5%

 Rent growth is expected to be around 2% by the end of 2022 and the market will continue to remain tenant-favourable.  Due to high demand in SBD East, the select sub-market is likely to boost the city-level rentals in 2023 2024.

1,120

2.0%

1,100

1,080

1.5%

1,060

1,040

1.0%

1,020

1,000

0.5%

980

0.0%

960

2020

2021

2022F 2023F 2024F 2025F 2026F

Rent (INR/SQFT/YR)

Rent growth (%)

Source: Cushman & Wakefield