Market Summary Strong demand for retail space was observed across high streets as well as prominent mall developments in the city. Leasing activity was driven by both domestic and international F&B operators. The city witnessed negligible supply addition during the review period.
Pune also reported the entry of new F&B players such as The Daily and Tea Villa, which opened outlets across high street locations such as Baner, Koregaon Park and Viman Nagar, while Autobahn and Social opened outlets in Phoenix Market City, Viman Nagar.
In addition, high street locations also witnessed expansion by players such as Croma in Baner, Toyota on SB Road and Masala Bar in Balewadi. Prominent apparel retailers such as Pantaloons and Tom Tailor opened new stores in Westend Mall and Phoenix Market City. Rental Trends
Growing enquiries for quality space across high-street locations led to a rental appreciation of 8-10% at MG Road and 11-12% in Aundh during the review period. However, rental values in the organized retail segment remained stable.