Images Retail - - COVER STORY -

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.

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