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      Pune’s Steady Rise Among India’s Luxury Market Leaders

      By SQUAREA Knowledge Hub

      Published: April 25, 2025

      Pune is no longer an emerging luxury location, it is actively setting benchmarks for space, scale, and sophistication. In 2024 alone, the city saw 4,628 luxury units launched, a 17% increase over 2023 and a remarkable 12x jump compared to pre-COVID 2019 levels. At the same time, high-end residential launches accounted for 2,650 units in Q4 2024, forming 26% of all new launches in the city, further cementing Pune’s growing dominance in this space (Cushman & Wakefield).

      These impressive launches are being swiftly absorbed, particularly in well-established micro-markets and gated communities. Behind this absorption lies a clear shift in buyer priorities towards larger, more adaptable homes that align with evolving lifestyle needs.

      Bigger Homes, Higher Aspirations

      One of the most compelling shifts in Pune’s luxury market is the growing preference for larger living spaces. The buyer today isn’t just looking for status, they’re looking for functionality, privacy, and the flexibility to accommodate work, wellness, and entertainment under one roof.

      According to The Financial Express, the average size of luxury apartments has grown from 2,500 sq. ft. in 2023 to 3,200 sq. ft. in 2024. That’s a significant leap in just a year, an indicator of changing lifestyle priorities and rising aspirations. Moreover, even the demand for 4BHKs and above has risen by 40% year-on-year. This paradigm shift underscores that today’s luxury buyer wants more than just a home, they want an ecosystem of comfort and adaptability. This trend is shaping the blueprint of new launches across Pune’s top neighbourhoods, where expansive layouts and multifunctional spaces are now the norm.

      The Top Luxury Micro-Markets in Pune

      What makes Pune unique is the depth and diversity of its luxury neighbourhoods. Each zone has its own story, but all of them meet the same core criteria: connectivity, lifestyle, exclusivity, and appreciation potential. Here are the best localities for luxury homes in Pune:

      • Koregaon Park-Boat Club Road: Long considered Pune’s most iconic posh areas, they combine verdant green landscapes with global fine dining, boutique stores, and excellent architecture. Properties here are limited and fiercely sought after, keeping capital values consistently strong.
      • Kalyani Nagar:With its proximity to the airport, business hubs, and top-tier schools, Kalyani Nagar has evolved into one of the most liveable premium zones in Pune. It’s ideal for buyers who want to buy a house in a location that offers both lifestyle and logistical convenience.
      • Kharadi:Emerging as a prominent luxury market, Kharadi is known for its upscale residences and proximity to major IT hubs. Developments like Panchshil Towers and YOO Villas offer premium residences with modern amenities, catering to buyers seeking exclusivity and convenience.
      • Prabhat Road and Bhandarkar Road: Adjacent to the esteemed Deccan Gymkhana and the PYC Hindu Gymkhana, these roads are renowned for their serene environment and proximity to nationally recognised educational institutions. The blend of historic charm and modern amenities makes them highly desirable for luxury living.
      • Aundh, Baner and Balewadi:This western corridor has witnessed a stunning transformation over the past five years. Once considered peripheral, it’s now the city’s fastest-growing luxury belt. With new-age high-rises, world-class infrastructure, and elite social amenities, this area is attracting both end-users and investors.

      Each of these neighbourhoods offers a distinct blend of luxury, comfort, and investment potential, making Pune a compelling destination for high-end real estate investments. As per industry forecasts, property prices in these areas are projected to touch ₹15,000 per sq. ft. by 2025, with ultra-luxury residences commanding ₹25,000 per sq. ft. For investors, that signals both price growth and strong rental yield

      Pune’s Position as a Leading Luxury Real Estate Market in India

      The future of luxury housing in India is being shaped by cities that blend opportunity with a high liveability quotient, and Pune is among the frontrunners of this transformation. Pune has consistently ranked among India’s most liveable cities, underpinned by its balance of urban development, infrastructure, and lifestyle. According to the Ease of Living Index 2024, the city secured the second position nationwide with a score of 66.27, evaluated across parameters such as quality of life, economic ability, and environmental sustainability. The city offers a rare blend of connectivity, urban greenery, and long-term value, making it not just a smart investment but a meaningful lifestyle upgrade.

      At SQUAREA, we curate the most exceptional luxury properties in Pune across Kharadi, Koregaon Park, Kalyani Nagar, and other prime locations. Whether you are upgrading your lifestyle or diversifying your investment portfolio, we offer expert and professional guidance. Discover Pune’s top-performing gated communities, branded residences, and ultra-premium homes, all in one place.

      Contact us at hello@squarea.io or call +91 90 9641 9641 to explore the city’s most coveted addresses. Your next luxury investment starts here – with SQUAREA!

      *Ease of living fact is confirmed by both given source & https://www.mercer.com/insights/total-rewards/talent-mobility-insights/quality-of-living-city-ranking/


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      30 April 2025
      Branded Residences in Emerging Markets: Is India Ready for a Luxury Real Estate Boom?

      India’s luxury residential market is undergoing a quiet transformation. Beyond aesthetics and prime addresses, homebuyers today are placing increasing value on identity, trust, and differentiated experiences. This shift is opening up space for branded residences, homes developed in collaboration with global names in hospitality, fashion, and design.

      Branded residences are beginning to resonate with a growing base of affluent buyers who seek more than conventional luxury. As expectations evolve and emerging markets gain prominence, these projects are steadily making their way into mainstream investment conversations.

      The question now is whether India’s evolving market conditions can support a larger branded residential footprint? The answer lies in the numbers, the evolving buyer mindset, and the cities reshaping the future of premium living.

      India’s Accelerating Luxury Real Estate Market

      To understand the rise of branded residences, we must first look at the overall trajectory of the luxury residential market. According to Mordor Intelligence, India’s luxury residential real estate market is expected to grow from USD 44.11 billion in 2025 to USD 118.30 billion by 2030, at a CAGR of 21.81% during this period.

      This growth isn’t just about market size, it reflects a steady shift in buyer confidence. India’s expanding economy, rising incomes, and greater financial awareness are contributing to stronger demand in the premium housing segment. Luxury today is no longer limited to inherited wealth. Luxury buyers include first-generation entrepreneurs, professionals, and investors who are more attuned to global design, service, and lifestyle benchmarks. As this base grows, so does interest in luxury real estate and branded residences.

      Luxury Home Sales and the Shift Towards Branded Living

      The appetite for homeownership, particularly in the upper-mid and luxury categories, has seen a remarkable shift. In 2024, India witnessed record-high residential sales of 302,867 units, an 11% year-on-year increase. Average annual sales during 2022–2024 surpassed pre-pandemic (2010–2019) averages by 63%, underscoring a permanent behavioural change in the housing market (JLL).

      Bengaluru, Mumbai, and Pune led the market, accounting for 62% of annual sales across the top seven cities. This performance highlights not just volume, but rising confidence in premium segments, even amid sustained price appreciation.

      As more buyers prioritise design, privacy, and service-backed living, the jump to branded residences becomes a natural progression. The growing comfort with premium pricing is further opening the door for branded residences.

      Branded Living: Why It’s More Than Just a Name

      This surge in luxury demand isn’t just about size or square footage. Today’s affluent homebuyer seeks experiences that blend design, service, and investment value. Branded residences deliver on all three fronts, offering globally curated aesthetics, hospitality-grade amenities, and the trust that comes with established names.

      For developers, these partnerships elevate brand equity and differentiation. For buyers, they provide:

      • Assurance of quality and service
      • Global design and lifestyle sensibilities
      • Limited inventory and curated communities
      • Stronger resale value and long-term asset credibility

      As demand shifts toward long-term liveability and legacy asset creation, branded residences are emerging as a new language of premium real estate. This shift is being strongly reinforced by one of the most significant drivers of change in Indian real estate, the expansion of individual wealth.

      India’s Growing Wealth Base and the Future of Branded Real Estate

      The demand for branded residences is closely tied to the rise of India’s affluent population. According to the Knight Frank Wealth Report 2024, the number of ultra-high-net-worth individuals (UHNIs), those with a net worth of USD 30 million or more, is projected to grow by 50%, reaching nearly 20,000 individuals by 2028 (Knight Frank). For this segment, real estate is not merely a purchase, it’s a portfolio decision. A branded residence appeals because it combines three key dimensions that they increasingly prioritise:

      • Trust in global names
      • A consistent experience standard
      • Future asset appreciation

      This shift is further reinforced by projections from NAREDCO and Housing.com, which estimate that India’s branded residences segment will touch USD 5 billion by 2025 (NAREDCO). The segment’s expansion has been driven not just by rising disposable incomes but by the growing aspirational appeal of globally branded homes, offering a combination of design, trust, and legacy that traditional luxury formats often lack. Notably, this demand is no longer limited to metro cities alone, with emerging markets steadily becoming hotspots for brand-aligned living.

      Why Emerging Markets Are Now in Focus

      While Mumbai and Delhi continue to dominate luxury headlines, it is India’s emerging markets that are fuelling the next wave of growth. Cities like Pune, Hyderabad, and Ahmedabad are now delivering luxury at global standards, with the infrastructure, talent density, and buyer profiles to support it.

      Pune, in particular, has become a hub for branded homes. Projects such as Trump Towers Pune, YOO Pune, YOO Villas, and FashionTV-branded residences have already proven the city’s readiness for design-led global partnerships. With improved connectivity, rising launch volumes, and a more discerning luxury buyer base, cities like Pune are offering the perfect intersection of aspiration and affordability.

      India’s luxury real estate story is entering a new phase, defined by maturity, investor confidence, and global alignment. And as India continues to grow in affluence and urban sophistication, branded residences are set to become a defining feature of the next wave of luxury living.

      At SQUAREA, we specialise in helping investors and end-users access India’s most iconic branded residences. Whether you’re seeking a globally designed home, a strategic long-term asset, or a lifestyle that reflects your achievements, our team is here to guide you with detailed market insights. You can connect with us at hello@squarea.io or call +91 90 9641 9641 to explore exclusive opportunities in India’s evolving luxury real estate landscape.

      30 April 2025
      Beyond the Brand Name: What Makes a Branded Residence Truly Worth the Investment?

      The luxury real estate market is evolving, and at its forefront is the rise of branded residences. These sought-after properties are developed in collaboration with global names in hospitality, fashion, and design. Making these homes go beyond architecture and amenities, they offer a lifestyle, a legacy, and a distinct identity.

      Initially a niche concept, branded residences have now moved into the mainstream. According to Savills, the number of such developments has increased by over 150%, with approximately 700 completed projects worldwide and an additional 600 in the pipeline expected by 2030.

      This momentum isn’t limited to traditional luxury markets. Buyers in emerging economies are also drawn to the assurance of quality and global recognition. And with Knight Frank forecasting 12% annual growth through 2026, it’s clear that branded residences are gaining lasting traction. As the category matures, it’s important to understand what truly sets branded residences apart from conventional luxury homes.

      Distinctive Features of Branded Residences: Value Beyond the Brand

      While the brand name lends immediate appeal, what truly justifies the premium that investors pay for these residences is the end-to-end value delivered throughout the ownership lifecycle. Differentiating factors like these add to the long-term value of branded residences:

      • Brand Association: Affiliation with globally recognised names such as Four Seasons, Aman, Armani, or Versace enhances a property’s appeal, assuring buyers of design excellence, service consistency, and long-term value.
      • Design Excellence: These residences often feature bespoke designs that reflect the brand's ethos, offering a unique aesthetic experience.
      • Premium Amenities: Residents enjoy access to exclusive facilities such as concierge services, wellness centers, and private clubs, elevating the living experience.
      • Professional Management: Ongoing maintenance and service standards are upheld by the brand, ensuring long-term value retention.
      • Global Brand Benefits: Many branded residences come with loyalty perks or special access to other properties by the same brand, adding extra value for frequent global travellers.
      • Legacy Appeal: Buyers often see these homes as long-term family assets, properties they can pass down, making them more emotionally valuable and less likely to be sold quickly in downturns

      These elements collectively contribute to the allure of branded residences, making them a preferred choice for discerning end-use buyers and investors.

      Investment Perspective: Branded vs. Non-Branded Luxury Homes

      From an investment standpoint, branded residences often outperform their non-branded counterparts. On average, branded residences command a 30% premium over similar non-branded properties (Savills). In emerging markets, this premium can be even higher. For instance, in certain regions, branded residences have achieved premiums of up to 54% compared to non-branded developments (Savills).

      Beyond initial pricing, branded residences tend to offer:

      • Higher Resale Values: The brand's reputation can lead to increased demand in the secondary market.
      • Stronger Rental Yields: TProperties managed by reputable brands often attract premium tenants willing to pay higher rents for quality and service.
      • Lower Vacancy Rates: The comprehensive amenities and services reduce turnover and maintain consistent occupancy.

      These factors make branded residences a compelling option for investors seeking both capital appreciation and steady income streams. As global investors recognise these advantages, India’s luxury buyers are also moving in a similar direction.

      India's Embrace of Branded Residences

      India’s growing base of high-net-worth individuals, rising disposable incomes, and a younger, globally aware population are reshaping the demand for luxury real estate. Branded residences are increasingly favoured by this new-age buyer, not just for their exclusivity but for the trust and lifestyle assurance that global brands bring. This paradigm shift has resulted in cities like Mumbai, Pune, Delhi NCR, and Bengaluru to witness a steady rise in such developments. Pune, in particular, is emerging as a hotspot for branded residences. Developments like YOO Pune by Philippe Starck, YOO Villas and Trump Towers Pune exemplify the city's potential to host world-class luxury projects. These residences offer opulent living spaces along with a lifestyle aligned with global standards.

      Branded residences go beyond the name on the façade. They blend thoughtful design, five-star service, and long-term value into one cohesive offering, making them far more than luxury addresses. For today’s buyers they represent a rare combination of lifestyle enhancement and investment clarity. It’s this duality that sets them apart.

      At SQUAREA, we believe that investing in a branded residence is not just about owning a prestigious home, it’s about making a strategic choice that aligns with your aspirations and lifestyle. Our team offers tailored insights and access to India’s most exclusive branded residences, helping you move beyond the brand name and into a truly meaningful investment. For personalised assistance, reach out to us at hello@squarea.io or call +91 90 9641 9641. Let's explore the possibilities together!

      30 April 2025
      Commercial Real Estate in Pune: Key Areas and Market Trends to Watch in 2025

      Once known primarily for its academic institutions and automotive base, Pune has steadily transformed into one of India’s most active and tightly held commercial real estate markets. This evolution has been shaped by the city’s expanding tech ecosystem, the rise of Global Capability Centres (GCCs), and growing interest from multinational occupiers across sectors like IT, BFSI, and consulting.

      In terms of performance, Pune has consistently outpaced peer markets on office space absorption, rental stability, and institutional-grade development. And in 2025, with over 10 million sq. ft of new Grade-A supply in the pipeline, it is not just maintaining investor confidence, it is actively shaping the next phase of growth among India’s Tier 1 commercial corridors (Cushman Wakefield).

      Where is this growth concentrated, and what are the key trends driving it? Here’s a closer look at Pune’s core investment zones and evolving market dynamics that provide the answers.

      Key Investment Areas in Pune’s Commercial Real Estate Market

      Commercial demand in Pune is concentrated across select micro-markets that offer the right combination of location advantage, infrastructure readiness, and premium-grade supply. These include both well-established and emerging micro-markets.

      Secondary Business District East (Kharadi, Viman Nagar, Yerwada, Kalyani Nagar)

      SBD East continues to dominate Pune’s commercial landscape, accounting for the highest net absorption in Q1 2025 at 1.12 million sq. ft. It also accounted for 45% of all leasing activity in Pune, supported by strong early bookings and large office deals from BFSI and flexible workspace companies. Despite robust new completions of around 1.65 million sq. ft, rentals held steady at an average of ₹98.84 per sq. ft/month, reflecting healthy demand. The area remains attractive due to its proximity to Pune Airport, established residential catchments, and connectivity to CBD zones. (Cushman Wakefield)

      Where is this growth concentrated, and what are the key trends driving it? Here’s a closer look at Pune’s core investment zones and evolving market dynamics that provide the answers.

      Key Investment Areas in Pune’s Commercial Real Estate Market

      Commercial demand in Pune is concentrated across select micro-markets that offer the right combination of location advantage, infrastructure readiness, and premium-grade supply. These include both well-established and emerging micro-markets.

      Secondary Business District East (Kharadi, Viman Nagar, Yerwada, Kalyani Nagar)

      SBD East continues to dominate Pune’s commercial landscape, accounting for the highest net absorption in Q1 2025 at 1.12 million sq. ft. It also accounted for 45% of all leasing activity in Pune, supported by strong early bookings and large office deals from BFSI and flexible workspace companies. Despite robust new completions of around 1.65 million sq. ft, rentals held steady at an average of ₹98.84 per sq. ft/month, reflecting healthy demand. The area remains attractive due to its proximity to Pune Airport, established residential catchments, and connectivity to CBD zones. (Cushman Wakefield)

      Central Business District (Bund Garden, Koregaon Park, Camp)

      The Central Business District accounted for approximately 9% of Pune’s leasing activity in Q1 2025, with net absorption of around 0.23 million sq. ft. Although vacancy levels are higher here at 21.5%, the area remains relevant for corporates preferring centralised locations. The CBD continues to attract corporates and flexible workspaces looking for premium addresses. (Cushman Wakefield)

      Peripheral Business District West (Hinjewadi, Baner, Wakad)

      Home to Rajiv Gandhi Infotech Park and large Special Economic Zones (SEZs), PBD West remains Pune’s core tech employment belt. Known for scalability and affordability, it’s also a rising zone for coworking, GCCs, and high-spec business parks such as Blue Ridge SEZ.

      Emerging Nodes (Pimpri-Chinchwad, Hadapsar, Balewadi)

      Locations like Pimpri-Chinchwad, Hadapsar, Mundhwa, and Balewadi are gaining ground among startups and investors looking for smaller-format leased spaces. Developments like Kohinoor World Towers in Pimpri-Chinchwad, Amar Pristine 81 in Mundhwa, are attracting both occupiers and individual investors for their competitive pricing. These nodes combine modern infrastructure with competitive pricing and are increasingly being viewed as Pune’s next wave of commercial growth.

      Together, Pune’s micro-markets offer a well-balanced ecosystem, ranging from high-yield institutional corridors in the east to tech-driven expansion zones in the west, and emerging nodes primed for future growth. This spatial differentiation is a key reason why Pune continues to outperform in both leasing velocity and absorption volumes. The strength of these zones is backed by data from 2024 and Q1 2025, Pune has recorded historic highs in new supply, absorption, and occupier activity across segments. These market metrics reinforce Pune’s stature as one of India’s most resilient and investment-worthy commercial hubs.

      Pune’s Commercial Office Market Performance: Key Trends from 2024-2025

      According to Knight Frank India, Pune witnessed a 19% growth in office leasing in 2024, with activity totalling 8 million sq. ft, reflecting broad-based tenant expansion across IT, BFSI, and coworking sectors (TOI). In Q1 2025, the momentum further accelerated. Pune added a record 3.2 million sq. ft of new Grade-A office supply, a 90% increase over the previous year. While this did push the vacancy rate to 11.23%, the city remains India’s second-tightest office market, behind Bengaluru (Cushman Wakefield). This strong absorption, diversified demand, and influx of global-grade assets paint a clear picture of where Pune is headed.

      What Lies Ahead: Pune’s Commercial Outlook for 2025 and Beyond

      With 10 million sq. ft of new space expected in 2025 and 11 million in 2026, Pune is entering a growth phase led by institutional developers and occupier-led demand. Notably, Trump World Center, a 1.6 million sq. ft branded commercial project, is now under development, offering both strata and leased office space. This marks the entry of international branding into Pune’s commercial skyline and highlights growing investor sophistication (TOI).

      What makes Pune stand out is its balance of fundamentals:

      • Lower entry prices than Mumbai or Bengaluru
      • Consistent rental yields across SBD and PBD corridors
      • Diverse tenant base, including IT, BFSI, and GCCs

      At SQUAREA, we help investors capitalise on Pune’s accelerating commercial real estate cycle. Whether you're looking to acquire income-generating leased assets, explore premium office investments, or enter future-ready growth corridors like SBD East or PBD West, our team offers unmatched access and strategic insights. You can reach out to us at hello@squarea.io or call us on +91 90 9641 9641.