Why Pune Is Emerging as India’s Next Hub for Branded Residences

      By SQUAREA Knowledge Hub

      Published: May 5, 2025

      Real Estate in Pune - Why Pune Is Emerging as India’s Next Hub for Branded Residences.

      In recent years, branded residences in Pune and India have shifted from niche luxury to a mainstream choice among India’s high-net-worth individuals. These aren’t just homes—they’re identity-led investments, merging global design sensibilities with premium real estate. And while cities like Mumbai and Delhi NCR continue to dominate the luxury landscape, Pune is quietly but convincingly stepping into the spotlight.

      The question is no longer if Pune belongs in the branded luxury space but why it has become one of the most promising destinations for it.

      What’s Driving India’s HNIs Towards Branded Residences

      Before we delve into Pune’s growth story, it’s important to understand the broader shift in Pune HNI and UHNI property investment trends that’s fuelling the rise of branded homes across India. India’s affluent class is seeking more than just square footage. These brand-conscious investors are opting for homes linked to globally recognised names—whether in design, fashion, or hospitality—that deliver far more than visual appeal. They ensure a standard of design, service, and quality that traditional luxury homes often struggle to match.

      Branded residences typically offer:

      • Premium amenities such as spa lounges, concierge services, and wellness zones
      • Signature interiors curated by world-renowned design houses
      • Limited inventory that enhances exclusivity
      • Professional asset management by global hospitality or lifestyle brands
      • Strong brand credibility that adds weight to resale value

      For UHNIs and discerning investors, these homes go beyond lifestyle, they represent intelligent investments aligned with a long-term vision.

      Why Pune Is Gaining Strategic Interest from HNIs and UHNIs

      Naturally, this evolving preference is also reshaping where India’s elite are choosing to invest. Luxury real estate Pune is gaining momentum due to its distinct mix of infrastructure, liveability, and long-term upside.

      Key factors shaping this interest include:

      • Lifestyle advantage : Pune offers a more measured pace of life and pleasant weather throughout the year—highly valued by today’s luxury buyers.
      • Strengthening connectivity : With the metro expansion and new expressways underway, accessibility is no longer a constraint
      • Maturing luxury ecosystem : Premium schools, world-class healthcare, fine dining, and retail are rapidly aligning with global standards.
      • Investment value : Property prices still offer long-term upside compared to Mumbai or NCR, making Pune a high-potential market for Pune HNI and UHNI property investment trends.

      For investors seeking a blend of refined living and long-term appreciation, Pune luxury property market delivers on both fronts.

      Pune’s Growth Trajectory in the Premium Residential Segment

      This growing investor interest is supported by strong real estate fundamentals. Pune’s residential market isn’t just expanding—it’s evolving. According to Cushman & Wakefield, the city recorded 10,237 new unit launches in 2024. While the mid-segment held the largest share at 61%, what stood out was a 12x increase in luxury unit launches compared to 2019—a clear sign of where the market is headed.

      This trend also reflects changing lifestyle preferences. In 2024, 3BHK units accounted for 30% of new launches in Pune—up from just 10% in 2019 (Hindustan Times, 2025). This demand for more spacious homes aligns perfectly with the ethos of branded residences in Pune and India—properties that prioritise space, design, and lasting value.

      Early Developers Shaping Pune’s Branded Real Estate Segment

      The rise of branded residences in Pune and India has been led by visionary developers who recognised Pune’s potential early on. Panchshil Realty was a pioneer in this space with YOO Pune—India’s first ready-to-move-in YOO-branded residence. Built on 5 acres of lush, landscaped greenery in Hadapsar and designed by Philippe Starck, it set the tone for a new era of luxury living.

      YOO Villas followed soon after, offering private villa communities infused with Kelly Hoppen’s signature aesthetic. Trump Towers Pune further elevated the city’s image by introducing the globally iconic Trump brand to India. Located in Kalyani Nagar, the twin towers feature global designer homes with panoramic views and interiors by Matteo Nunziati.

      Other projects like YOO One by Sussanne Khan, Amanora Gateway Towers, and F-Residences have also shaped Pune’s skyline, combining international design with elevated living standards. Collectively, they’ve positioned Pune as a credible player in India’s branded real estate segment.

      As demand continues to rise and more global brands enter the market, India’s branded residence segment is projected to grow by 60% by 2027 (The Economic Times). Pune, backed by design-led developments and strong demand from India’s affluent class, is expected to play a central role in this expansion.

      For those seeking global designer homes, curated communities, and assets that outperform traditional luxury in both experience and appreciation, luxury real estate Pune is no longer emerging—it’s already here.

      At SQUAREA, we understand that luxury is now defined by identity, experience, and strategic value. Whether you’re looking at Pune HNI and UHNI property investment trends or searching for legacy-grade branded residences, our expert advisors provide end-to-end support rooted in insight. Reach us at hello@squarea.io or call +91 90 9641 9641 to explore India’s most exclusive homes.


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      11 September 2025
      High-Activity Micro Markets Real Estate: Unlocking the Next Wave of REIT Investment

      India’s commercial real estate is undergoing a transformation. REIT in India office market have gained momentum as investors seek liquidity, stability, and institutional quality. At the same time, capital is concentrating in high-activity micro markets of real estate, which are demonstrating the greatest resilience, scale, and REIT readiness. This progression brings the focus to REITs and their growing role in shaping the future of India’s office market.

      What is a REIT

      A Real Estate Investment Trust (REIT) allows individuals to invest in income-generating property portfolios with the benefits of liquidity, transparency and regular distribution, attributes that align strongly with the risk-mitigation and yield-preservation goals of Indian HNIs and UHNIs. As India’s real estate market matures, REITs offer both institutional access and greater market sophistication.

      To understand the opportunity, it is essential to first examine how the REIT market in India has evolved and where it currently stands.

      The Current REIT Landscape in India

      India now holds approximately 488 million sq.ft of REIT-worthy Grade A office space, with 56% of that stock concentrated in the top 10 micro markets. Within these hubs, a striking 72% of Grade A inventory, nearly 275 million sq ft, is either already listed under existing REITs or has the potential to be listed in the future. (Colliers)

      Such concentration makes it clear that the future of REITs will be shaped not at the city level alone but within specific micro markets that consistently attract occupiers and capital.

      How Occupier Demand Makes Micro Markets REIT-Ready

      Not all office corridors meet REIT standards. Only those with scale, liquidity, rental visibility, and a strong occupier base can deliver institutional confidence. These qualities become most visible when we look at leasing patterns across India’s top hubs.

      • Flex space leasing: Since 2020, out of 38 million sq ft leased across the top seven cities, 59% occurred in the top 10 micro markets. Demand has grown from 1.3 msf in 2020 to 7.3 msf in 2024, at a CAGR of 54%.
      • GCC leasing: Global Capability Centres (GCCs) - 70 million sq ft of demand over the past five years, are concentrated in the same micro markets, accounting for 73% of national GCC leasing.
      • High-performance corridors: Key hubs like ORR-Bengaluru, SBD-Hyderabad, and Baner-Balewadi in Pune together drive about one-third of India’s flex demand. (Colliers)

      These occupier dynamics explain why such high-activity hubs dominate the REIT in the Indian office market, and also highlight why Pune micro markets attract REIT investors seeking both stability and growth.

      Pune: India’s Emerging REIT Powerhouse

      Pune is increasingly centre-stage in this narrative. Colliers identifies three of India’s top 15 high-activity micro markets here - Baner-Balewadi, Hinjewadi, and Kharadi. These hubs offer a compelling mix of affordability, scale, and tenant stickiness.

      • Cost-efficiency with value: Rentals in Pune remain more competitive than in Mumbai or Bengaluru, offering stronger value growth.
      • Occupier stickiness: GCCs choose Pune for its cost advantage and talent retention. Flex operators are following suit.
      • Diversified demand: From IT/ITeS to BFSI and manufacturing, the city benefits from a healthy mix of occupiers.
      • Infrastructure tailwinds: Rapid improvements in connectivity support long-term absorption and rental momentum.

      As a result, REIT-ready Grade A office spaces Pune are now being considered alongside Bengaluru and Hyderabad, positioning the city firmly on the radar for commercial real estate investment Pune 2025.

      With Pune office market REIT potential firmly established, the focus now shifts to assessing how REITs and high-activity micro markets across India are poised to shape the next phase of institutional investment.

      Outlook for 2025 and Beyond

      High-activity micro markets are set to remain the backbone of India’s REIT growth story in the years ahead. The interplay of occupier demand, institutional confidence, and evolving asset quality points to a maturing market with sharper opportunities.

      • Occupier demand stays strong: Flex adoption and GCC expansion are expected to continue at pace, ensuring steady absorption.
      • Rising REIT penetration: Analysts project office REIT share could climb to 25-30% by 2030, deepening institutional participation. (IBEF)
      • Sustained rental growth: Grade A corridors in southern cities and Pune are forecast to deliver stable appreciation supported by high-quality tenants.
      • ESG-led premium: Green-certified assets are increasingly attracting occupiers, creating higher occupancy and rental upside

      Together, these dynamics underscore why HNIs and UHNIs should align portfolios with high-activity corridors, where REIT ready commercial properties in Pune and other leading cities provide both resilience and growth potential.

      At SQUAREA, we specialise in bridging discerning investors with curated access to these premium, REIT-ready office corridors. To explore the best office micro markets for REIT investment in India and beyond, connect with us at hello@squarea.io or call +91 90 9641 9641.

      11 September 2025
      Real Estate as an Inflation Hedge: Protecting Wealth in Uncertain Times

      Rising inflation has become a defining challenge for investors worldwide. It eats into cash reserves, compresses returns from fixed income products, and often adds volatility to equity portfolios. For Indian HNIs and UHNIs, this means only traditional allocations may no longer guarantee long-term security. The search is for inflation proof investments in India that not only preserve wealth but also deliver growth. Among available options, real estate as an inflation hedge has consistently demonstrated its resilience.

      India’s performance in recent quarters illustrates this strength. According to Knight Frank’s Global House Price Index, Indian residential prices grew 7.7% annually in Q1 2025 in nominal terms and 4.2% in real terms. The country ranked 15th out of 55 tracked markets, ahead of mature destinations such as the US, UK, and Australia. Quarterly, prices rose 2.9%, showing steady buyer confidence even as borrowing costs shifted. This momentum reinforces real estate’s role in protecting wealth during inflation. (Knight Frank)

      Why Inflation Demands a Hedge

      Inflation reduces the real value of money. For investors, this erosion means that returns from cash, deposits, or bonds can quickly fall below the inflation rate, leaving portfolios exposed. Equities, though offering higher potential returns, remain subject to volatility and cyclical risks.

      This is why investors prioritise assets that retain value during inflationary periods. Real estate investment India has historically shown its ability to absorb shocks, maintain capital, and generate income streams that adjust alongside rising prices.

      Why Real Estate Resists Inflation

      Real estate has several structural features that make it resilient in inflationary times. These factors distinguish property from other asset classes that tend to underperform when prices rise.

      • Tangible utility: Land and property remain usable and scarce, preserving intrinsic value even as currency weakens.
      • Inflation-linked rental income: Rental contracts often include escalation clauses, keeping yields aligned with cost increases.
      • Rising replacement costs: Higher input costs for land and construction naturally push asset values upward.
      • Diversification benefit: Real estate has a low correlation with equity and debt, providing balance in a portfolio.

      These attributes show why property is often viewed as the strongest asset in the real estate vs inflation equation, offering a practical and proven hedge. While fundamentals are global, India’s market performance in recent years shows them playing out with particular strength.

      India’s Market Momentum and Resilience

      The Indian residential market is demonstrating exactly how real estate performs under inflationary pressure. Transparency reforms, stable demand, and investor confidence have built a strong foundation.

      • HNI allocations: HNIs are increasing property allocations as defensive portfolio anchors
      • Balanced supply-demand: Housing absorption in top metros continues to exceed new launches, creating sustained upward pressure on prices
      • Capital inflows: JLL data shows private equity investments into Indian real estate exceeded USD 8.9 billion in 2024, reflecting deep institutional conviction (Construction Week)
      • Expanding corridors: Cities such as Pune, Bengaluru, and Hyderabad are leading with infrastructure-driven growth, boosting capital appreciation prospects.

      These fundamentals make real estate investment in India not just a defensive move, but also a growth-led strategy. However, not all property types perform the same - residential, commercial, and alternatives each play distinct roles in hedging inflation.

      Real Estate Asset Classes That Hedge Inflation

      Residential as the Core Anchor

      Residential property is the most direct hedge, with ownership preferred during inflation.

      • Luxury sales: DLF and Godrej report record demand in premium housing
      • Branded residences: Savills notes 30-35% premiums for brand-led projects
      • End-user stability: Self-use buyers add resilience against speculation.
      Commercial and Alternatives

      Commercial and emerging formats add further resilience.

      • Offices: Grade A office rentals across a few Indian cities rose 8-9% year-on-year in 2024 (Anarock)
      • Logistics: E-commerce demand keeps yields above inflation
      • Co-living and student housing: Growing segments with stable, index-linked income
      • REITs: Regulated, liquid access to commercial portfolios

      Recognising these opportunities is one part of the equation. The next step is knowing how you can strategically allocate capital to capture them.

      Strategic Pathways for HNIs and UHNIs

      For sophisticated investors, the key lies not only in recognising real estate’s inflation resilience but in building portfolios strategically.

      • Target prime city centres and infrastructure-led corridors for assured appreciation
      • Blend residential, commercial, and alternative assets to balance yield and growth
      • Prioritise branded residences and Grade A offices for liquidity and long-term value retention
      • Align with sustainability trends, as green-certified projects are increasingly commanding premium valuations

      By combining these approaches, investors can transform property from a defensive shield into a driver of long-term wealth creation. For HNIs and UHNIs seeking to secure their legacies, Indian property offers not only resilience but also significant upside.

      At SQUAREA, we specialise in crafting investment strategies that anchor portfolios against inflationary pressures while unlocking growth potential. To explore curated opportunities in India’s most resilient markets, connect with us at hello@squarea.io or call +91 90 9641 9641.

      1 August 2025
      Why End-Use Buyers Should Consider Under-Construction Projects

      End-use buyers face a strategic decision — whether to acquire a ready-to-move-in residence for immediate occupancy or to allocate capital towards an under-construction asset. While the latter has historically been associated with higher delivery risk, the landscape in 2025 is notably different. Projects are now governed by RERA-backed regulatory oversight, stringent escrow compliance, and developer accountability.

      This evolving ecosystem has redefined the relevance of under-construction inventory, particularly for Indian HNIs and UHNIs seeking customisation, capital efficiency, and future-ready design. As these dynamics continue to shape the market, it becomes essential to assess the strategic value this segment can offer. To understand the continued relevance of this segment, let’s explore the key benefits of under-construction property in 2025 for end-users.

      Advantages of Booking an Under-Construction Property as End-Users

      In 2025, the question of "should I buy an under-construction flat" is best answered by examining its strategic merits. For end-users in the luxury segment, these properties offer distinct advantages when backed by due diligence and credible delivery.

      1. Price Advantage at Entry

      Under-construction homes are priced lower than their ready-to-move counterparts in the same location. In high-demand corridors such as Pune’s western suburbs or Gurgaon’s Golf Course Extension Road, the price differential can range from 10% to 30%. (Sobha)

      This lower base cost not only enhances affordability but also improves long-term capital appreciation, especially in projects completing within the next 18–36 months.

      2. Capital Appreciation Potential

      For buyers not in need of immediate possession, entering early in a project cycle enables higher asset appreciation by the time of completion. This is particularly relevant in micro-markets undergoing infrastructure upgrades, such as Mumbai’s New Cuffe Parade or Pune’s Kharadi.

      Additionally, developers often increase pricing in tranches as construction progresses, allowing early buyers to benefit from structured value escalation.

      3. Flexible Payment Structure

      Unlike ready properties, under-construction homes offer construction-linked payment plans. This phased disbursement allows buyers to align payments with liquidity events or staggered capital deployment, thereby reducing financing pressure.

      It also enables financial planning that matches project milestones with investment goals, particularly useful for buyers funding the purchase through asset reallocation or staggered divestments.

      4. Customisation and Configuration Flexibility

      Developers of high-end projects typically allow limited customisation in flooring, layout, electricals, or interior finishes if the unit is booked in early phases. This flexibility is especially valuable for end-users seeking to tailor a home to their lifestyle or future requirements.

      Completed units, on the other hand, may require costly retrofits or compromise on layout, which is non-ideal for long-term habitation.

      5. Access to Newer, More Efficient Inventory

      Under-construction homes often incorporate newer materials, design efficiencies, and technology integrations. These include better energy ratings, improved ventilation systems, smart home readiness, and modern security systems.

      Buyers entering these projects secure residences that are aligned with the latest in home technology, both in terms of functionality and long-term market relevance.

      5.Greater Choice in Unit Selection

      Buyers of under-construction projects generally have access to a wider range of unit configurations, views, and floor elevations. This enables selection that aligns with long-term value, whether in terms of Vastu compliance, sunlight exposure, or exclusivity of position.

      This flexibility diminishes significantly once the project is completed and only residual inventory remains.

      Tax Efficiency on Home Loan Repayment

      Under-construction properties offer notable tax benefits for end-use buyers financing their purchase through home loans. End-use buyers of under-construction homes can claim up to ₹2 lakh per annum on interest under Section 24(b) and ₹1.5 lakh on principal repayment under Section 80C after possession. An additional deduction of ₹50,000 under Section 80EE or ₹1.5 lakh under Section 80EEA may also apply for eligible first-time homebuyers, depending on loan sanction timelines and conditions. (ClearTax) Given these fiscal advantages, along with the structural and design benefits, it is worth assessing how under-construction property advantages for end-users compare against ready-to-move-in properties across key decision parameters.

      Under-Construction vs Ready-to-Move Homes

      To assist end-use buyers in evaluating both options, here is a comparison of under-construction vs ready-to-move homes in India:

      Parameter Under-Construction Homes Ready-to-Move Homes
      Price Point Lower entry price Premium priced
      Customisation High (during early phases) Limited or costly
      Payment Structure Staggered, construction-linked Lump-sum or full at possession
      Availability Wide unit choice Limited inventory
      Capital Appreciation High potential pre-possession Lower due to near-peak pricing
      Immediate Use No Yes

      Under-construction homes are no longer speculative ventures. When selected with diligence, they present a compelling mix of strategic location, modern design, and financial advantage.

      For buyers exploring this segment, a home buying guide for under-construction projects should start with three pillars: regulatory compliance, developer track record, and capital alignment. These form the foundation for a confident, forward-looking investment.

      At SQUAREA, we offer curated access to India’s premium real estate opportunities, selected for their financial, legal, and execution credibility. For tailored investment guidance, reach out at hello@squarea.io or call +91 90 9641 9641.