India, July 1 -- Pune's industrial real estate market has seen an increase, with annual net absorption nearly tripling from 4.2 million sq. ft. in 2019 to 11.3 million sq ft. by the end of 2024, a 2.5x increase and a compound annual growth rate (CAGR) exceeding 20%, according to a report by JLL India.

It noted that during the same period, the city's total industrial stock expanded from 24.2 million sq. ft. to 60.9 million sq. ft., maintaining a strong growth trajectory.

According to the report, Pune has emerged as the nation's leading industrial real estate market for the second consecutive year, outperforming larger markets like Delhi-NCR and Mumbai, and demonstrating unprecedented growth in the sector.

JLL's latest Logistics & Indust...