India, April 25 -- City's office real estate market recorded strong growth in the first quarter of 2025, with net absorption touching a historic 2.07 million sq ft-up 21% from the previous quarter and 59% year-on-year, according to Cushman & Wakefield's latest Office MarketBeat Report.

The surge was driven by companies moving into spaces they had pre-committed to earlier, especially in the Banking, Financial Services, and Insurance (BFSI) and flex workspace sectors.

Pune accounted for 15% of all office space absorbed across India this quarter, behind only Delhi NCR (3.1 million sq ft), Mumbai (2.9 million sq ft), and Bengaluru (2.5 million sq ft).

Gross leasing volume (GLV) in Pune also hit an all-time high of 3.5 million sq ft-a 100% ...