Investing in any commercial property requires a fair bit of research. The cyclical nature of business makes it imperative to get the basics right at the outset. No doubt, the most important step here is to choose the right location for your commercial office space or investment.
Pune has expanded rapidly in the past decade, and several areas in the suburbs are booming as commercial hotspots today. The IT boost, presence of world class educational institutes, smart city initiatives, a lower cost of investment, as compared to Mumbai) and other favourable factors have all made Pune a preferred destination for commercial enterprises.
Here’s a list of the top 5 localities for commercial real estate in Pune.
1. Viman Nagar:
Connectivity, infrastructure, property, and investment returns, Viman Nagar promises everything you’d look for in a potential location for commercial investment.
It is right next to the Pune Airport, and is well-connected to key areas like Koregaon Park, Kalyani Nagar, Kharadi and Magarpatta city, making it an attractive location for domestic and international investors.
The locale has well-developed infrastructure, reputed schools, large hospitals, and commercial zones, making it a prime choice for professionals and businesses alike.
2. Kharadi:
Kharadi has firmly established itself as one of the best commercial property locations in Pune. The robust connectivity, thriving job market, and commercial infrastructure development of this area make it a prime location for business setups and investments alike.
The location, on the eastern corridor of Pune ensures excellent connectivity to the Pune Airport and IT hubs like Hinjawadi & Magarpatta City.
The potential for real estate investment is high, being majorly driven by its growing IT sector, proximity to key employment hubs, and the influx of IT professionals.
3. Wakad:
Wakad today has forged a strong identity for itself as a top destination for commercial investments in Pune. Its close proximity to Hinjawadi IT Park, Pune-Mumbai Expressway and exemplary road connectivity to the industrial areas of Chakan and Talegaon give your business an added advantage in the commercial real estate market.
With a captive population of IT working professionals, top schools and a good quality of living, Wakad’s growth potential is unparalleled.
4. Baner:
Strategically located in Pune West, Baner is a famous emerging commercial hotspots in Pune today. Its proximity to the Mumbai-Bengaluru Highway and easy connectivity to Hinjawadi, Aundh, Balewadi, Wakad and Pune University Road, make Baner the ideal choice for commercial office space in the city.
Thanks to the IT-explosion and development of adjoining areas, Baner has seen significant growth in terms of hospitality, entertainment avenues and retail outlets. It has a large population of IT professionals residing in the area.
These factors ensure that, whether it’s a full-fledged office space or a smart retail space, Baner will bring fantastic ROI to your business venture and promising rental growth for investments here.
5. Hinjawadi:
Home to the Rajiv Gandhi Infotech Park, or the famously known Hinjawadi IT park, this is the key location for commercial office spaces in Pune. It has campuses of multiple global MNCs like TCS, LTI, Infosys, Cognizant, Synechron, Wipro, among others.
Hinjawadi also boasts of excellent connectivity to the Mumbai-Pune Expressway, Mumbai-Bengaluru Highway, and the upcoming Hinjawadi Metro. This makes the IT/ITeS hotspot a popular choice for commercial real estate purchases.
Employment opportunities, infrastructure development, and availability of social amenities have fuelled the demand for commercial properties in Pune.
Pyramid Axis in Baner offers a conducive environment for multiple businesses to establish their operations and cater to their venture’s growth. A strong and supportive ecosystem, and the strategic location near Pancard Club Road make it an ideal investment for commercial estate. To know more about these commercial spaces, visit www.pyramidaxis.com
