By Ritesh Sonavane on Jun 28, 2019 11:58:01 AM
Investing in commercial property in Pune requires a fair bit of research. Due to the cyclical nature of businesses, it is imperative to get the basics right at the outset. Arguably the most important aspect of choosing a commercial office space for sale in Pune is its location.
With Pune growing rapidly in the past decade, several areas which were considered to be suburbs are commercial hotspots today. The IT boom, top educational institutes, smart city initiatives, and lower cost of investment (as compared to Mumbai) have all made Pune a preferred destination for commercial enterprises.
Choosing a location for a commercial shop for sale in Pune requires research about a captive audience in the neighbourhood. An inaccurate business-location fitment could adversely affect your operating costs as well as long-term ROI.
Keeping the aforementioned in mind, let’s take a look at some of Pune’s top commercial real estate locations.
Located in Pune West, Baner is one of Pune’s most preferred commercial real estate locations today. The proximity to the Mumbai-Bengaluru Highway and easy connectivity to Aundh, Balewadi, Wakad and Pune University Road make Baner a great choice for commercial office space in Pune.
The Hinjewadi IT Park is a short drive away & Baner has a large population of IT professionals staying in spacious homes. Translated simply, whether it’s a full-fledged office space or a smart retail space, Baner is your go-to area with a fantastic ROI potential.
Pune East’s fastest growing location; Kharadi is a short drive from the Pune International Airport. From large SEZs like EON IT Park and World Trade Center housing IT companies and ITeS services to hospitality and retail, Kharadi is a leading choice of commercial space seekers.
The locality is also well-connected to some of Pune’s most upscale areas like Koregaon Park, Kalyani Nagar and Viman Nagar. In fact with the on-going Pune Metro project, Ramwadi – close to Kharadi – will be connected with Kothrud in a fast and efficient manner.
Playing second fiddle to the upscale location of Aundh for many years, today Wakad has forged a strong identity for itself. One of the closest locations to Hinjawadi IT Park, Wakad is a short drive from the Pune-Mumbai Expressway.
The exemplary road connectivity to the industrial areas of Chakan and Talegaon give Wakad 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.
Home to the famous Rajiv Gandhi Infotech Park which put the city on the global map, today Hinjewadi is one of the hottest locations for commercial office spaces in Pune. Global MNCs like TCS, LTI, Infosys, Cognizant, Synechron, Wipro, etc. have set up large campuses in Hinjewadi.
Owning the explosion of IT-related talent pool, the area also has seen significant growth in hospitality, entertainment venues and retail outlets. Simply put, this is one place where commercial investment is bound to grow exponentially in times to come.
One of the late bloomers in Pune East, Mundhwa is just a few minutes from Koregoan Park, Kalyani Nagar and Hadapsar. Technology hubs like Magarpatta and Kharadi are a quick drive away. The area also boasts of proximity to good schools and quality healthcare, and surprisingly affordable commercial pricing as compared to the sky-high neighbourhood property rates.
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As discussed at the start of this article, location plays a key role in commercial property investment. Whether you’re looking for large office space, smart retail spaces or swanky showrooms, these top commercial real estate locations in Pune will definitely have something to meet your needs. And irrespective of which location you choose from these – based on your specific requirement – your rental income and/or return on investment will always be on the positive side of the profit scale.
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