About Pune – India’s Fast-Growing IT and Education Hub

Pune, which is often called the “Oxford of the East”, is among the Indian cities that have had the fastest growth in the last few years. The place is popular as it is the centre of information technology, automobile manufacturing, and education. The city is one of the choices for companies to open an office after Bengaluru and Hyderabad due to the availability of a young workforce, comfortable weather, and modern facilities. Pune has been a significant contributor to India’s Global Capability Centre (GCC) landscape by contributing nearly 15% of the country’s GCC revenues.

Pune will be a major contributor to India’s Grade A office absorption by 2025, most especially in the eastern and western corridors. Kharadi and Hinjewadi areas are undergoing rapid development because of the presence of many IT companies, GCCs, and startups. In addition, the low cost of real estate in Pune and the quick rise of urban infrastructure (one of which is the Pune Metro and the Ring Road project) are among the factors that businesses are finding attractive.

Pune has turned out to be a very good choice of place for office leasing for companies with long-term plans of growth. The town has a quite sustainable economy, a young group of employees, and a developing coworking ecosystem.

Office Space for Rent Pricing in Pune

Pune has a variety of office spaces that you can choose from, such as top-class Grade A buildings located in the IT hubs and the more affordable ones in the upcoming commercial areas. The pricing of office space for rent in Pune depends upon the area, the type of furnishing, and the extra amenities of the building, like power backup, parking, security, and accessibility. 

Are you an entrepreneur who is looking to save money with remote working stations, or are you a large enterprise that is interested in an entire floor in a prime tower? In Pune, office rental needs and budgets of all kinds are taken care of with the help of suitable space solutions.

Here’s a snapshot of average monthly rent in Pune’s top commercial areas:

Area	Average Monthly Rent (₹ per sq. ft.)
Kharadi	₹90 – ₹150
Baner	₹80 – ₹140
Hinjewadi	₹70 – ₹130
Magarpatta City	₹75 – ₹130
Viman Nagar	₹80 – ₹140
Hadapsar	₹60 – ₹100
Shivaji Nagar	₹70 – ₹120
Wagholi	₹40 – ₹70

Note: These prices can go up or down, as they are not fixed and depend on the quality of the building (A, B, or C), the level of the floor on which it is, the furniture (bare shell, semi-furnished, or fully furnished), and the extras, like parking area, backup power supply, and security.

Businesses looking for office space for rent in Pune should also think about the distance to the metro, the availability where food courts and banks are available, and other amenities. All of these can change the prices.

Best Office Space for Rent in Mumbai

Here are some of the top office spaces for rent in Pune:

1. Maruti Millennium – Baner, Pune

Maruti Millennium Tower is a modern commercial building located in Baner, which is one of Pune’s fast-developing business hubs. The building can offer you office space for rent in Pune that can be tailored to your needs. Therefore, it is a perfect choice for new and growing businesses. This 2023 project is a 20-story building with air conditioning and serves as a guarantee of easy vehicular access to almost all parts of the city.

2. 46 Down Town – Baner, Pune

46 Downtown is a noticeable commercial space with the key feature of providing premium office environments and visually appealing showrooms. This will, in turn, make the place the most suitable for running the business in Baner and improving the professional image of the business.

3. Prabhavee Tech Park – Baner, Pune

Prabhavee Tech Park in Baner, being situated near the main street, is an excellent choice for IT/ITeS companies. Having been constructed in 2009, it still provides a contemporary and functional workplace, which is just a stone’s throw away from the city.

4. Teerth Technospace – Baner, Pune

The 12-story commercial structure is a 350,000 square foot office space that is best for IT/ITES companies. The Teerth Technospace is modern and is provided with a food court, and is easily accessible from the Orchid and Holiday Inn hotels.

5. Pyramid Axis – Baner, Pune

Pyramid Axis, located on a 1-acre land plot, offers workspace that is both stylish and practical, being environmentally friendly and with open spaces. The project highlights functionally combined with aesthetics in designing, with the smallest size of the office space making up 4,000 sq. ft.

6. Aditya Shagun Infinity IT Park – Baner, Pune

Developed in alliance with Aditya Shagun Developers and K Raheja Corp, this Grade-A IT Park offers spacious floors. Situated in proximity to the future Baner metro station, it is apt for IT operations on a large scale.

7. SBH – Balewadi – Baner, Pune

Solitaire Business Hub 3 (SBH III) is a new place that includes modern commercial spaces and high-class office spaces. This contemporary construction was completed in 2022 and was adapted for the changing requirements of the modern-day industry with certification from myHQ.

8. Ambrosia Galaxy – Baner, Pune

Divyasparsh Infra’s Ambrosia Galaxy displays the perfect mix of progress and nature conservation in business structure. The project of 2024 will consist of floors with really good cooling systems and with equipment that businesses of today may need.

9. Mont Claire – Baner, Pune

The Mont Claire is a 26-floor building situated at Baner Pashan Link Road, and it provides different commercial spaces and good civic infrastructure. It has the right facilities for small companies, so there is no doubt that they will have a better environment and meet all their needs.

10. Nandan Probiz – Baner, Pune

Nandan Probiz, by Nandan Developers, is a premium business tower featuring high design standards and an innovative concept. This is a 2023-built property with spacious floors, energy-efficient air-conditioning, and a comfortable commercial location in Baner.

Top Locations Where Office Space for Rent in Pune is Available

Here are some of the most in-demand locations for office rentals in Pune:

Baner
Baner is a widely recognized business district, emerging as one of Pune’s major business districts and luring IT firms, startups, and MNCs. Moreover, the place is also well connected to the Mumbai-Pune Expressway via the road, and it also has access to the latest commercial towers such as Maruti Millennium, Teerth Technospace, and Aditya Shagun Infinity IT Park. Thus, from an infrastructure perspective, those companies that are on the lookout for contemporarily designed premises should use this as an advantage.

Hinjewadi
Hinjewadi, the location of the Rajiv Gandhi Infotech Park, features Pune’s largest IT and business district, where the world’s most renowned corporations are located, capable of offering the best business facilities, a wide range of transportation options, and good access to the residential areas and the main Pune-Bengaluru highway.

Kharadi
Kharadi is one of the fastest-growing IT and commercial zones in Pune’s eastern region. The prime EON Free Zone and World Trade Center office spaces, the biggest in Pune, are what Kharadi is famous for. The area is a magnet for companies in the tech sector and international businesses that are looking for advanced facilities and convenient access to the airport.

Magarpatta
One of the typical reasons why businesses will choose Magarpatta is that it is a self-contained IT and commercial township that is known to be very safe and environmentally friendly. The concept of Magarpatta is a total combined area that also includes office space, housing, schools, and sports, as well as social areas, all within a planned gated community.

Viman Nagar
Viman Nagar is an instantly accessible business district with good connectivity to Kalyani Nagar and Kharadi, near the Pune International Airport. It is also a mixed-use neighborhood where it is easy to see that startups as well as mid-size companies are dominating for a variety of commercial and lifestyle features.

Shivaji Nagar
The Shivaji Nagar region is a very established commercial zone, and the proximity to Pune Railway Station and major roads makes it easily accessible to people. It accommodates the businesses that need a central location and a combination of old and new premises.

Kalyani Nagar
Kalyani Nagar in Pune is a widely searched area for both commercial and residential purposes. The region can be seen as housing several tech parks, high-quality co-working spaces, cafes, and luxury apartments that provide a comfortable office environment for startups and creative agencies looking for office space for rent in Pune.

Balewadi
Balewadi is an area that is becoming more and more popular in terms of commercial growth. Such projects as the SBH Balewadi, as well as the remarkable infrastructure development, are the crucial milestones leading this place to the top. New-age tech companies and corporate offices are certainly being attracted to this location due to its fast-growing popularity.

Why Choose myHQ to Book an Office Space for Rent in Pune?

Are you looking to find an office space that suits your requirements perfectly in Pune, and that too quickly, without any hassle? Whether you’re looking for the best office spaces in major business areas such as Baner, Kharadi, or Hinjewadi, or simply going across the city exploring flexible office options, myHQ by ANAROCK is the right place for you. With an extensive portfolio and a hassle-free process, myHQ is an experience that you can trust for getting the right office space for rent in Pune with ease and fair price.

Here’s what makes myHQ the smart choice for office space for rent in Pune:

• Zero Brokerage Fee – Feel free not to think about paying extra or hidden charges. myHQ ensures that you only pay for what you see.
• 100% Verified Properties – Choose only from trustworthy properties, which are screened for safety, quality, and amenities.
• Your Own Office Consultant – Receive personalized help from professionals who are knowledgeable about your business requirements and financial capabilities.
• Largest Network of Commercial Workspaces – Browse among thousands of alternatives, from coworking seats to even the whole managed office floors.
• Backed by ANAROCK – myHQ is enabled by ANAROCK, which is one of the most trusted and reliable real estate consultancies in India.

Whether you need a single desk or a full floor, myHQ can help you find the right office space for rent in Pune without the stress.

Estimated Deposit for Office Space and Commercial Leasing in Pune

Once you choose to go for office space for rent in Pune, you are normally asked to give a security deposit. This deposit is often equivalent to a period of 3 to 6 months’ rent, which is decided based on many things like the office location, the contract period, and whether the space is empty or filled with furniture.

Should you pay ₹40,000 as monthly office space for rent in Pune, your security deposit could differ from ₹1,20,000 to ₹2,40,000. This money is kept as a surety deposit by the landlord during the tenure of your lease.

Prior to signing the lease contract, make sure to study the deposit-related clauses. Undoubtedly, you should be clear about the issues of the refund, notice periods, and the way the deposit may be deducted or used. It will be beneficial if you know these things so that you will not be surprised when your lease for office space for rent in Pune is over.

Once you are sure of the deposit terms, you are ready to kick off the business and enjoy the peace of your mind in every moment without any unexpected hassle in Pune.

Frequently asked questions (FAQs)