Top 7 Reason to invest in Commercial Projects in Pune Pune has emerged as one of the largest commercial real estate market in India. Over the past 3 decades the city has witnessed huge IT establishments. Companies, majorly It firms from across the globe have chosen Pune as one of their work centres in India. According to the most recent CB Richard Ellis (CBRE) India Retail Market View H1 2023 report, there has been a significant increase in Commercial Projects In Pune in recent years, both in terms of office space stock and absorption trends.
Pune's economy is mostly built on its established industrial centre and thriving software industry. Pune is a major industrial hub that is expanding quickly year after year. It is home to Bajaj Auto, the world's largest two-wheeler manufacturer. The Pune office market contains a total of 51.2 million square feet of Grade A office space.
Bangalore remained the major office market, driving quarterly space take-up, followed by NCR, Pune, and Hyderabad, which accounted for more than 80% of leasing activity overall. A number of factors contribute to Pune's status as a popular location for Commercial Property for Sale in Pune. Some of the most important elements have been covered below.
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Over the years, Pune has become one of the largest start-up hotspots, and entrepreneurs frequently select office space in a good commercial core. Pune is also one of the top cities in India with a high demand and supply of commercial properties. Pune has recently emerged as one of the most prominent destinations for investing in commercial property. Major portion is this city is emerging and expanding as business hubs and industrial areas. The city's strategic location and variety of prospects have piqued the interest of many corporate houses, prestigious organisations, and IT firms in establishing modest and large office spaces.
Pune has experienced extraordinary growth in the IT/ITES sector since early 2000. Being home to key IT companies in India, the city continues to draw foreign investment. It is due to favourable government policies, a growth-oriented culture, and an extraordinary talent pool. This tendency has resulted in a high demand for New Commercial property in Pune, including retail spaces, commercial office spaces, IT city centres, and IT parks.
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Nestled amidst the picturesque hills of Maharashtra, Pune stands as a beacon of knowledge and culture, earning its prestigious title as the "Oxford of the East." According to a recent global university rating, Savitribai Phule Pune University ranks 93rd among top 100 universities worldwide. The availability of educational infrastructure is undeniably a unique feature of Pune's commercial real estate history.
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Another reason why Pune is regarded as a desirable commercial investment destination is its good planning as a smart city. Recently, the number of commercial projects in and around Pune has increased dramatically. Pune was chosen as the first model for an ambiguous smart city project; it is a significant railway hub, a defence centre, and has easy access to India's key economic areas, including the Mumbai region, Bangalore, Chennai, and the West Coast. Furthermore, the city's metro line from Rajiv Gandhi Infotech Park in Hinjewadi to Balewadi to Shivaji Nagar will be operating shortly.
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Being one of India's most flourishing technical industry, Pune is epicentre of India's Start-up Ecosystems. The easy-to-go approach by the government and strong & beneficial foundation for founding and maintaining successful enterprises is one more reason to invest in luxury commercial property in Pune. Co-working spaces and shared working hubs are increasing demand for real estate in the city's central areas, such as Aundh, Baner, and Bhosale Nagar.
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Pune boasts internationally known managerial, medical, and engineering colleges. The availability of a highly qualified skill pool has been one of the primary reasons why corporations chose to establish their operations in this city.
A strong economy can lead to higher demand for commercial space, which in turn can lead to increased rental rates and property values. Growing demand for housing can also create demand for commercial real estate, such as mixed-use developments that combine residential and commercial space.
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Commercial shops in Pune are becoming popular due to steadily increasing population growth and urbanisation. Also the booming economy further fuels this trend of housing demand. As people have more disposable income, they are able to afford higher rents, driving up demand. As a result, commercial real estate has become an attractive investment option for developers looking to cater to the growing demand. Other extra edge points-
Encouraging investment and growth in commercial developments in Pune can boost supply and match demand.
Real estate investment provides a diverse range of opportunities, from residential to Commercial space in Pune. Investors can see their investments expand over time as they benefit from rising property values, rental revenue, and other investment returns. This trend is especially noticeable in Pune, which has evolved as a business hub. This has resulted in higher rental yields, making commercial real estate investing a profitable alternative for city-savvy investors.
Commercial property in Pune has recently gained popularity in metropolitan regions. Experts attribute this tendency to a variety of causes, including the potential for larger profits and lower vacancy rates than residential property.
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