Investing in commercial property in Pune necessitates some investigation. Because of the cyclical nature of business, it is critical to get the fundamentals right from the start. The location of commercial office space for sale in Pune is arguably the most significant factor to consider.
With Pune’s fast growth over the last decade, some places that were once considered outskirts are now commercial centers. Pune has been a favored destination for commercial organizations due to the IT boom, premier educational colleges, smart city projects, and reduced cost of investment. Choosing a site for a business shop for sale in Pune necessitates study into a local captive audience. An incorrect business-location fitment could harm your operating costs and long-term ROI.
Let’s have a look at some of Pune’s best commercial real estate locations in light of the foregoing.
Baner, in Pune West, is one of the city’s most sought-after commercial real estate locales today. Baner is a fantastic choice for commercial office space in Pune because of its proximity to the Mumbai-Bengaluru Highway and quick access to Aundh, Balewadi, Wakad, and Pune University Road.
A short drive away lies the Hinjewadi IT Park, and Baner is home to a large number of IT professionals who live in big homes. To put it another way, whether you’re looking for a full-fledged office space or a sleek retail location, Baner is the place to be.
Kharadi is a short drive from the Pune International Airport and is Pune East’s fastest expanding neighborhood. Kharadi is a popular alternative for commercial space seekers, with significant SEZs like EON IT Park and World Trade Center holding IT firms and ITeS services, as well as hospitality and retail.
Koregaon Park, Kalyani Nagar, and Viman Nagar are all close by, as are some of Pune’s most affluent neighborhoods. In reality, the ongoing Pune Metro project would connect Ramwadi, which is adjacent to Kharadi, with Kothrud quickly and effectively.
Hinjewadi is one of the hottest areas for commercial office spaces in Pune, thanks to the famed Rajiv Gandhi Infotech Park, which put the city on the map. TCS, LTI, Infosys, Cognizant, Synechron, Wipro, and other global MNCs have substantial campuses in Hinjewadi.
The neighborhood has seen tremendous growth in hospitality, entertainment venues, and retail shops, owing to the explosion of the IT-related skill pool. Simply said, this is one area where commercial investment will almost certainly increase dramatically in the future.
Mundhwa is one of Pune East’s late bloomers, located just minutes from Koregoan Park, Kalyani Nagar, and Hadapsar. Magarpatta and Kharadi, two technology centers, are just a short drive apart. In comparison to the sky-high neighborhood property rates, the area also boasts closeness to strong schools and superb healthcare, as well as unexpectedly reasonable business pricing.
The two most important variables that lead people to make commercial investments in PCMC are rent potential and rent appreciation. The rent, on the other hand, is heavily influenced by a variety of factors such as the location, the size of the commercial space, the nearby business opportunities, whether the space is furnished, semi-furnished, or unfurnished, the diversity of use for example, whether it can be converted into an office or used solely as a shop, and so on.
PCMC also benefits from a significant annual rent increase. The annual average is between eight and ten percent. Yes, in some regions that have been extensively developed in terms of residential growth, entertainment alternatives, and so on, the annual appreciation rate could reach as high as 12-14 percent.
In commercial property investment, location is crucial. These best commercial real estate locations in Pune will undoubtedly offer something to fit your demands, whether you’re searching for enormous office space, sophisticated retail spaces, or elegant showrooms. And, regardless of which of these locations you choose depending on your personal needs, your rental income and/or return on investment will always be on the upside of the profit scale. Sukhwani Business Hub’s facilities contribute to creating an office space suitable for employees, and employers may create a better environment that encourages efficient work and a good mood at work.
Sukhwani Market Hub is located in the heart of the district, with the economic importance of being close to significant locations such as Nashik that, Kasarwadi, and Pimpri-Chinchwad. This industry center is particularly commutable and close to India’s financial capital, Mumbai, because it is located on the historic Pune-Mumbai route. It is located in well-known industrial locations such as Chakhan, Bhosari, and Nigdi.