Pune, known as Maharashtra’s IT and education hub, has become a top destination for commercial real estate investment. With rapid urbanization, infrastructure development, and increasing business activity, the city offers excellent opportunities for investors in office spaces, retail shops, warehouses, and co-working spaces.
In this blog, we’ll explore the best commercial real estate investment locations in Pune and analyze their growth potential, rental yields, demand drivers, and future prospects.
1. Hinjewadi – The IT & Business Hub of Pune
Why Invest?
Hinjewadi is Pune’s largest IT and business hub, home to Rajiv Gandhi Infotech Park and global tech companies like Infosys, Wipro, TCS, and Cognizant. The area sees constant demand for office spaces, retail shops, and co-working spaces due to the influx of IT professionals.
Investment Potential:
- High rental demand from IT firms and startups.
- Upcoming Metro Line 3 (Hinjewadi to Shivajinagar) to boost connectivity.
- Major SEZs (Special Economic Zones) offering tax benefits.
Example Investment:
A Grade-A office space of 1,000 sq. ft. in a Hinjewadi IT park costs around ₹12,000 per sq. ft. and can fetch a rental yield of 6-8% annually.
2. Baner & Balewadi – Premium Commercial Destination
Why Invest?
Baner and Balewadi are rapidly growing into Pune’s premium commercial destinations, attracting corporate offices, MNCs, and startups. The region is well-connected to Hinjewadi, Aundh, and Pune city.
Investment Potential:
- Presence of Grade A commercial buildings and co-working spaces.
- High appreciation due to increasing demand from startups and IT firms.
- Proximity to residential hotspots ensures footfall for retail investments.
Example Investment:
A 200 sq. ft. retail shop in Baner costs around ₹18,000 per sq. ft. and generates ₹80-₹120 per sq. ft. in monthly rent.
3. Kharadi – Pune’s Next Business Capital
Why Invest?
Kharadi is emerging as Pune’s second major IT hub after Hinjewadi. The EON IT Park, World Trade Center, and Gera Commerzone house major MNCs like Barclays, Cognizant, and Amazon.
Investment Potential:
- Strong office space demand from IT/ITES firms.
- Proximity to Pune Airport (8 km) and upcoming Metro Line 2.
- The rapid growth of co-working spaces and business centers.
Example Investment:
A 500 sq. ft. co-working space in a Grade A office building costs around ₹13,000 per sq. ft. and can fetch a 7-9% ROI per annum.
4. Viman Nagar – High Footfall Retail & Office Market
Why Invest?
Viman Nagar is one of Pune’s most premium commercial areas, located near Pune Airport and Phoenix Marketcity. It attracts high-end retail brands, restaurants, and corporate offices.
Investment Potential:
- Luxury retail spaces and corporate office hubs drive demand.
- Proximity to airport, malls, and high-end residential areas.
- Ideal for hospitality and F&B businesses.
Example Investment:
A 300 sq. ft. retail shop in Phoenix Marketcity vicinity costs ₹30,000 per sq. ft., with rental yields of 10-12% due to premium footfall.
5. Shivajinagar – The Commercial Heart of Pune
Why Invest?
Shivajinagar is Pune’s central business district (CBD), housing government offices, corporate HQs, and financial institutions. It offers a mix of commercial office spaces, banks, and retail shops.
Investment Potential:
- High demand for premium office spaces from finance and legal sectors.
- Excellent connectivity via Metro Line 3, PMPML bus hub, and Pune Railway Station.
- Strong capital appreciation due to land scarcity.
Example Investment:
A Grade A office space of 750 sq. ft. costs ₹25,000 per sq. ft., with a rental return of ₹150-₹200 per sq. ft. per month.
6. Pimpri-Chinchwad – Industrial & Commercial Growth Corridor
Why Invest?
Pimpri-Chinchwad is Pune’s largest industrial belt, home to automobile, manufacturing, and engineering companies. The area is witnessing the rise of industrial parks, warehouses, and commercial offices.
Investment Potential:
- Strong demand for warehouses, factory spaces, and logistics centers.
- Upcoming Metro connectivity to Pune City.
- Ideal for industrial office spaces and showrooms.
Example Investment:
A 1,500 sq. ft. warehouse in Chakan MIDC costs ₹5,500 per sq. ft. and yields 6-7% ROI annually.
7. Magarpatta & Hadapsar – IT & Business Parks Hub
Why Invest?
Magarpatta and Hadapsar are Pune’s IT and corporate hubs, housing Cybercity Magarpatta, SP Infocity, and Amanora Park Town.
Investment Potential:
- High-end office spaces for MNCs and IT firms.
- Increasing demand for co-working spaces and premium retail.
- Close to Solapur Highway, Pune Railway Station, and Koregaon Park.
Example Investment:
A Grade A office space in Magarpatta IT Park costs ₹15,000 per sq. ft., with a rental yield of 6-8% annually.
Final Thoughts – Where Should You Invest?
Best for High ROI (7-10%)
- Kharadi (Office Spaces & Co-Working)
- Baner (Retail & Office Spaces)
- Viman Nagar (Retail Spaces & Showrooms)
Best for Long-Term Appreciation
- Hinjewadi (IT & Office Spaces)
- Shivajinagar (CBD & Corporate HQs)
Best for Industrial & Warehousing Investment
- Pimpri-Chinchwad (Factories & Logistics Centers)
Best for Retail & Commercial Growth
- Hadapsar & Magarpatta (IT Parks & Business Centers)
Conclusion:
Pune’s commercial real estate market is booming, offering excellent opportunities for investors across IT hubs, retail spaces, warehouses, and office spaces. The key to a successful investment lies in choosing the right location, property type, and understanding market demand.
Are you planning to invest in Pune’s commercial real estate? Connect with Kiaan Properties for expert guidance and exclusive investment opportunities!
