Top 6 Commercial Areas In pune

By Investoxpert | 27 Jan 2024 | Real Estate

Top 6 Commercial Areas In Pune

It takes some investigation to make a successful commercial real estate investment in Pune. Because businesses are cyclical, it is critical to get the fundamentals right from the start. The location of a commercial office space for sale in Pune is arguably the most crucial factor to consider.

Pune has grown significantly in the last ten years, turning several hitherto suburban regions into thriving business districts. Pune is a popular location for businesses because of the IT boom, prestigious universities, smart city projects, and less investment costs (in comparison to Mumbai).

Studying the captive audience in the area is necessary while selecting a site for a commercial store for sale in Pune. An incorrect business-location match might have a negative impact on both your long-term return on investment and operating expenses.

In light of the foregoing, let's examine a few of Pune's most desirable commercial real estate areas.

Let’s Have A Look At The 6 Top Locations Having Best Commercial Properties In Pune

1. Baner

Baner, which lies in Pune West, is one of the city's most sought-after areas for commercial real estate. The closeness to the Mumbai-Bengaluru Highway and easy connection to Aundh, Balewadi, Wakad and Pune University Road make Baner a perfect choice for commercial office space in Pune.

A short drive away lies the Hinjewadi IT Park, and Baner is home to many IT workers who live in roomy residences. To put it plainly, Baner is the neighborhood to choose if you're looking for a sophisticated retail space or a full-fledged office space with excellent return on investment.

2. Kharadi

Kharadi, the fastest-growing area in Pune East, is conveniently close to the Pune International Airport. Kharadi is a top option for those looking for commercial space, from big SEZs like EON IT Park and World Trade Center that house IT firms and ITeS services to retail and hospitality.

Additionally, the neighborhood has good access to some of Pune's wealthiest neighbourhoods, including Koregaon Park, Kalyani Nagar, and Viman Nagar. In reality, Ramwadi, which is near Kharadi, will be quickly and effectively connected to Kothrud thanks to the ongoing Pune Metro project.

3. Wakad

After years of taking a backseat to the posh Aundh area, Wakad has now established a distinct character of its own. Wakad is conveniently located near Hinjawadi IT Park and can be reached by car from the Pune-Mumbai Expressway.

Wakad has an additional edge in the commercial real estate market because to the excellent road access to the industrial regions of Chakan and Talegaon. Wakad's growth potential is unmatched as it has a captive population of working IT experts, top-notch schools, and a high standard of life.

4. Hinjewadi

As the location of Pune's well-known Rajiv Gandhi Infotech Park, which contributed to the city's global fame, Hinjewadi is one of the most sought-after districts for commercial office space. Global MNCs including TCS, LTI, Infosys, Cognizant, Synechron, Wipro, and others have large campuses in Hinjewadi.

In addition to the massive increase in the pool of people with IT-related skills, the hotel, entertainment, and retail industries have all seen substantial expansion in the region. Put otherwise, there is one place where there will undoubtedly be a significant rise in future commercial investment.

5. Mundhwa

Mundhwa, one of Pune East's late bloomers, is conveniently close to Koregoan Park, Kalyani Nagar, and Hadapsar. Technological hotspots like Kharadi and Magarpatta are only a short drive away. Along with being close to first-rate healthcare facilities and schools, the location also offers unexpectedly reasonable business prices when contrasted to the exorbitant neighborhood real estate costs.

6. Pimpri-Chinchwad

Pimpri-Chinchwad is a hive of economic activity and a commercial powerhouse nowadays. It also has the biggest MIDC in Asia. Pimpri is one of the biggest industrial regions in India when combined with Pune. PCMC has a long history of being a thriving industrial center. It is home to more than 4,000 industrial facilities, including major automakers in India as well as a number of international corporations.

One of the top commercial buildings in Pimpri-Chinchwad is Kohinoor World Towers, which allows world-class companies to function from a workplace that is globally benchmarked so they can show off their achievement. With KWT's distinctive architecture, clever design, first-rate amenities, and privileged comforts, your productivity will skyrocket and your company's reputation will rise to new heights. Come; belong to Pimpri’s greatest place for business.

How To Overcome The Challenges In Choosing Commercial Properties In Pune?

With so many business properties available in Pune, it's a good idea to get the answers to these five queries before making any new project investments. As was mentioned in the beginning of this essay, location is important when investing in commercial real estate. These premier commercial real estate sites in Pune are sure to satisfy your demands, whether you're searching for roomy offices, astute retail spaces, or elegant showrooms.

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It's critical to comprehend the five criteria that determine Pune's commercial real estate prices. Whichever location you select from them, depending on your particular needs, your rental revenue and/or return on investment (ROI) will consistently be on the higher end of the profit spectrum.

Conclusion

The burgeoning commercial real estate sector in Pune presents investors with a favourable prospect for expansion. You may ensure a successful long-term investment by taking into account factors like location, rental appreciation, market research, accessibility, reliable builders, financing alternatives, and flexibility. As you investigate the exciting world of Pune's commercial real estate, keep these pointers in mind.

Top 6 Commercial Areas In pune