Best Locations In Pune To Buy Commercial Property
The Queen of Deccan-Pune is located at the western margins of the Deccan Plateau
, quite near to Mumbai. Pune has a very pleasant climate and a well developed urban area that spans about 700 sq Km. Of late, Pune has emerged as a big center for IT & automobile companies and numerous prestigious educational institutions and it still is growing. The residential real estate segment is on the rise in Pune and so is the commercial segment. If you are planning to go for commercial properties in Pune, following locations are worth giving a thought. These are well connected, possess proper amenities and are cost-effective:
Viman Nagar- Its one of the first systematically planned and executed locality of Pune. The international airport is half kilometers from here and it is located at a distance of 6 kilometers from the Pune Main Railway Station. There are two large IT parks in the area viz. Giga Space and Weikfield IT City. One of the biggest malls in Pune, Phoenix City and Inorbit mall are to be developed at Viman Nagar. Ruby Clinic and Jahangir Hospital are a few good hospitals located near Viman Nagar.
Kharadi- Located in the eastern part of the city, the area is up coming and is undergoing development. However, its located slightly on the outer side, but the place is well connected. The place has experienced a revamp of infrastructures by the PMC. The locality is easily accessible and proximity to the airport, Koregaon Park, Kalyani Nagar, Viman Nagar, Ranjangaon makes it a preferred real estate location.
Kalyani Nagar- Situated at a distance of 5 km from Railway Station and the central business district and 3.5 km from the Airport, the locality is within easy reach. Many big commercial projects that include Malls, IT parks etc have been developed and are under development in the area. Big companies like HSBC and Cybage have their offices in the locality. Vithalrao Vandekar Road, Central Avenue and Nagar Road are the 3 main roads in the locality. The place is situated at a distance of 4 Km from the airport and about 5-6 Km from the railway station.
MagarPatta- Situated along the Pune-Solapur Highway, the locality spans over a whopping 700 acres and is the first of its kind in India to have received an ISO:9001 certification for an eco friendly construction. The locality houses some of the few leading IT giants that include Amdocs, Accenture, Patni, Sybase, Avaya, SoftDEL Systems and EDS. The Mega Center and The Destination Center are the two major commercial projects in the area. Vicinity to Kharadi IT Park, EON IT Park, and the Hadapsar Industrial Estate also makes it a good choice for commercial property.
Hinjewadi- Hinjewadi lies in the western part of the city and is the home to the biggest IT Park in Pune Rajiv Gandhi Infotech Park. Some of the companies at the Technology Park are: IBM India, Idea Cellular, KPIT Cummins, Tata Technologies, Infosys, Wipro, Tata Consultancy Services, Geometric Technologies, Inc., Tech Mahindra, Cognizant Technology Solutions, Mindtree and Synechron. It is easily commutable to Mumbai as the Mumbai-Pune highway almost passes through the locality.
Satara Road-The Swargate bus depot is connected to the Katraj Ghat via this road, a pass through the mountains. On further extension, the road leads to Satara town. There are a few famous engineering colleges here that include Bharati Vidyapeeth and Pune Vidhyarthi Griha's Engineering College.
Baner Road- Baner road runs from University circle on the east to the Dehu-Katraj bypass (NH 4) on the west.
Senapati Bapat Road- Starting at the BMCC (Brihan Maharashtra College of Commerce) Road, the road terminates off off Pune University Circle on the Ganesh Khind road. Kirloskar International Convention Center (ICC) is located on this very road itself. The ICC has many famous companies office like CTS, HCL, and Siemens etc. Symbiosis Institute of Business Management (SIBM) lies en route. The road houses a lot of IT/ITES companies such as Sungard, BMC Software, Persistent Systems and T-Systems.
Commercial Property Rates in the above areas are:
AreaProperty TypeAvg price/SqftAvg Rent/Sqft
Baner Road Land 2012 -
Office 5310 44
Retail 12014 60
Hinjewadi Land 1490 -
Office 11445 50
Retail 4800 36
Kalyani Nagar Land 7407 -
Office 10413 60
Retail 11231 103
Kharadi Land 2383 -
Office 4567 36
Retail 6345 55
Magarpatta Office 5085 41
Retail 8312 40
Satara Road Office 5203 40
Retail 9704 76
Senapati Bapat Rd Office 7765 60
Retail 11039 97
Viman Nagar Land 3824 -
Office 6087 50
Retail 11433 64
by: san
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