City expected to face shortage of new SEZ space in the medium term
Pune’s Grade A commercial office real estate market has been increasingly attracting the attention of major office space occupiers as a second option to Mumbai, because of its freshly available quality space options, comparatively affordable rental rates, as well as its proximity to and excellent connectivity with India’s financial capital. Continue reading
Studying the city’s real estate development for the way forward
A burgeoning automobile ancillary industry and the IT/ITeS sector’s growing presence have been the major growth drivers behind the notable transformation of Maharashtra’s second largest city—Pune. Over the past couple of years, the city’s IT sector in particular has seen significant growth, leading to sustained demand for office space in the city. The State Government of Maharashtra’s initiative to promote Pune as an IT/ITES destination; and promoting the Rajiv Gandhi IT Park (Hinjewadi) as an IT/ITeS knowledge center by acquiring large tracks of land and inviting large Indian MNCs such as Wipro, Infosys, and TCS, in the early 2000s set the tone for the city. Today with quite a few global majors having set up base here, Pune is home to several major IT parks Continue reading
CBREalty India 