Conferred to as 'Oxford of the East' and 'Most Liveable City' in India numerous times, Pune has attracted people from all walks of life, either for educational purposes or IT jobs. Besides being an educational centre of Maharashtra, Pune is an established hub for automobile industries, MNCs, and SEZs. Owing to the influx of more small-scale to medium-sized companies, the area is witnessing rapid growth in commercial property developments. Potential investors and developers have already seized the opportunity and laid the foundation for the finest-grade commercial properties in the market, selling Grade-A office spaces and retail shops.
This blog will discover the five emerging commercial hotspots in Pune that are poised for even greater success in the upcoming years. Whether you're a business owner looking for a strategic location to set up shop or an investor seeking promising avenues, these hotspots in Pune offer immense potential and promise a thriving future.
Pune presents a diverse economy with several industries, including software, automobile, education, and healthcare. As a result, the growing demand for commercial spaces has received traction from investors.
Below is the list of the top 5 locations for commercial property in Pune for investment.
- Baner
Baner has been steadily gaining recognition as an emerging location for commercial property investment. Its proximity to major IT hubs like Hinjewadi and Rajiv Gandhi Infotech Park has further stimulated the growth for commercial property investment. The area's flourishing educational institutions have also contributed to its commercial appeal by fostering a young, educated workforce.
USP: Baner has transformed into a vibrant commercial hub, attracting IT companies, startups, and retail businesses due to its excellent connectivity to the Mumbai-Pune Expressway and Hinjewadi IT Park. The area's infrastructure development, including premium office spaces and modern amenities, adds to its appeal.
ROI: The high demand for commercial spaces in Baner ensures strong rental yields and substantial capital appreciation, making it a lucrative investment opportunity.
- Hadapsar
Hadapsar, once a quiet suburb in the eastern part of Pune, has rapidly transformed into a prime destination for commercial real investment in Pune. One of its primary advantages is its strategic location, offering excellent connectivity to the city's key areas through a network of roads and highways. The presence of major business hubs like Magarpatta City and SP Infocity, as well as the Pune-Solapur Highway, makes Hadapsar an attractive choice for businesses seeking a foothold in Pune.
USP: Hadapsar stands out as an established commercial centre, hosting prominent IT parks like Magarpatta City and SP Infocity. Its proximity to major residential areas and smooth connectivity to the airport and railway station make it a preferred choice for businesses.
ROI: With a steady influx of IT companies and a growing workforce, Hadapsar offers consistent rental income and the potential for long-term value appreciation, making it a secure investment.
- Balewadi
Balewadi, located in the western region of Pune, shares seamless proximity to Mumbai-Pune Highway, Aundh, Pimpri, and Baner. With already established companies like Bosch, Qualys, and Siemens holding their presence in Balewadi, the region continues to gain popularity among investors. Further, the development of Balewadi High Street has enhanced the opportunities for businesses to thrive and yield great returns. Besides being famous for its commercial properties, Balewadi is a perfect place for leisure and entertainment purposes. Given the rapid infrastructural developments in Balewadi and the metro line construction in progress, this region serves as a gateway to unlock lucrative investment opportunities.
USP: Balewadi is rapidly emerging as a commercial hotspot, known for its modern office spaces and proximity to key areas like Baner and Hinjewadi. The area's appeal is boosted by the presence of the Balewadi High Street, which offers a blend of business and leisure, attracting both corporations and consumers.
ROI: Balewadi's strategic location and ongoing infrastructure developments ensure a high ROI, with strong rental demand and property value growth.
- Pimpri Chinchwad
Pimpri Chinchwad, positioned on the northwestern side of Pune, has evolved into a hot destination for commercial property investment. Its robust industrial and manufacturing ecosystem, exemplified by the Pimpri-Chinchwad MIDC, has raised a strong demand for various commercial spaces. The area's strategic location close to the Pune-Mumbai Expressway offers an appealing opportunity for businesses to thrive and unlock high returns.
The presence of reputed educational institutions has further catalyzed the growth of businesses catering to students. At the same time, continuous residential development has generated a rising demand for commercial establishments such as shopping centres, restaurants, and healthcare facilities.
USP: Pimpri-Chinchwad is a well-established industrial and commercial zone, home to numerous manufacturing units and IT companies. Its excellent road and rail connectivity, coupled with government initiatives to boost industrial growth, make it a thriving commercial area.
ROI: The consistent demand for commercial properties in Pimpri-Chinchwad offers investors stable rental returns and long-term capital gains backed by the area's robust industrial base.
- Koregaon Park
Koregaon Park, nestled in the heart of Pune, is emerging as a flourishing hotspot for commercial property investment. The strategic location and cosmopolitan lifestyle of Koregaon Park make it a perfect place for businesses seeking a prestigious address. The area's proximity to Pune's central business districts, educational institutions, and high-end residential complexes has fuelled its commercial growth.
Koregaon Park has witnessed the rise of boutique stores, fine dining restaurants, and co-working spaces catering to the demands of its residents. Moreover, its vibrant cultural scene, with numerous art galleries and cultural events, adds to its charm as a commercial destination.
USP: Koregaon Park is one of Pune's most prestigious and upscale areas, known for its luxury commercial spaces, high-end restaurants, and boutique offices. Its central location and premium clientele make it a highly sought-after commercial destination.
ROI: Investing in Koregaon Park guarantees high rental income and property appreciation, driven by the area's exclusivity and continued demand from premium businesses.
Conclusion
To sum up, commercial real estate investment in Pune is rising, with reputed developers and investors building the top-grade business spaces across various locations around the city. The city's speedy infrastructural growth makes it a suitable opportunity for investors to generate high ROI and returns.
If you are looking for commercial office space in Pune comprising high-street retail and boutique offices in Hadapsar, consider Apex Complex and Ascent Avenue by Amanora as the ideal options for investment. Both projects are a part of 400 acres of Amanora Park Township, offering excellent customer footfall, high visibility, and excellent ROI.
