Investing Trends

Commercial places at the western corridor of Pune are buzzing with existent estate activities. Near about all the big IT companies of Republic Of India including Infosys and Wipro have got opened their software system development installations in the area. International IT and ITes giants are also scouting for commercial place in the country quite aggressively.

Basically, this emerging image at the peripheral locations of Pune started with the building of Rajiv Indira Gandhi InfoTech Park at Hingewadi. The successful completion of the undertaking not only established Pune among the most sought after locations for engineering major league but also catalyzed the commercial existent estate scenario in the city.

Definitely, Hingewadi is an ideal topographic point for any concern conglomerate. The location is suitably connected with the commercial hubs of Mumbai and Bangalore with Mumbai-Pune and Mumbai-Bangalore Expressway.

On the other hand, the place values at Hingewadi are also quite low in comparing with the other premier commercial locations Pune.

According to the place traders active in the area, more than than 90 per cent of the commercial business office space in and around the peripheral locations like Hingewadi is absorbed by IT and ITeS companies.

With such as trends, the existent estate developers also have got launched commercial undertakings in the area. Keeping in head the involvement of corporate participants in establishing their operation centres here, the developers are pretty positive about the new projects, said Rajesh Marwah of Pune Properties.

He pointed out that the volume of building activities in the part is enormous. As per the marketplace reports, about 50 per cent of the sum business business office space projected to be supplied in Pune would come up up at these peripheral locations only.

According to sources, the norm office space leases at Hingewadi hover between Rs 20 and Rs 35 per square ft per month.