Buying Office Space in Pune? Here’s What You Need to Know

If you are planning to make real estate property investments in Pune, then you have made a perfect decision for your finances. Whether you are a startup, an established business in Pune, or an investor, buying office space in Pune will always be a smart and profitable move. Pune, as a city, has been rapidly growing with time in various sectors such as IT, education, real estate, manufacturing, marketing, and so on.

The improving infrastructure and the rapidly growing mix of businesses in Pune have lead to the rise of more commercial realty businesses, the property investment opportunities have increased and the Pune property has been in demand ever since. With this kind of growth opportunities and innovations, the considerations for buying an office in Pune are endless.

Let us do a thorough guide on why buying office space in Pune is worth it! This office space purchase guide will help you ease out the process and make it easier to make the selection.

Pune – An amazing city for office space and commercial realty investment

Pune’s commercial property scenario is currently high in demand due to the steady and thriving growth in the economy. With this, the major areas in Pune, such as Baner, Hinjewadi, Magarpatta, Viman Nagar, and so on, are growing rapidly. These locations are popular for being strong business zones of the city.

Pune has grown greatly with the pool of skilled talent and professionals, excellent and improved connectivity, and proximity to the airport and Mumbai City. The major highlight is the price point in Pune. The prices are highly affordable compared to Metro cities, making it ideal for investors for property investment in Pune. If you seek a shared workspace or want to purchase an office, Pune real estate remains promising for high ROI.

Things to consider before making an investment and buying office space in Pune

While you are planning on buying office space in Pune to pre-plan the process will always be a helpful source. Here are a few aspects to consider before deciding to invest in Pune.

Location

Choose a site that prioritizes accessibility, potential client reach, and the type of business you cater to. Here, Urban Vault provides premier locations in Pune’s leading business districts.

Budget

Consider more than just the price per square foot. Account for maintenance fees, taxes, and fit-out expenses.

Size & Layout

Determine if you prefer open workspaces, private offices, or meeting rooms.

Future Growth

Select a space that accommodates team growth.

Developer Reputation

Always verify the project’s quality, the handover track record, and legal approvals.

Purchasing an office in Pune can prevent bad investments and provide peace of mind.

Top tips to make a smooth and efficient purchase process for your investment.

Here are some amazing office space buying tips in Pune that will help you make a better and quick decision.

Legal Verification

It is imperative to ascertain that the property is registered with the Real Estate Regulatory Authority (RERA) and has no disputes.

Loan Eligibility Assessment

It is advisable to evaluate eligibility and equated monthly installments (EMIs) in advance if financing is being considered.

Return on Investment (ROI) Estimation

Inquire regarding rental yields and the potential resale value within the specified area.

Site Visit

Photographs alone do not suffice. It is essential to visit the property at various times throughout the day.

Inquiry About Amenities

Facilities like power backup, parking, and internet access greatly improve work-life balance. Urban Vault assists businesses at every step with documentation, legal advice, and managed services to streamline the process of acquiring office space.

Confused about which areas to invest in Pune?

To make a choice from the top locations for office space in Pune depends on the industry that you are majorly focused on. On basis of the industries, here are the locations that will help you understand Pune’s true potential and requirements.

• Baner & Balewadi - Popular for IT, startups, and consulting.

• Hinjewadi - Pune’s tech hub. Ideal for long-term property investment.

• Magarpatta City - Integrated township with all facilities.

• Viman Nagar & Kalyani Nagar - High-end commercial realty zones with excellent infrastructure.

• Wakad & Yerawada - Budget-friendly and upcoming commercial real estate hotspots.

If you are ready to explore office space options, allow Urban Vault to guide you through Pune's flourishing commercial real estate market.