Commercial Real Estate IT Corridor Expansion Creates 2 Million Sq Ft Demand
Major technology companies announce expansion plans requiring additional office space, driving Grade A commercial real estate demand to record levels across Pune's IT corridors.
Tech Sector Expansion Drive
Global technology companies including Microsoft, Amazon, and Accenture have announced plans to add 15,000 employees in Pune over the next 18 months, creating unprecedented demand for premium office space.
Supply-Demand Dynamics
Current Grade A office space inventory stands at 8.5 million sq ft with 85% occupancy. New supply of 1.2 million sq ft is expected in Q2 2024, primarily in Hinjewadi Phase 2 and Magarpatta areas.
Rental Yield Analysis
Commercial properties in IT corridors are delivering 8-12% rental yields, significantly higher than residential investments. Premium locations command rentals of ₹75-100 per sq ft per month.