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Pune- An IT Hub of India

Pune Industrial IT Hub India

The city is known for its pleasant climate, rich cultural heritage, and historical significance.

Pune has been a hub centre for education and automobile manufacturing units in India.  It also has a big military bases of Army and Air Force, Ammunition factories and many small of big engineering units.

During last few years Pune has also emerged a hub centre for IT companies due to the availability of skilled man power and other IT infrastructure. All the major multinational and Indian IT companies have their presence in Pune. 

Pune gives the IT professionals good opportunities in terms of number of jobs with good career prospects in terms of a wide range of IT services and lucrative pay packages.

Employment information:

Employment information for Pune reflects the city’s dynamic role as a major industrial and IT hub in India. The city has a diverse economy with key sectors including IT, manufacturing, education, and services. Here’s a breakdown of employment trends across major sectors

  1. IT and Software Services
  2. Manufacturing and Engineering
  3. Education and Research
  4. Services and Retail
  5. Startup Ecosystem
  6. Agriculture
Employment Distribution Chart

IT Dominating Areas in Pune:

Details of IT Industrial Areas
HinjewadiMagarpattaCity
BanerHadapsar
Viman NagarAundh
KharadiKhardi Knowledge Park
Koregaon ParkKalyani Nagar
Talawade IT ParkKothrud

List of IT Parks in Pune

  • Rajiv Gandhi Infotech Park, Hinjewadi
  •  EON Free Zone IT Park, Kharadi.
  •  Cybercity Magarpatta.
  •  SP Infocity IT Park, Phursungi.
  •  World Trade Center, Kharadi.
  •  Weikfield, Viman Nagar.
  •  Cerebrum IT Park.
  •  ICC Tech Park, Shivaji Nagar
  •  Commerzone IT Park, Yerwada & Baner

Availability of IT spaces in Pune

  • Stand alone building in any part of Pune
  • Stand alone Building in IT Parks
  • One or more Floor Plates in IT Parks
  • Stand alone Building in Business Parks
  • One or more Floor  Plates in the Business Parks

Type of Buildings

ParticularsTimeline
Ready to Use (RTU)N/A
Under Construction (UC)Below 6 months
Only Plot of Land2 Years

Type of IT offices available

Particulars Description
Bare/Cold  ShellBare shell office spaces are essentially empty spaces with no fittings, fixtures, or interior walls.
Warm ShellWarm shell comes with all the basic necessities that make it a ready to use unit like a toilet, lighting, plumbing, and various other parameters. In some cases the flooring, AHUS, First level sprinklers are a part of it.
Fully FurnishedA furnished office space is a commercial property that comes with essential office furniture and equipment like desks, chairs, filing cabinets, pantry etc.., which make it a ready to plug office space.

Prevailing Lease Terms of IT Space in Pune

Details
Type of AgreementLeave and License Agreement  (Preferred to save stamp duty) Lease Agreement
Lease TenureLeave and License Agreement for 5 + 5 + 5 Years Lease Agreement 5 to 15 years
Lock-in PeriodTerms
Notice Period for vacating3 – 6 Months

Commercials

ParticularsDetails
Rent (PSF on Built up)Cold Shell (Bare shell) – Rs 75 to Rs 100 Warm Shell – Rs 100 to Rs 150 Fully Furnished : As per the expenses to be incurred on furnishing
Interest Free deposit6 – 10 months
CAM Charges (PSF on Built up)Rs 10 – Rs 15

Taxes

TermsDetails
Property TaxCharged by the Municipal Corporation to the owner of the Property.  Normally paid by the owner of the property.
GSTGST @ 18 % is charged on the rent and CAM charges. It is paid by the tenant along with the monthly rental bill. Set Off is allowed.
TDSTDS @ 10% is deducted by the Licensee / Lessee while making payment to the owner of the property.

Seek help of ASCC to Procure IT Space in Pune

ASCC Activity
  • Buyer/Tenant Services
  • Seller/Landlord Services

  • Statutory permits and licenses for the industrial and commercial activity
  • Audits, Compliance and Consulting

  • Strategy consulting
  • Process consulting
  • Advisory services

Stakeholders/Customers who get benefitted

Foreign / MNC Companies

  • Entry Strategy for India
  • Representation for primary markets by working with Govt bodies
  • Approach for acquiring land in secondary market transactions
  • Complete compliance solution, training and development, and process refinement
  • Project Expansion
  • Exit strategy and finding suitable partners/buyers for industrial assets, business, JV
  • Winding up – compliance management

Industrialists and Entrepreneurs

  • Personalized service experience for acquiring land in primary and secondary markets
  • Complete compliance solution including training, development, and process refinement
  • Project expansion
  • Exit strategy and finding suitable partners/buyers for industrial assets, business, JV, and revival of sick units
  • Winding up – compliance management

Large Indian Corporates

  • Acquiring land in primary and secondary markets
  • Complete compliance solution, training and development, process refinement
  • Project expansion
  • Exit strategy and finding suitable partners/buyers for industrial assets, business, JV
  • Winding up – compliance management

Banks

  • Liquidation of Industrial and Commercial Assets – Non Performing Assets quickly

State Industrial Bodies

  • Finding suitable investors/companies to invest in state industrial development corporation industrial parks
  • FDI based project representations
  • Employment creation

Major Industrial Real Estate Transactions Done By ASCC

Year & Location Type of Transaction Companies Involved Remarks
2005 to 2012, Navi Mumbai
Leasing Out ware houses Times of India Leasing out Warehouses to Times of India across Navi Mumbai for Storage of News Print
2008, Ankleshwar Gujarat
Transfer of Leasehold Rights through GIDC
M/s. Santogen Textile Mills Ltd.
& M/s. Sharda Industries Pvt. Ltd.
Represented both parties for sale and transfer of Industrial assets in Gujarat
2009, Panvel, Navi Mumbai Built to suit and Lease
M/s Savita Chemicals & Honda Cars India Ltd (Japanese Company)
Assisted Honda Cars for long term (30 yrs) lease of an industrial property
2009, Taloja (Raigad) Built to suit and Lease ABB Ltd.(A Swedan based Co) Assisted ABB for long term (15 yrs) lease of an Industrial property near Navi Mumbai
2010, Taloja MIDC (Raigad) Built to suit and Lease ITS Ltd.( A Sweden Based Co) Assisted ITS for long terms (15 yrs) lease of Industrial property
2010, Vadnagar, Gujarat
Direct allotment through Gujarat Government
M/s. Himalaya Food International Ltd. The Plant was inaugurated by Mr. Modi (Now PM) in year 2013.
2010, Taloja MIDC (Raigad) Acquisition of Leasehold rights M/s Haliburton Offshore Services INC (A US Based Company) The plot was acquired for an Industrial use by an oil major co of US
2015 & 2018, Kurkumbh, Pune Sale of Industrial Land, Building, Pant & Machinery and a residential colony
M/s. Pearl Polymer Ltd.
The property was sold to 5 different companies / Firms.
2016, Roha MIDC (Raigad) Transfer of Leasehold rights of Industrial Plot. M/s. DRT -Anthea Aroma Chemicals Pvt Ltd (A French Company) The properties were sold for industrial use
2018, Navi Mumbai Acquisition of Land and Building
M/s MTS (Russian Co) M/s MP Biomedical (US Based Co) Acquisition of Industrial Assets for Bio Medical use I
2018, Patalganga MIDC (Raigad) Acquisition of Industrial Plots
M/s. Castrol India Ltd. ( A British Co)
Assisted Castrol for acquisition of Industrial Land for expansion of its activities
2019, Patalganga MIDC (Raigad) Acquisition of Industrial Land MIDC & M/s. Detox India Pvt. Ltd. ( A French Company) Assisted French Company for acquisition of Land for setting up CETP
2019, Navi Mumbai Joint Venture for IT Project B K Modi Group & M/s Vishva Green Realtors
Total area 7 .75 Lakhs Sq Ft Consisting of IT and Commercial. Project Cost @ INR 375 Cr
2019,Navi Mumbai Direct Allotment through MIDC
M/s Bharti Airtel Ltd)
Land acquision for Data Centre @ INR 95 Cr
2021, Mahad MIDC (Raigad) Transfer of Leasehold Rights
M/s Tex year Industrial Adhesive Pvt Ltd. ( A Taiwan Based Co)
3 adjoining plots were acquired and amalgamated for industrial use
2022, Navi Mumbai Land Acquisition for IT Project M/s Emperia Life space Industrial Land was procured through auction for IT Park. Total area 6.2 Lakhs sq ft consisting of IT and commercial. Project Cost 400 Cr
2022, Navi Mumbai Lease M/s. NOV India Pvt. Ltd. (US Based Co) The property was given on a long term lease
2022, Patalganga MIDC (Raigad) Acquisition of Industrial Land and Building Pidilite Industries Ltd ( An Indian Fortune 500 Co) Assisted Pidilite for acquisition of Industrial Land and building for expansion of its activities.
2023, Pimpri Chinchwad Pune
Sale of Industrial Assets
M/s. Ahura Ice Cold Storage The property was sold for industrial use in the prime industrial area of Pune
2023, Mohali (Punjab)
Sale of Industrial assets through company transfer
M/s. Smart Group of Dr. B K Modi
Industrial Assets of MBM Machines Ltd ( Modi Xerox) were sold through company transfer
Bahrod, Kotputli, Rajasthan
Sale of Industrial Land M/s. Himalaya Food International Ltd
The land has been sold for development of a private industrial park.

The Major Companies served By ASCC For Management of Compliance. ( MPCB , PESO, DISH , FIRE NOC etc..,)

S.NoName of the Company
1One of the Top Oil & Gas Major (USA) at their locations in Taloja, Usatane, Barmer, Kakinada
2One of the Top Oil & Gas Major (USA) at their locations in Mahape, JNPT, Kakinada
3Oil & Gas IT Arm (USA) at their Pune location
4Specialty Chemicals Leading Company (USA ) (R&D) at their locations in Magarpatta & Pirangut
5Major Automotive Manufacturer OEM (Japan) at Navi Mumbai location.
6M/s. Hindalco Industries Limited (Odisha)
7M/s. Aditya Birla Fashion & Retail Limited (Mumbai)
8Electronics Refurbishing Company (USA) for Amazon Products (Navi Mumbai)
9A Leading Engineering Company USA (Motors, Valves for aerospace, automotive )(Bangalore)
10M/s. Hyundai Mobis Ltd (Patalganga, Raigad)

Important Management Studies Done By ASCC

Raymond Ltd: To determine the deficiencies in the SCM and suggest solution to overcome the same.  The Study was conducted in year 2006.

Times of India: To improve the procurement and storage system for News Print Paper. The Study was conducted in 2008.

Pioneer Hi Bred International Seeds (a sister concern of Dupont Hybrid Seeds of US): To improve the distribution system of the finished goods. The study was conducted in   2010.

CMP Euro (An Italian co): To carry out in depth study and suggest best location to set up a plastic toy Industry. The Study was conducted in 2015.

APJ Laboratories  : To carry out feasibility study for sale of Industrial assets owned by APJ Laboratories in Paonta Sahib, Himachal Pradesh in 2020.

Enlink Managed Services Pvt Ltd : To carry out in depth study for best utilization of their Industrial Property in TTC viz IT Park, Industrial Park or Industrial Use. Study was conducted in 2024.

What ASCC Can Do For You

  1. Assistance for Selection of Location in Pune
  2. Short listing of property as per the given parameters
  3. Negotiating the lowest possible rental and best possible terms for your company.
  4. Due Diligence & Title verification
  5. Framing all agreements (MoU, Leave and License, Lease, Sales agreement etc.)
  6. Getting all permits and NOC’s at additional cost
  7. Management study on the given parameters (at additional cost) whenever required

Why ASCC

  • Having 20 + Years of experience in Industrial and Commercial properties.
  • We have dealt with 60 Multinational companies which include 22 fortune 500 companies.
  • Already dealing with many US based companies.
  • Having thorough regional knowledge of Pune and Maharashtra.
  • In house legal team for due diligence (Title verification) of the property and execution of agreements.
  • All business permissions and licenses under one roof.
  • Assistance for creation of business entity in India and obtaining all clearances.
  • Assistance for repatriation of money earned in India.
  • Rendering advice / guidance / assistance to the client whenever needed.
  • No brokerage accepted from the Owner of the Property to protect the client interest, if mandate is given.

To know more about us, Click here

Reach Us at

Ascent Supply Chain Consultants Private Limited (ASCC),
406 Raheja Arcade, Sector-11, CBD Belapur,
Navi Mumbai – 400614, MH – India.
Tel: 022-4897-4888
Email: info@ascc.in

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