4 Benefits of Leasing an office space in Pune

Pune is a well known IT hub and its proximity to Mumbai has encouraged conglomerates to explore business opportunities in this city. It also created an abundance of openings for landlords and developers. The influx of foreign based companies had increased the need for office spaces for lease in Pune. 

Young companies and startups prefer leasing an office space during the initial stages of operation. However, leasing an office space in Pune is easier said than done, here are some points to consider before taking the plunge into the leasing landscape: 

Access to Prime properties in Prime locations

The city has an abundance of prime localities, each of these localities have been snapped up by developers and converted into IT hubs, business parks. etc. These areas generally consist of state of the art facilities maintained by renowned developers. Your company can benefit from being in the presence of these localities.

These localities have a penchant for increasing the worth of organizations set up there. Customers are more inclined to trust the products and services offered by a company if they have an office space with state of the art facilities.

Affordable leasing options for desired time periods

Leasing an office space in a building with shared amenities can prove to be affordable for your company in the long run. Renowned developers offer multiple floors in a building to different companies with basic support services. This significantly reduces the effort required to set up amenities for running a business.

The developers also offer custom spaces that can be leased for specific periods. Companies can negotiate the terms of lease and the time period before moving into a new office space. Apart from these, smaller companies or startups opt for coworking spaces during their company’s growing stages.  

Access to thriving businesses nearby

Leasing an office close to a competitor can lead to various advantages. Your company can learn about the products and services offered by businesses located nearby and create unique selling points. It can help your company stand out among the crowd. 

Identifying your company’s target market and customers should be your first step before relocating your business. Usually, companies from similar industries, such as car manufacturers, clothing brands, etc. prefer to be located close to each other. Such areas have an established local infrastructure that caters to the needs of manufacturers and suppliers. This way you can arrange for supplies needed for your business in one place and also have access to customers without much hassle.

Predictable budget planning

Maintenance of a leased property is easier than an owned property. In the lease terms the lessee can opt for terms that suit their organization’s agenda. Leasing an office premises is also considered a cheaper option as there is no need to pay taxes for rent or lease paid. 

Owning a property can turn out to be quite expensive. A large sum of money will have to be allocated every month just for the upkeep of the building. At times, it can put a huge dent in the company’s pocket leading to less budget for business operations. Leasing requires nominal formalities and spending. At most, a lessee needs to pay a security deposit and share some of the maintenance costs with the owner.

5 Best areas for leasing an office space in Pune

Kharadi

It is a popular tech corridor in the north eastern part of Pune. The suburb has been steadily growing since the tech boom and currently houses more than 20 IT companies. A diverse range of companies set up their offices in this area due to its thriving business environment. 

Entrepreneurs can benefit from this by setting up their office space in kharadi. Commuting will be convenient as it is a popular business district and Ramwadi is the closest metro station from this area. 

Koregaon Park

It is an ideal locality for both residential and commercial properties as it connects people to several parts of Pune such as Yerwada, Bund garden, Kalyani nagar, etc. This upscale neighborhood is filled with hip global eateries and prestigious companies. It also houses prominent software companies in buildings constructed by premium developers. 

The area also provides quick connectivity to the Pune international airport. Businessmen are also looking for office space for rent in koregaon park due to its proximity to the Bund garden metro station.  

Baner

It is a rapidly growing suburb, catering to both commercial and residential development, located in the western part of Pune. The area offers a variety of options in terms of civic infrastructure, with many options for recreational facilities. 

Businessmen prefer leasing an office space in baner as it is an attractive destination for professionals accommodating the needs of a growing or a well established company. Bopadi is the closest metro station from this locality.

Kalyani Nagar

It is a famous industrial locale surrounded by companies from the IT and banking sector. The neighborhood has excellent connectivity to the Pune junction railway station. As it is located near Koregaon park, employees and professionals set up alternate office spaces in this region.   

The neighborhood has well developed infrastructural facilities serving the needs of multinational corporations. Having an office space in kalyani nagar has many advantages including convenience in daily commute through kalyani nagar metro station as well as future investment opportunities, as it is a developing locality. 

Hinjewadi

It houses the largest business park in pune. The Rajiv Gandhi Infotech Park is divided in three phases, consisting mainly of software companies such as Honeywell, IBM, Wipro, etc. Since 2020, this locality has significantly contributed towards the growth in IT and manufacturing sector and office leasing in Pune.  

This bustling hub is expanding further with well known developers showing interest in constructing premium residential complexes and luxury hotels. An office space in hinjewadi can increase networking opportunities for professionals and access to employee driven amenities at a short distance.

Conclusion

Pune is one of the most sought after cities due to favourable market potential. Growing companies need to quickly grab at available opportunities to present themselves to the bevy of venture capitalists or businessmen willing to invest in their capability. For this, having a physical presence in Pune can help beat the competition. 

To know more about how you can lease an office space in pune, Contact our professionals at http://www.citadelnetinc.com