Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

Pune : Sadashiv Survase, joint director of the Maharashtra Directorate of Industries, said that of the eight companies that will invest in the Pune region, five are involved in logistics while the rest are involved in electronics and data centres. The Maharashtra government recently signed MoUs with eight mega companies that will invest more than Rs 10,000 crore and generate employment for over 18,000 people in the Pune region. *Earlier this month, the Maharashtra government had signed MoUs with 18 companies which will invest over Rs 34,500 crore in the state. Most of these companies are coming up in Chakan phase II while some have decided to set up their offices in the Talegaon industrial area. The administrative process to facilitate the transfer of land and setting up of units has begun, sources said. The total investment which will come up in the area is to the tune of Rs 10,505 crore while the total employment generated by the companies is expected to be 18,484, according to sourc

PUNE: Amid Covid-19 pandemic, Pune’s office market is gradually picking up with approximately 1 million sq. ft. of gross office space being absorbed during July to October 2020. This is in comparison to a 1 million sq. ft. absorption in the first half of 2020 (January to June). While absorption was sluggish in H1 2020 owing to the lockdown, the city witnessed large corporate occupiers renewing their existing office leases as a part of their long term corporate real estate strategies during July to October 2020. As a result, the first ten months of the year witnessed approximately 2 million sq. ft. of gross absorption. The leasing has been primarily led by BFSI & Fintech, GICs, Indian and Global Technology Services Firms, Product companies and Flex/coworking space Operators. Additionally, Pune is also getting recognised as a start-up and R&D hub. Average vacancy in the city during the last three quarters remained range bound and stands at 4.7% by end of Q3 2020. Approximately 7

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