GRADE A WORKSPACE – BANER

July 2020
LOCATION OVERVIEW

AXIS CENTRA

Baner, Pune – 411 045 TOWARDS

MUMBAI

Maharashtra, India SBD WEST

Location of Property

Distance from Property to –

Pune Airport (19.5 Kms)

Pune Railway Station (12.5 Kms)

Mumbai – Pune Highway (0 Kms)

TOWARDS
BENGALURU
Mumbai (150 Kms)
Mapping and plotting is for reference, and not to scale

Baner is located in the ‘Secondary Business District’ in West of Pune (SBD – West)
LOCATION OVERVIEW

Hotels Hospitals Restaurants

1. Holiday Inn - 5.0 Kms 1. Jupiter Hospital - 2.5 Kms 1. The Great Punjab - 2.5 Kms
2. J. W. Marriott - 8.5 Kms 2. Lifeline Hospital - 2.5 Kms 2. Malaka Spice - 2.5 Kms
3. Courtyard Marriott - 6.7 Kms 3. Medipoint Hospital - 4.2 Kms 3. Post 91 - 1.9 Kms
4. VITS Hotel - 1.8 Kms 4. Healing Hands - 2.2 Kms 4. KFC - 1.5 Kms
5. Sayaji Hotel - 5.0 Kms 5. Shashwat Hospital - 4.8 Kms 5. Incognito - 2.0 Kms

Travel Other
1. Mumbai Pune Highway - 0 Kms 1. Aundh Fire Brigade Station - 7.2 Kms
2. Deccan Gymkhana - 11 Kms 2. Westend Mall - 5.3 Kms
3. Swargate - 14 Kms 3. My Mall - 8.8 Kms
4. Koregaon Park - 16 Kms 4. Pune University - 8.5 Kms
LOCATION OVERVIEW – BANER | SBD WEST
 Baner is located in the ‘Secondary Business District’ in West of Pune (SBD – West)
Capital Value Trend Capital Value & Rental Trend
14000
 The SBD West micro market witnessed increased leasing activity in
12000 11500
9800
10500 the past 3 to 4 years mainly led by the IT Sector
10000 9200
8500
 Absorption & rental growth have immensely benefited due to lack
INR / SQFT.

8000 7300

6000 of Grade A office space in SBD West

4000
 The SBD West micro market has witnessed the maximum rise in
2000
Capital & Rental values between 2015 to 2019
0
2013 2014 2015 2016 2017 2018
 At a city level, capital values for commercial spaces in Pune rose by
Rental Trend 5 % y-o-y, led majorly by SBD West and SBD East micro markets
80
70  Overall Rentals in Pune have appreciated by 8 – 9 % y-o-y in 2017-
70 65
61 18 and by 10 – 11 % in SBD West
INR / SQFT. / MONTH

60 56
50 48
44
 Rentals and capital values will continue to grow steadily in this
40
micro market owing to lack of good quality supply and low vacancy
30
20 rate
10
0
2013 2014 2015 2016 2017 2018
 CAPITAL VALUE*
BALEWADI
Office Rate
INR 10,000 – 14,000 / sq. ft.

Residential Rate
INR 9,000 – 10,000 / sq. ft.
BANER

LEASE VALUE*
IT Office
INR 60 – 95 / sq.ft./ month

Commercial Office
INR 65 – 85 /sq.ft / month

*given rate is for bareshell properties

 SUPPLY SCENARIO – SECONDARY BUSINESS DISTRICT WEST

Of the total 8.6 mn Sqft. (approx.) Stock Micro Market Vacancy

8.2
mn. sq. ft.

4.5%
occupied

0.4
mn. sq. ft.
Available*

Vacancy levels at historical low

* Availability considered upwards of 5,000 Sqft.

SBD WEST – PRESENT & FUTURE

8.6 mn. sq. ft. 2.5 mn. sq. ft. 1.5 mn. sq. ft.

Total Office Supply in SBD West New Supply coming up in 2019 New Supply coming up in 2020

Rental Trend in SBD West

80
70
70 65
61
INR / SQFT. / MONTH

60 56
50 48
44
40
30
20
10
0
2013 2014 2015 2016 2017 2018
RECENT TRANSACTIONS - BANER

NAME OF NATURE OF AREA INDICATIVE

TENANT
BUILDING PREMISES (SQ FT) RENTAL RANGE (INR/SQ.FT)

IT / STPI
Smartworks Amar Sadanand Tech Park Bareshell 130,000 70 – 75

Avalara Amar Sadanand Tech Park Bareshell 36,000 70 – 75

Indiqube The Kode Bareshell 70,000 65 – 70

AWFIS The Kode Bareshell 30,000 65 – 70

Hella India The Kode Bareshell 25,000 65 – 70

Finastra Panchshil Business Park Warmshell 80,000 85 – 90

Qualys Panchshil Business Park Warmshell 200,000 72 – 77

NON – IT / COMMERCIAL
GS Labs Adisa Icon Bareshell 25,000 55 – 60

Fundtonic Adisa Icon Bareshell 25,000 55 – 60

Creliant Software Baner Biz Bay Bareshell 8,500 55 – 60

Nexiilabs Supreme Headquarters Bareshell 5,500 55 – 60

MAJOR TENANTS IN THE VICINITY
ASSET DETAILS
 BAN
ER
ROA
D

BUILDING USP AUN

DH

TO
& UNI
VER TOW

WA
SIT A
Y C RDS

RD
IRC
LE

MUS
Strategically located on main

MB
Mumbai Pune Highway

AI
Developer owned

Standalone EHS compliant

Prime residential and

commercial area in the vicinity

Excellent connectivity with major

business districts like Baner,
Balewadi, Hinjewadi, Aundh, etc.
PROPERTY DETAILS

DETAILS REMARKS

Name of Building Axis Centra

Grade of Building ‘A’

Location Baner

Landlord Axis Landmarks

Total Building Size (approx.) 113,259 Sqft.

Building Structure 3B + G + 7

Typical floor plate (approx.) 10,500 – 16,500 Sqft.

Building Efficiency (approx.) 72.5%

Number of Parkings 1 car per 1,000 Sqft.

Handover condition Fully Furnished

BUILDING ELEVATION
 CONTACT
JITESH VACHHANI

+91 7720060041
Jitesh.Vachhani@in.knightfrank.com

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