India’s commercial real estate sector continues to attract large occupiers, with global consulting major Deloitte expanding its footprint in Pune. According to documents accessed through CRE Matrix, Deloitte Consulting India has leased approximately 1.56 lakh sq. ft. of office space at International Tech Park Pune, reinforcing the city’s growing prominence as a commercial hub.
Deal Details
Deloitte Consulting India has secured nearly 1.56 lakh sq. ft. of office space across two floors at International Tech Park in Pune’s Kharadi locality under a 10-year lease agreement. The company has leased approximately 77,969 sq. ft. on each floor, with rentals ranging between ₹79 and ₹80 per sq. ft. per month.
Based on the agreed rental structure and escalation clauses, the total lease commitment is estimated at nearly ₹176 crore over the tenure. The agreement also includes a three-year lock-in period and a rental escalation of 15% every three years.
In addition to the base rent, Deloitte will pay maintenance charges for the leased area and has deposited ₹7.44 crore as security. The company has also secured exclusive access to 156 parking spaces as part of the transaction.
This lease aligns with Deloitte’s aggressive expansion strategy in India as the company continues to scale its workforce and service capabilities.
Why Is Kharadi Emerging as Pune’s Preferred Office Destination?
Over the past few years, Kharadi has established itself as one of Pune’s most active commercial micro-markets. Its modern Grade-A office developments, strong connectivity, and access to skilled talent have attracted multinational corporations, global capability centres, and technology-led enterprises.
The locality continues to witness strong development activity, with a substantial pipeline of new office supply expected over the next few years. Occupiers across BFSI, IT, engineering, and ecommerce sectors continue to drive leasing demand in the corridor.
As businesses prioritise scalable and high-quality office infrastructure, Kharadi has emerged as a strategic destination for long-term expansion.
What Does This Transaction Indicate for Pune’s Commercial Real Estate Market?
Deloitte’s latest office lease reflects the broader recovery underway in India’s commercial real estate sector. Increased hiring, return-to-office strategies, and expansion by global occupiers are driving fresh leasing activity across major business hubs.
Pune, in particular, has emerged as one of the strongest-performing office markets, supported by healthy rental growth and sustained demand for premium workspace.
Large-scale transactions such as this not only strengthen Pune’s position in India’s office leasing landscape but also highlight long-term occupier confidence in the city’s commercial growth story.
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