{"id":1060,"date":"2025-08-12T11:05:52","date_gmt":"2025-08-12T05:35:52","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1060"},"modified":"2026-02-17T15:37:11","modified_gmt":"2026-02-17T10:07:11","slug":"eaton-technologies-leases-1-5-lakh-sq-ft-office-space-in-punes-baner-from-k-raheja-corp-subsidiary","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/eaton-technologies-leases-1-5-lakh-sq-ft-office-space-in-punes-baner-from-k-raheja-corp-subsidiary\/","title":{"rendered":"Eaton Technologies Leases 1.5 Lakh Sq Ft Office Space in Pune\u2019s Baner from K Raheja Corp Subsidiary"},"content":{"rendered":"\n

Eaton Technologies India has made a significant office space commitment in Pune, leasing 150,000 sq ft at Aditya Shagun Infinity IT Park in Baner for a 10-year term. According to property registration documents accessed by CRE Matrix<\/a>, the deal carries a potential rental outflow exceeding \u20b9250 crore over the lease period.<\/p>\n\n\n\n

The leased space, spread across three floors, has been taken from Asterope Properties Pvt Ltd\u2014part of K Raheja Corp\u2014at a starting monthly rent of \u20b91.65 crore (\u20b9110 per sq ft) with an annual escalation of 4.5%. The agreement includes a five-year lock-in period, a security deposit of \u20b99.9 crore, and parking for 150 four-wheelers and 150 two-wheelers. Eaton also holds the option to lease an additional 47,000 sq ft within the same complex.<\/p>\n\n\n\n

The lease commences on July 15, 2025, with occupancy phased across three timelines\u2014July 15, December 1, and January 15, 2026. Fit-out rent is set at \u20b92,400 per sq ft per month, while common area maintenance (CAM) charges are fixed at \u20b914.75 per sq ft per month.<\/p>\n\n\n\n

Eaton Technologies, the Indian arm of the US-based intelligent power management company Eaton Corporation, plans to establish its Global Capability Center (GCC) at this location. This move underscores India\u2019s growing role as a GCC hub, driven by strong talent availability, competitive operating costs, and modern infrastructure.<\/p>\n\n\n\n

The deal is part of a rising trend of large, pre-committed office leases in Pune, especially in the western corridor covering Baner, Balewadi, and Hinjewadi. Over the past 18 months, this region has attracted major commitments from multinational corporations across technology, engineering, and financial services sectors.<\/p>\n\n\n\n

With its strategic location and high-grade infrastructure, Baner continues to position itself as a preferred destination for companies looking to set up large-scale operations in India.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Pune\u2019s commercial real estate market has seen a surge in activity recently, with major corporates securing premium office spaces across key business districts. This reflects strong demand driven by IT, engineering, and global capability centres expanding operations in the city.<\/p>\n\n\n\n

In a similar transaction earlier this year, Citigroup Inc. secured over 7.7 lakh sq ft of office space through a long-term lease in Pune\u2019s Kharadi<\/a>. In another transaction, Awfis Space Solutions leased 1.97 lakh sq ft of office space in the same locality of Pune<\/a>.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/h4>\n\n\n\n