{"id":888,"date":"2024-12-13T11:34:37","date_gmt":"2024-12-13T06:04:37","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=888"},"modified":"2026-04-21T16:26:24","modified_gmt":"2026-04-21T10:56:24","slug":"ca-india-technologies-pvt-ltd-extends-office-lease-in-punes-it-hub-with-annual-rent-exceeding-%e2%82%b912-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/ca-india-technologies-pvt-ltd-extends-office-lease-in-punes-it-hub-with-annual-rent-exceeding-%e2%82%b912-crore\/","title":{"rendered":"CA India Technologies Pvt. Ltd. Extends Office Lease in Pune&#8217;s IT Hub with Annual Rent Exceeding \u20b912 Crore"},"content":{"rendered":"\n<p>US-based CA Technologies Private Limited has renewed its lease for a 1.08 lakh sq ft commercial space in Pune&#8217;s Kharadi area, a key IT hub. The lease agreement made with a subsidiary of Panchshil Realty involves an annual rent exceeding \u20b912 crore for a five-year term, as per property registration documents obtained by <a href=\"https:\/\/www.crematrix.com\/\">CRE Matrix<\/a>. This commercial space is situated in the Eon Free Zone, a prominent office hub in Kharadi, and is owned by Eon Kharadi Infrastructure Pvt Ltd. The agreement was registered on November 28, with the tenant providing a security deposit of \u20b98.46 crore and a stamp duty of \u20b949.57 lakh.<\/p>\n\n\n\n<p>The leased property includes the ground, second, and third floors, totaling 1.08 lakh sq ft. It offers 308 parking spaces, comprising 108 for four-wheelers and 200 for two-wheelers. The current monthly rent is set at \u20b998 per sq ft, amounting to \u20b91.07 crore, and this rate will remain until November 2025. The rent is scheduled to increase over the lease term, rising to \u20b91.12 crore per month in 2025, \u20b91.18 crore in 2026, \u20b91.24 crore in 2027, and \u20b91.30 crore in 2028. Previously, from 2022 to 2024, CA Technologies leased a larger space of over 1.83 lakh sq ft at a monthly rent of \u20b92.05 crore.<\/p>\n\n\n\n<p>Kharadi&#8217;s commercial real estate market is thriving, with local brokers reporting monthly rental rates of around \u20b990 per sq ft for Grade A office spaces. According to <a href=\"https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/\">Abhishek Kiran Gupta<\/a>, CEO and co-founder of CRE Matrix and IndexTap.com, this transaction highlights how the office markets are still thriving as start-ups, Indian corporations, and GCC companies continue to grow. Ample human resources, Grade A office buildings, and affordability are the main factors that make Pune a desirable office market. Despite a slowdown in growth, Grade A office rentals are still increasing.<\/p>\n\n\n\n<p><strong>Recent Transactions <\/strong><\/p>\n\n\n\n<p>Pune&#8217;s commercial real estate market continues to witness strong activity, with recent transactions reflecting steady demand. In a recent deal, <a href=\"https:\/\/www.crematrix.com\/blog\/lodha-group-acquires-2-8-acre-land-parcel-in-pune-from-paranjape-schemes-for-%e2%82%b9110-crore\/\">The Lodha Group purchased a 2.82-acre land plot in Pune\u2019s Hinjewadi<\/a> for Rs 111 crore. In another transaction, <a href=\"https:\/\/www.crematrix.com\/blog\/mrf-leases-3-85-lakh-sq-ft-warehousing-space-in-punes-mawal-area\/\">MRF secured the lease of 3.85 lakh sq ft of large warehousing space<\/a> in the Mawal area of Pune.<br><br>Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. <a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now<\/a>!<\/p>\n\n\n\n<h2><strong>Media Mentions<\/strong><\/h2>\n\n\n\n<ul><li><strong>Hindustan Times: <\/strong><a href=\"https:\/\/www.hindustantimes.com\/real-estate\/ca-india-technologies-private-limited-renews-office-lease-in-pune-s-it-hub-for-an-annual-rent-of-over-rs-12-crore-101733913883075.html\" rel=\"nofollow\">CA India Technologies Private Limited renews office lease in Pune\u2019s IT hub for an annual rent of over \u20b912 crore<\/a>.<\/li><li><strong>The Realty Today: <\/strong><a href=\"https:\/\/www.therealtytoday.com\/news\/us-based-ca-india-technologies-secures-5-year-lease-renewal-in-punes-kharadi-for-12-crore\/\" rel=\"nofollow\">US-Based CA India Technologies Secures 5-Year Lease Renewal in Pune\u2019s Kharadi for \u20b912 Crore<\/a>.<\/li><li><strong>The Economic Times:<\/strong> <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/property-\/-cstruction\/ca-technologies-india-arm-renews-lease-for-1-08-lakh-sq-ft-office-in-punes-kharadi\/articleshow\/116220472.cms?from=mdr\" rel=\"nofollow\">CA Technologies\u2019 India arm renews lease for 1.08 lakh sq ft office in Pune\u2019s Kharadi<\/a>.<\/li><li><strong>Business Standard: <\/strong><a href=\"https:\/\/www.business-standard.com\/finance\/personal-finance\/office-space-in-pune-s-koregaon-park-leased-for-rs-1-2-crore-monthly-rent-124121300196_1.html\" rel=\"nofollow\">Office space in Pune&#8217;s Koregaon Park leased for Rs 1.2 crore monthly rent.<\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>US-based CA Technologies Private Limited has renewed its lease for a 1.08 lakh sq ft commercial space in Pune&#8217;s Kharadi area, a key IT hub. The lease agreement made with&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2717,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,147],"tags":[5,20],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CA India Technologies Pvt. Ltd. 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