By Soniya Gaonkar on Oct 28, 2022 10:24:00 AM
Reasons Why Your Startup Should Rent a Premium Office Space in Pune
Are you planning to launch your startup or have already started one? If you haven't finalized the office space yet, consider keeping your operational base in Pune. One significant reason is the affordable rent. Renting a premium office space in Pune is much cheaper than in Mumbai. But while everything in business pivots around money, Pune offers various other advantages. Let's explore.
Why Rent a Premium Office Space in Pune? – 4 Reasons
Here are four reasons many startups rent premium commercial properties in Pune.
1. Reasonably Priced Premium Office Spaces
Of course, this blog isn't about comparing Mumbai and Pune, as both are significant cities in their respect. But although being a metro city, it has much more affordable commercial real estate than Mumbai! Comparing both cities is inevitable to get a better understanding. Let's look at a couple of examples.
Let's take Nariman Point – one of Mumbai's most elite and expensive localities, for instance. The monthly office rent/lease range in such a premium location is around INR 120 – 230 per square foot.
Now, consider one of Pune's premium locations - Senapati Bapat Road. The monthly commercial space rent range is INR 80-100 per square foot!
On the other hand, if you travel west towards PCMC, renting office space in a premium and promising location like Pimpri is about INR 45-55 per square foot.
Of course, the office area, amenities, maintenance charges, etc., will have to be factored in. The rent would also vary with your chosen location and its business potential. But comparing these prices, renting a premium office space in Pune or Pimpri Chinchwad is a huge commercial saving for a startup!
Note: The above prices are approximate, average, and only for reference purposes. You should check the actual rate of the premium commercial property you choose before deciding.
2. Abundant Business Opportunities
As one of the fastest-growing cities in India, Pune brews enormous business opportunities across various domains.
Per a report, the Startup Ecosystem of Pune is within the top 100 worldwide and climbed up several spots since 2021. In addition, it ranks among top 5 in India and South Asia. It is an ideal destination for education, eCommerce, retail, IT, and transport sector startups.
So, for example, as an IT startup, you would have so many banks, bigger IT companies, consulting firms, etc., wanting to hire small firms, preferably startups, to save money and yet get better results.
Pune is a thriving city for almost every business sector. So, you would have many opportunities to establish a solid base in Pune and then think of expansion to other territories across India. A premium office space in Pune can help, as it would enhance your identity as a business and reflect your investment capabilities.
3. Operating in a Metropolitan
Along with reasonable commercial real estate and business opportunities, Pune offers the charm and exuberance of operating in a metro city. It is prestigious to have a premium office space in Pune, as Pune's startup and overall business environment are snowballing. It shows immense promise in the future.
4. A Thriving Industrial and IT Sector
We spoke about business opportunities. But Pune is particularly famous for its extensively spread industrial and blossoming IT sector.
Startups from various sectors like transportation, commercial logistics, training, software, eCommerce, raw material supplies, consulting, etc., have many business opportunities. When leveraged appropriately, your startup could be off to a great start, and you could be able to gain a solid foothold on Pune's soil.
Add to it the education sector. Referred to as the Oxford of the East, Pune's education sector isn't confined to traditional educational institutions. It has expanded to various other digital-age institutions as well. As a startup, you can create opportunities to succeed in this highly competitive yet promising city.
Your skills, business offer, and premium office space could form an impressive proposition that might help you earn the prospect's trust and business.
Give Your Startup the Location Advantage – Rent a Premium Office Space Near Pune at Kohinoor World Towers
Kohinoor World Towers (KWT) is a premium commercial hub near Pune in Pimpri Chinchwad. The massive project is a potential business destination for companies from various domains of various sizes and types, including startups.
KWT offers everything a business owner, especially a startup entrepreneur, would expect. It includes unmatched connectivity, proximity to various industrial areas and IT hubs of Pune, convenient commuting, a metro station at only 300 meters, ultra-modern amenities, and many more.
Connect at +91 20 6764 1818 to know more about the project and its prospects.