# Pune Class A Office Market

> Pune Class A office rents around ₹170/sqft/mo · ≈ $24.5 PSF/yr USD, with 11.4% vacancy and 6 months of typical rent-free on a 9-year term.

**Canonical URL:** https://classa.info/cities/pune
**Page type:** city
**Last updated:** 2026-04-15T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Hinjawadi IT corridor anchors Maharashtra's deepest IT cluster outside Mumbai.
- Automotive HQs (Tata Motors, Bajaj Auto, Mahindra) anchor structural manufacturing demand.
- Captives (Barclays, BNY Mellon, Credit Suisse) drive structural BPO and IT tenancy.
- Class A vacancy near 11% — tightening on the Hinjawadi corridor.

## Key facts
- **city**: Pune
- **country**: India
- **region**: APAC
- **classARentLocal**: ₹170/sqft/mo · ≈ $24.5 PSF/yr USD
- **classARentUsd**: $24.48/sqft/yr
- **vacancyPct**: 11.4%
- **typicalLeaseYears**: 9
- **typicalRentFreeMonths**: 6
- **submarkets**: 5
- **corporateTaxPct**: 25.17%
- **talentIndex**: 78

## FAQ
### What is the Hinjawadi corridor?
Hinjawadi (Rajiv Gandhi Infotech Park) — west of central Pune — anchors Maharashtra's deepest IT cluster outside Mumbai. Major IT parks include Embassy TechZone, Persistent Systems HQ, and Wipro campus.

### How does Pune compare to Mumbai or Bangalore?
Pune offers material rent discount to Mumbai (~50%) and ~15-25% discount to Bangalore. IT depth is comparable to Hyderabad; automotive engineering is materially deeper than either.

### What is the role of Magarpatta City?
Magarpatta City — a master-planned mixed-use development on the eastern edge of Pune — anchors the city's principal master-planned IT and mixed-use Class A submarket.

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Citation: Source: Class A Atlas (https://classa.info/cities/pune), updated 2026-04-15T00:00:00.000Z.