Pimpri Chinchwad is a well-known commercial city situated in the northwest of Pune. The area covers about 181 (sq mi). Pimpri is another hot city in Maharashtra surrounded by IT, automotive, and other commercial hubs. Variant spaces are available in the city waiting to get occupied. Through this blog, FloorTap provides you with the data of verified demand and supply listings.
Pimpri Chinchwad is renowned for its industrial and manufacturing prowess, housing numerous industrial zones and business parks. This makes it an attractive destination for businesses looking for well-equipped commercial spaces in an established industrial hub.
Connectivity
Pimpri Chinchwad enjoys excellent connectivity through major highways and public transportation networks. This ease of connectivity is crucial for the smooth functioning of businesses, facilitating the movement of goods, services, and personnel.
Widely all investors and residents look for spaces with excellent connectivity and social infrastructure. Pimpri has Pune International Airport as the major air transport medium which is just 19km from the city. Pune airport is the 2nd busiest airport in Maharashtra and the 13th in India. The city has long roads of 633 km connecting various highway routes (NH48, NH60) to other cities. The Mumbai-Pune highway is the first 6-lane road in the state 94.5 km long. Pimpri also has access to 5 metro stations including Pimpri, Chinchwad, Akurdi, Kasarwadi, and Dappdi. Furthermore, the area has access to great social infrastructure including 136 public schools, 208 private schools, 75 colleges, the National AIDS Research Institute, etc.
The close proximity to Pune, one of India’s major metropolitan cities, adds to the appeal of Pimpri Chinchwad. This strategic location provides businesses with access to a larger market, skilled workforce, and urban amenities.
Let’s also have a look on the data of last 12 months
➢ Total Stock – 1.92 (in MSF)
➢ Lease (last 12 months) – 0.4 (in MSF)
➢ Sale (last 12 months) – 0.58 (in MSF)
According to FloorTap data, Pimpri Chinchwad has an estimated area of 0.61 (MSF) in the upcoming year.
Top tenants in Pimpri Chinchwad
The area is witnessing a surge in IT and tech parks, attracting companies in the technology sector. The integration of modern technology-driven spaces makes Pimpri Chinchwad an ideal choice for businesses seeking a contemporary and innovation-friendly environment
Overall, there are some of the key reasons why investors look at Pimpri as a hotspot city. The main reason behind this trauma is its amazing road connectivity to all vibrant neighborhoods and great social as well as physical infrastructures. Having top companies in its surroundings is also an added advantage of this locality. Here’s a list of #5 reputed tenants having their own spaces in Pimpri.
- Syntel
- Atos India
- State Street Syntel Services
- Philips
- Star Bazaar
You can also look at the average rental rate of these buildings to find a better conclusion.
| Tenants | Average Rental (Chargeable in INR/ sq ft) |
| Syntel | 110 |
| Atos India | 122 |
| State Street Syntel Services | 117 |
| Philips | 63 |
| Star Bazaar | 48 |
Price Trends in Pimpri Chinchwad
Once a city gets covered by all necessary modes of transportation, infrastructure, and educational opportunities, it stands out as the best choice amongst investors looking for long-term projects. Similarly, Pimpri Chinchwad also has been occupied by #3 expensive buildings.
- Talawade MIDC IT Park
Average Rental – 113 (INR/ sq ft)
- B Zone (Pimpri Chinchwad Pune)
Average Rental – 90 (INR/ sq ft)
- Gera’s Imperium Oasis
Average Rental – 67 (INR/ sq ft)
Other than this, the city is also a hub of top brand companies working in Maharashtra. Let’s take a look at the top companies having their own spaces in Pimpri Chinchwad. Look at Commercial office projects in pimpri chinchwad
- Latest Office Lease Transaction
| Date | Brand Name | Building | Rental (Chargeable in INR/ sq ft) |
| Aug-23 | Indivinity Clothing Retail | Kohinoor World Towers | 165 |
- Latest Office Sale Transaction
| Date | Brand Name | Building | Capital Value (Chargeable in INR/ sq ft) |
| May-23 | STT Global Data Centres India | STT Global Data Centres India | 3,500 |
Why Do We Recommend Pimpri Chinchwad for Your Next Office space?
The continuous growth and development in Pimpri Chinchwad offer investors the potential for long-term growth and appreciation of commercial properties. The area’s dynamic business landscape makes it an attractive choice for those seeking strategic commercial investments.
Pimpri Chinchwad is the best choice for buyers looking for spaces having all the necessities and top-notch amenities. FloorTap provides you with the data analytics intelligence of some highly recommended spaces in Wakad including Kohli Tower, The Work Club, Kohinoor Grandeur, DSU, Biz Commercial Complex, and many more. After reading this blog, you might flourish with all the information you have been looking for to choose a space in a high-tech city like Pimpri Chinchwad. FloorTap is a trusted marketplace for getting demand and supply listings of spaces in hotspot locations like Pimpri Chinchwad.
