Commercial Real Estate FAQ — Pune

Office rent in the West Pune corridor varies from Rs 40 to Rs 110 per sq ft per month. Baner is premium at Rs 55-110. Hinjewadi and Balewadi are mid-range at Rs 45-100. Wakad offers more economical options from Rs 40-80.

For renting: Company registration documents, GST certificate, last 6 months bank statements, board resolution (for companies), identity proof of authorised signatory. The landlord provides: Property title, OC/CC, NOC from society.

A lock-in period is a minimum tenure during which neither party can exit the lease. Typically 1-3 years in a 3-9 year commercial lease. If you exit during lock-in, you may lose the security deposit or pay penalty rent for the remaining lock-in period.

Security deposit for commercial office space in Pune is typically 3-6 months of rent. Grade-A offices with premium landlords may require 6 months. Co-working and managed offices often require only 1-2 months.

A pre-leased commercial property is one that is already rented to a tenant when you buy it. You purchase the property along with the existing lease agreement, immediately starting to receive rental income from day one.

Commercial property in Pune typically delivers 6-9% gross rental yield. Pre-leased Grade-A offices with corporate tenants yield 6-8%. Retail properties on prime streets yield 7-10%. These yields are 3-4x higher than residential property.

Rental income from commercial property is taxed as Income from House Property. You get a standard 30% deduction on net annual value, plus deduction for home loan interest. GST at 18% is applicable on commercial rent above Rs 20 lakh per year.

Best areas depend on your requirement. For IT companies: Hinjewadi IT Park and Baner offer the strongest Grade-A supply. For corporate offices: Baner is the premium standalone-building choice. For startups and budget-conscious teams: Balewadi and Wakad offer strong connectivity at lower rates.

Hinjewadi suits large IT companies wanting campus-style IT park environments with 500+ employees. Baner suits mid-size IT companies (50-500 employees) wanting premium standalone offices with better social infrastructure. Baner has higher rents but better work-life environment.

RERA (Real Estate Regulatory Authority) primarily covers residential projects. Commercial-only projects are generally exempt. However, mixed-use projects with residential component require RERA registration. Always verify project-specific compliance.

Stamp duty in Maharashtra for commercial property is 6% of property value (5% stamp duty + 1% metro cess). Registration charges are 1% of value subject to maximum Rs 30,000. Additional local body tax (LBT) may apply.

An Occupancy Certificate is issued by the municipal authority confirming the building is constructed as per approved plans and is fit for occupation. Always verify OC before purchasing. A building without OC may face demolition orders or cannot legally be occupied.