Infosys BPM Leases 1.3 Lakh Sq Ft in Embassy Tech Zone, Pune at ₹70.4 Lakh Monthly Rent

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Infosys BPM Secures 1.3 Lakh Sq Ft in Pune’s Embassy Tech Zone for ₹70.4 Lakh Monthly Rent: Commercial Realty Momentum Continues

Signaling continued strength in Pune’s commercial real estate sector, Infosys BPM Limited, the business process management subsidiary of Infosys, has leased approximately 1.3 lakh sq ft of office space in Embassy Tech Zone, Hinjawadi. The deal, one of the key transactions in Pune’s leasing market this year, was signed at a monthly rental of ₹70.4 lakh.

According to lease registration documents accessed by Propstack, the agreement was executed with Embassy Pune Techzone Private Limited, with the lease commencing on June 4, 2024, and officially registered on December 12, 2024.

Lease Highlights: Infosys BPM – Embassy Tech Zone

- Leased Area: 1.3 lakh sq ft

- Monthly Rent: ₹70.4 lakh

- Rate Per Sq Ft: ₹55/month

- Lease Duration: 3 years

- Security Deposit: ₹6.3 crore

- Location: Embassy Tech Zone, Hinjawadi

- Leased Floors: Five floors across Wing A and B

- Landlord: Embassy Pune Techzone Pvt. Ltd.

Embassy Tech Zone: Hinjawadi’s Premier IT Hub

Embassy Tech Zone, located in Hinjawadi Phase II, is one of Pune’s most well-connected commercial parks, housing several Fortune 500 and multinational companies. Known for its Grade A office spaces, robust infrastructure, and green building certifications, the tech zone has emerged as a hotspot for large-scale corporate leasing.

Infosys BPM’s multi-floor lease strengthens Embassy Tech Zone’s positioning as a preferred destination for IT and BPM occupiers looking for scalable, well-equipped commercial setups with access to skilled talent and expressway connectivity.

Pune’s Commercial Leasing Resilience: Other Major Deals in 2024–25

Infosys BPM’s deal adds to a string of significant leasing activities that have cemented Pune’s standing as India’s top alternative to Bengaluru for tech-led commercial expansion. Below are three other major deals recorded recently:

✅ 1. CitiCorp Services – Panchshil Business Hub, Kharadi

- Leased Area: 7.7 lakh sq ft

- Developer: Panchshil Business Spaces Pvt. Ltd

- Lease Tenure: Approx. 10 years

- Total Lease Value: ₹1,096 crore

- Floors Leased: Levels 7 to 16

- Location: Panchshil Business Hub, Kharadi

This transaction ranks among the largest commercial leasing deals in Pune’s history, reflecting the city’s growing appeal for financial and professional services firms seeking long-term operations bases outside Mumbai.

✅ 2. Awfis – Nyati Enthral 2, Kharadi

- Leased Area: 2.7 lakh sq ft

- Lease Tenure: 5 years

- Annual Rent: ₹15.77 crore

- Location: Kharadi, Pune

- Floors Occupied: Spread across 17 levels

- Lease Start Date: January 1, 2025

- Registered On: December 27, 2024

Awfis’s entry into Nyati Enthral 2 signals the co-working segment’s growing strength in Pune, as demand for hybrid and flexible office solutions continues to expand post-pandemic.

✅ 3. CA Technologies (India) – Panchshil Realty Subsidiary

- Leased Area: 1.08 lakh sq ft

- Annual Rent: Over ₹12 crore

- Lease Renewal: 5-year extension

- Location: Kharadi, Pune

- Registered: November 2024

This renewal shows continued commitment by global software and IT service players to the Pune market, particularly in Kharadi, which has emerged as a parallel growth engine to Hinjawadi.

Why Pune Continues to Attract Major Commercial Tenants

The Infosys BPM lease and its contemporaries reflect a robust commercial leasing environment in Pune, driven by several key factors:

1. Talent Availability: Pune’s strong educational ecosystem feeds a steady pipeline of IT, BPM, and engineering professionals, making it a talent-rich hub for occupiers.

2. Cost Advantage: Compared to Bengaluru and Mumbai, Pune offers competitive rentals, better floor plate flexibility, and lower operational overheads.

3. Infrastructure Development: Projects like Metro Phase 1, Pune Ring Road, and widened expressways have improved intra-city accessibility, especially to commercial hubs like Hinjawadi, Baner, and Kharadi.

4. Developer Reliability: Grade A developers like Embassy Group, Panchshil Realty, Nyati Group, and Kohinoor Group continue to build future-ready office spaces backed by global compliance, smart tech, and environmental certifications.

The Bigger Picture: Commercial Supply vs Demand

While Pune’s leasing activity remains strong, industry analysts caution about excess supply risks. According to Animesh Hardia, Senior VP of Quantitative Research at 1 Finance:

> “The current office space supply in Greater Pune will take nearly four years to be absorbed at the current sales velocity. While metro rail connectivity and demand from IT/ITES firms are driving growth, oversupply in some corridors remains a concern.”

This means tenants currently have negotiation power, particularly in locations where new inventory is entering faster than it’s being absorbed.

Conclusion: Pune’s Office Market is Growing—But Smartly

The Infosys BPM lease in Embassy Tech Zone showcases confidence in Pune’s business infrastructure, real estate maturity, and long-term talent ecosystem. With a lease value exceeding ₹25 crore per year, this deal affirms Hinjawadi’s relevance as a major IT corridor, even as newer hubs like Kharadi continue to flourish.

For developers, this is a cue to balance new supply with committed pre-leases. For occupiers and investors, Pune’s blend of growth, affordability, and workforce availability makes it a top contender for India’s next commercial capital.

As we move deeper into FY25, all eyes will be on how Pune sustains this leasing momentum—especially with large IT and co-working players expanding footprints in western and eastern corridors alike.