Kharadi Leads Pune’s Commercial Real Estate Boom with 8 Million Sq. Ft. of Leasing in 2024

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Kharadi Leads Pune’s Commercial Real Estate Boom with 8 Million Sq. Ft. of Leasing in 2024

Pune's commercial real estate (CRE) market has hit a major milestone in 2024, with Knight Frank reporting a 19% year-on-year surge in leasing volumes, reaching 8 million square feet. Leading this upward trend is Kharadi, a rapidly evolving business district that has solidified its reputation as the city’s most sought-after commercial hotspot.

Once considered an emerging suburb, Kharadi is now a magnet for global enterprises, driven by excellent connectivity, a robust residential ecosystem, and a flourishing tech and startup scene. From Fortune 500 firms to agile enterprises, companies are actively securing space in this booming market.

Kharadi: Pune’s Premier Commercial Hub

Kharadi’s ascent as a business nucleus is backed by strategic planning, urban development, and investment in infrastructure. Its seamless access to Pune Airport, major highways, and central city locations has made it a compelling destination for corporates and startups alike.

In 2024, top-tier organizations like Citicorp, BNY Mellon, Hines, Amazon, Deloitte, and others inked major leasing deals here. As per industry estimates, the area is expected to require over 20 million sq. ft. of office space in the near future to accommodate approximately 500,000 professionals.

Role of SQUAREA in Shaping Kharadi’s CRE Trajectory

Amid Kharadi’s meteoric rise, SQUAREA has emerged as a vital strategic advisor connecting institutional investors, corporates, and HNIs with high-yield, size-appropriate Grade-A assets.

Leveraging deep market intelligence, an expansive network, and a client-first approach, SQUAREA has facilitated several landmark transactions. Their recent collaboration with Omicron Group for Omicron Business Landmarks Kharadi NX underlines their focus on premium, future-ready developments.

Omicron Business Landmarks Kharadi NX: Redefining Workspaces

The Omicron Business Landmarks Kharadi NX project is a 26-storey Grade-A commercial tower offering 360,000 sq. ft. of built-up space. Designed for contemporary enterprises, the project features scalable offices from 899 sq. ft. to full floor plates of 12,400 sq. ft.

Its modern glass facade not only reflects architectural elegance but also offers panoramic 360-degree views of the cityscape and adjacent riverside. The tower is Vastu-compliant and pre-certified by IGBC, emphasising sustainability and environmental consciousness.

Premium Amenities for Today’s Enterprises

The project offers:

Nine high-speed elevators for seamless vertical mobility

Nine levels of parking, ensuring ample space for employees and visitors

Advanced security systems and 24/7 surveillance

Rooftop amenity zone with a cafeteria and fitness area

Dedicated business lounge, training zones, and conference rooms

These features make Kharadi NX ideal for firms seeking a sophisticated work environment that enhances employee productivity and corporate branding.

Omicron Group: Proven Excellence in Commercial Construction

With over 30 years of industry experience, Omicron Group is known for ethical business practices, quality construction, and timely delivery. The firm has built a reputation on balancing international-grade commercial developments with practical Indian real estate sensibilities.

Their collaboration with SQUAREA ensures that the project is marketed and positioned to reach the right audience—from large enterprises to high-net-worth individuals and investment funds.

Why Kharadi Is Pune’s CRE Sweet Spot

Several factors make Kharadi stand out:

1. Strategic Location: Proximity to IT corridors, Pune Airport, and the city’s CBD

2. Infrastructure: Well-developed roads, premium residential projects, and social amenities

3. Tenant Mix: Home to global IT firms, finance companies, consulting firms, and co-working spaces

4. Sustainability: Emphasis on green buildings, smart offices, and well-planned layouts

These factors combined have created a self-sustaining commercial micro-market that continues to attract both global and domestic occupiers.

MahaRERA Compliance and Investment Confidence

Omicron Business Landmarks Kharadi NX is registered under MahaRERA (No.: P52100053519), reinforcing investor confidence through regulatory compliance and transparency. Interested stakeholders can access full details via the MahaRERA official portal.

The Future of Work in Pune

As India’s work culture evolves post-pandemic, cities like Pune are seeing a shift in office space preferences. Employees want hybrid-ready, well-located workspaces that support productivity, wellness, and collaboration.

Projects like Kharadi NX reflect these evolving priorities. With rooftop leisure zones, flexible floor plans, and an environment that inspires innovation, the tower is well-positioned to meet future workplace expectations.

Conclusion

Kharadi’s transformation from a peripheral suburb to a commercial powerhouse is nothing short of remarkable. With 8 million sq. ft. of leasing in 2024 alone, the area is leading Pune’s CRE growth story.

SQUAREA’s partnership with Omicron Group on Kharadi NX offers a timely opportunity for investors, enterprises, and stakeholders looking to be part of Pune’s growth trajectory. Combining smart design, future-ready infrastructure, and strategic location, the project exemplifies what tomorrow’s commercial real estate in India should look like.

For businesses eyeing long-term value and for investors seeking sustainable returns, Kharadi NX stands out as a landmark opportunity in one of India’s fastest growing commercial corridors.