For institutional fund strategies, Hinjawadi (Rajiv Gandhi Infotech Park) carries the strongest investor flag in Pune, with prime yields around 7.4%.

  • Trophy submarket (Hinjawadi (Rajiv Gandhi Infotech Park)) carries the strongest investor flag.
  • Prime yield: 7.4%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Pune office fund strategy and flag

For institutional fund strategies, Hinjawadi (Rajiv Gandhi Infotech Park) carries the strongest investor flag in Pune, with prime yields around 7.4%.

TL;DR

  • Trophy submarket (Hinjawadi (Rajiv Gandhi Infotech Park)) carries the strongest investor flag.
  • Prime yield: 7.4%.
  • Core funds buy income; value-add buys repositioning of secondary stock.
  • Cap-rate spread between trophy and secondary has widened post-2022.

Where core funds buy

Core capital concentrates in trophy stock with long-WAULT income. In Pune, that's Hinjawadi (Rajiv Gandhi Infotech Park) and assets like Embassy TechZone, EON IT Park.

Where value-add looks

Value-add capital looks at secondary Class A and convertible Class B with repositioning angle. The trophy/secondary cap-rate spread has widened post-2022, which has reopened the value-add basis for repositioning plays.

Key facts

cityPune
countryIndia
regionAPAC
classARentLocal1080 INR/sqft/yr
classARentUsd$156/sqft/yr
vacancy11.4%
typicalLeaseYears9
typicalRentFreeMonths6
submarkets5
primeYieldPct7.4%
primeYield7.4%
trophyAnchorHinjawadi (Rajiv Gandhi Infotech Park)

Frequently asked questions

Where do core funds buy in Pune?
Trophy submarket — Hinjawadi (Rajiv Gandhi Infotech Park) — and the most defensible long-WAULT assets within it.

Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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