Commerzone Yerawada
Total Leasable Area
1.7 msf
Committed Occupancy
97.6 %
Total Tenants
22
Completed Buildings
7
As on 31st March, 2024
Energizing Environments for Work-Life Harmony
Thoughtfully crafted to enhance wellness, collaboration, and idea exchange, this integrated business park is an ideal environment for global businesses and their teams to flourish. Promoting a harmonious work-life balance, the park includes amenities such as landscaped gardens, food courts and ATMs. Situated in the eastern part of Pune, 6km from the airport and near the city's railway and upcoming metro stations, Commerzone Yerawada offers convenience and accessibility.
Mindspace REIT through its 100% owned Asset SPV, MBPPL, signed termsheet for acquisition of additional units at Commerzone Yerawada to consolidate its holdings in the area. Covering c.42 ksf, this acquisition will expand the REIT's total leasable area within the business park. Notably, 50% of the space acquired is already leased to an MNC. This strategic investment underscores Mindspace REIT's commitment to strengthen its majority position in some of its parks and consolidate ownership through acquisitions whenever opportunities arise.
Key Accolades and Highlights:
- Awarded 'Sword of Honour' and Five Star Rating from the British Safety Council in FY23
- 'Best Commercial Business Park' by Realty Plus Conclave and Excellence Award 2018
- ISO 45001 Certification
- Received OHSAS 45001 Certification
Total Leasable Area
1.7msf
Completed
Year of Operations
2005
Land Area
25.7 acres
Committed Occupancy
97.6%
Market Value
INR 18 Bn
As on 31st March, 2024
Top Tenants
Schlumberger
Nvidia
UBS
TCS
BNY Mellon
Cencora
DST Worldwide
Workday
Eduspark
KPMG
(On the basis of % of Gross Rentals)
Location Highlights
Well connected by road and public transport
- Located adjacent to the Central Business District
- Easy access to dominant commercial and residential areas in Pune
- Presence of good social, physical infrastructure and robust connectivity
- Proximity to the International Airport
Address
Commerzone Yerawada, Samrat Ashok Path, Commerzone IT Park,
Yerawada, Pune, Maharashtra 411006.