Kharadi is one of the few locations in Pune that commands unmatched demand when it comes to choosing the best location for a commercial business, and rightly so. After all, the location is blessed with an array of advantages such as proximity to IT hubs, robust social and civic infrastructure, excellent connectivity and proximity to plush neighbourhoods, to name a few. In this blog, we will take a look at what type of commercial business is in demand in Kharadi. In addition, we will also be taking a look at Zen Square – a commercial property in Kharadi Pune, and explore what type of commercial business can prosper there. Read on.
Before we take a look at the type of commercial businesses that can flourish, let us first glance at why you should own a commercial property in Kharadi Pune.
Why Invest in Kharadi?
Investing in a commercial property in Kharadi Pune offers numerous advantages:
High Returns: The consistent appreciation of property values and rental yields makes it a lucrative investment.
Diverse Opportunities: From IT parks and co-working spaces to retail and healthcare, there are diverse opportunities for investors.
Future Growth: Ongoing infrastructure projects, including the upcoming metro line, promise further growth and enhanced connectivity.
The following commercial business is looking for a commercial property in Kharadi Pune
1. Information Technology (IT) and IT-Enabled Services (ITES)
Kharadi is touted to be the IT Powerhouse and is synonymous with IT and ITES. The area is home to some of Pune’s largest IT parks, including the EON IT Park, World Trade Center, and Zensar Knowledge Park. A plethora of multinational companies, startups, and tech giants, own an office space in Kharadi, driving a significant demand for commercial property in Kharadi Pune.
So what are the key drivers behind IT and ITES choosing a commercial property in Kharadi Pune? Let us take a look.
A vast talent pool: With premier educational institutions nearby, Kharadi has access to a pool of skilled professionals.
Robust social and civic infrastructure: Modern infrastructure, reliable power supply, and robust internet connectivity make it ideal for IT businesses.
Business Ecosystem: The presence of many IT firms creates a supportive ecosystem for collaboration, networking and innovation.
2. Co-Working Spaces
Flexibility and Cost-Efficiency are two of the many reasons for the emergence of co-working spaces. In addition, the rise of the startup culture has also led to a surge in demand for co-working spaces. Entrepreneurs, freelancers, and small businesses prefer co-working spaces due to their flexibility, cost-efficiency, and networking opportunities. A commercial property in Kharadi Pune, turns out to be the best option for co-working spaces because of the following factors –
Startup Hub: Kharadi’s vibrant startup scene creates a high demand for affordable and flexible office solutions.
Corporate Clients: Even larger enterprises use co-working spaces for temporary projects or satellite offices.
Amenities: Modern co-working spaces offer a plethora of amenities, including meeting rooms, high-speed internet, and recreational areas, attracting a diverse clientele.
3. Retail and Shopping Centers
The cosmopolitan crowd of Kharadi loves shopping, and has converted Kharadi into a hub for shoppers. With the growing residential population and influx of professionals, the demand for retail spaces in Kharadi has seen a significant rise. From high-end malls to local shopping complexes, retail businesses thrive here.
Key drivers of growth of retail and shopping centers
High Footfall: The large working and residential population ensures consistent foot traffic.
Diverse Offerings: The demand ranges from supermarkets and convenience stores to luxury brands and boutique shops.
Mixed-Use Developments: Many commercial projects in Kharadi include retail spaces, ensuring integrated shopping experiences.
4. Hospitality and Food & Beverage (F&B) Industry
The hospitality and F&B sectors are booming in Kharadi. The demand for commercial property in Kharadi by the hospitality and F&B industry is driven by the demand from both professionals working in the area and residents. This includes restaurants, cafes, hotels, and serviced apartments.
Key drivers contributing to the growth of Hospitality and Food & Beverage (F&B) Industry are –
Corporate Clients: The presence of numerous IT firms ensures a steady stream of business travellers requiring accommodation and dining options.
Diverse Population: A cosmopolitan population with varied culinary preferences drives the demand for a diverse range of eateries and food joints.
Events and Conferences: Hotels and restaurants often host corporate events, meetings, and conferences, adding to their business.
5. Healthcare and Wellness
The rising population and the influx of professionals have increased the demand for healthcare and wellness facilities in Kharadi. This includes hospitals, clinics, diagnostic centers, gyms, spas, and wellness centers.
Key Drivers
Growing Population: A rising number of residents and professionals need quality healthcare services.
Corporate Wellness: Companies in the area invest in the health and well-being of their employees, driving demand for gyms and wellness centers.
Accessibility: Easy access to healthcare facilities is a crucial factor for people choosing to live and work in Kharadi.
6. Educational Institutions and Training Centers
With its growing population, Kharadi has seen a surge in educational institutions and training centers. These range from preschools and K-12 schools to professional training and certification institutes.
Key Drivers
Family-Friendly: Many professionals moving to Kharadi with families need quality educational institutions for their children.
Professional Development: The demand for skill development and professional training centers is high among the working population.
Strategic Location: Proximity to residential areas and business hubs makes it convenient for both students and professionals.
If you are looking for a commercial property in Kharadi Pune that is suitable for various businesses, you must take a look at Zen Square. This development near EON IT Park is suitable for an array of businesses and is strategically situated to offer you the best of everything.
