?12 Crore Annual Lease: US-based CA Technologies Renews 1.08 Lakh Sq Ft Office in Pune
Pune, known as one of India’s top IT hubs, continues to attract major global companies. Recently, CA Technologies, a US-based software solutions provider, renewed its lease for a sprawling office in Kharadi, Pune’s bustling IT corridor.
The Office at Eon Free Zone
The office space is located in the prestigious Eon Free Zone, one of Pune’s Grade A commercial complexes. Spread over 1.08 lakh square feet across three floors, the office is part of Kharadi’s vibrant tech ecosystem, which is home to several multinational corporations and startups.
The Deal in Numbers
CA Technologies has signed the lease for five years, with a three-year lock-in period. The company will pay:
The company has also paid:
Future Rent Hikes
The rent will rise steadily each year:
Pune’s Appeal to Global Companies
According to real estate expert Abhishek Kiran Gupta, Pune continues to shine as a top choice for office spaces due to several factors:
Kharadi, in particular, has emerged as a favorite, thanks to its excellent infrastructure and connectivity.
A Snapshot of the Past
Before this new deal, CA Technologies was leasing a larger space of 1.83 lakh square feet in the same area, paying ?2.05 crore per month between 2022 and 2024.
Pune as a Growth Magnet
This lease renewal highlights how Pune’s booming IT sector and excellent office spaces continue to attract global giants. With every new deal, the city solidifies its reputation as a preferred destination for innovation and business expansion.