Avante Business Park (Kothrud): Is This Pune’s New CBD for GCCs?

The launch of Avante Business Park Kothrud signals a major shift in Pune’s commercial real estate map. For decades, the city’s office market was defined by peripheral IT parks—Hinjewadi in the west, Kharadi in the east, and Magarpatta in the south. But this new project is challenging that geography.

(Image: AI-generated for PuneTV)

Avante Business Park, developed by Avante Spaces Limited (a Kirloskar Group company), is bringing nearly 1.9 to 2 million square feet of Grade A/A+ office space to the heart of western Pune. The flagship is Infinia Tower, an under-construction 1.7 million sq ft campus, which will sit alongside the already operational One Avante (0.2 million sq ft) to form a massive, centrally located business hub.

This is not just another office building. It is a deliberate bet that Global Capability Centres (GCCs), IT firms, and BFSI companies are tired of distant IT parks and want to be close to Pune’s residential and educational heartland.

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Why Kirloskar Chose Avante Business Park Kothrud for a 1.7 Million Sq Ft Campus

The decision to build in Kothrud is highly strategic. CEO Deepak Porayath has noted that global enterprises are increasingly seeking sizable, high-quality office environments in established urban centres rather than isolated peripheral parks.

Kothrud offers a dense talent catchment. The area is surrounded by educational institutions, residential neighbourhoods, hospitals, and civic infrastructure. For employees, commuting to Kothrud is often far more practical than travelling to Hinjewadi or Kharadi. The location benefits from multiple arterial connections (Karve Road, Canal Road, DP Road) and a proposed dedicated tunnel at Karve Road for smoother access. Crucially, it sits near the existing Aqua Metro line, with an upcoming Metro Line 4A station planned near the project gates.

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The Product: Built for Institutional Occupiers

The Infinia Tower at Avante Business Park Kothrud is engineered specifically for large-scale corporate tenants. It is planned as a 3B+G+20 structure with massive floor plates of 85,000 to 95,000 sq ft, which can be divided into quadrants of roughly 13,000 to 30,000 sq ft. This flexibility is ideal for both single large GCC campuses and multi-tenant configurations.

The campus also includes nearly 100,000 sq ft of F&B-led retail, a food court, gym, crèche, clinic, training rooms, and an open-air amphitheatre. Sustainability is a core focus: the project is pre-certified for IGBC Platinum and USGBC Platinum, with WELL certification targeted.

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The Annuity Income Potential

This is not just a development play; it’s an income play. The project is projected to generate an annuity income of around ₹200 crore once stabilised.

At this scale and quality, long-term leases to creditworthy GCC and corporate tenants can deliver highly predictable cash flows. The Kirloskar Group has stated its intent to hold the asset for annuity rather than outright sale, aligning with a strategy to build a sustainable real estate platform. Lender confidence is high: the project secured a ₹1,150 crore term loan from ICICI Bank (at around 8% interest), secured against land parcels of about 7.25 acres.

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Completion Risks: The Mid-2027 Target

Public statements target completion by mid-2027 or during FY 2027-28. For a 1.7 million sq ft tower, this is an ambitious timeline.

Large commercial projects routinely face execution challenges: construction timelines, supply-chain issues for specialised materials, labour availability, and the finalisation of associated infrastructure (like the metro station and road tunnel). Any slippage in external connectivity works could affect marketing and absorption timing.

Mitigating factors: The Kirloskar Group’s engineering heritage, the already operational One Avante phase (which serves as a proof of concept and group headquarters), and committed institutional financing provide strong buffers. However, stakeholders will be watching the pre-leasing momentum closely.

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Why This Matters: Pune is now India’s Second-Largest GCC Market

Kothrud’s emergence as an office hub is not happening in a vacuum. It is directly tied to Pune’s explosive growth as a GCC destination.

Pune now hosts more than 500 GCCs (some trackers list over 560), accounting for roughly 14% of India’s GCC units and 9% of national GCC talent. These centres employ approximately 2.1–2.2 lakh professionals.

The growth trajectory is staggering:

• Over 130–135 GCCs entered or expanded in Pune since 2024.
• In 2025, GCC gross leasing in Pune hit 5.43 million sq ft—a 100% jump from 2024—making Pune India’s second-largest GCC office market after Bengaluru, overtaking Hyderabad and Chennai.

Pune’s GCC profile is uniquely diversified. Unlike pure-IT cities, Pune’s GCC leasing is dominated by Engineering & Manufacturing (41%) and BFSI (29%), with IT-BPM at 18%. Centres are handling higher-value work: embedded systems, software-defined vehicles, cybersecurity, R&D, and product engineering.

Why Kothrud works for this: Firms want talent proximity and better connectivity. Baner-Balewadi, Wakad, and now central/western locations like Kothrud are gaining traction. Large-floor-plate Grade A space in liveable urban areas is exactly what GCCs are looking for.

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The Changing Face of Commercial Pune

Pune’s office market is becoming polycentric. Metro expansion, better arterial roads, and urban improvements are enabling office growth outside traditional IT parks.

Kothrud’s traditional residential character is evolving. Large Grade A campuses like Avante raise the quality benchmark and can catalyse further commercial activity. However, local concerns about traffic and infrastructure capacity remain valid and will need proactive management as the scale increases.

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 Avante Business Park Kothrud : Bottom Line

Avante Business Park Kothrud crystallises three major trends : industrial groups professionalising their real estate platforms, GCCs preferring campus-style space in liveable urban locations, and Pune’s commercial geography becoming more distributed.

If the project delivers on time, quality, and leasing, Kothrud’s claim as an emerging office hub—and a practical “new CBD” alternative for many GCCs—will look considerably stronger by the late 2020s. The 2027 completion date is tight, but the Kirloskar pedigree and the sheer scale of demand make it a project worth watching.

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