Boston Scientific has leased more than 130,000 square feet of office space in Pune through a long-term agreement to establish its Global Capability Centre (GCC).
According to property documents accessed through Propstack, Boston Scientific Technology and Engineering Services has leased 130,682 sq. ft. across the sixth and seventh floors of Eon West LP II, Tower D, located in Wakad.
Long-Term Lease Signed for 9.5 Years
The office premises have been leased from Wakad Realty Pvt Ltd under a fresh agreement that commenced on April 1.
The lease has been signed for a tenure of approximately 9.5 years at a monthly rental of around Rs 86.58 lakh, with a rental rate of Rs 66.25 per sq. ft. per month.
The agreement also includes:
- A 15% rental escalation every three years
- A security deposit of approximately Rs 3.90 crore
- A hard option to lease the eighth floor until March 2027, indicating potential expansion plans
Pune Continues to Attract GCC Investments
The article noted that Pune has continued to witness strong leasing activity from Global Capability Centres, engineering firms, and technology companies.
Industry demand has been supported by:
- comparatively lower occupancy costs
- availability of large-format office developments
- growing engineering and technology talent ecosystem
Micro-markets such as Wakad, Hinjewadi, and Baner remain preferred locations for companies establishing back-office, research, and engineering operations.
GCCs Driving India’s Office Market Growth
According to the report, GCCs have emerged as one of the biggest demand drivers in India’s office property market over recent years.
Multinational companies are expanding:
- engineering operations
- research capabilities
- technology functions
- global support services
The article also highlighted that demand is increasingly shifting toward high-quality campus-style office developments that provide scalability and long-term expansion flexibility.
Industry Outlook
Industry experts expect GCC-led office absorption to remain a key growth driver in 2026, especially in cities offering:
- strong talent availability
- infrastructure advantages
- competitive rental costs compared to larger gateway markets
Boston Scientific joins a growing list of multinational healthcare and technology companies expanding their India office footprint to support global operations and engineering functions.
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