Eaton Technologies, the Indian arm of global intelligent power management leader Eaton Corporation, has secured over 150,000 sq ft of prime office space in Pune’s Baner area through a 10-year lease. The move marks a significant investment—estimated at over ₹250 crore —and underscores India’s growing prominence as a Global Capability Center (GCC) hub
Key Deal Highlights
- Total Space Leased: 150,000+ sq ft across three floors
- Location: Aditya Shagun Infinity IT Park, Baner, Pune
- Lease Term: 10 years with a 5-year lock-in
- Estimated Deal Value: ₹250+ crore over the lease term
- Monthly Rent: ₹1.65 crore (₹110 per sq ft) with 4.5% annual escalation
- Security Deposit: ₹9.9 crore
- Additional Option: 47,000 sq ft more space in the same complex
- Parking: 150 four-wheeler & 150 two-wheeler slots
Phased Occupation Plan
- Phase 1: 120 days from July 15 lease commencement
- Phase 2: December 1, 2025
- Phase 3: January 15, 2026
- Fit-Out Rent: ₹2,400 per sq ft per month of chargeable area
- Common Area Maintenance (CAM) Charges: ₹14.75 per sq ft per month
Why Pune?
Industry experts highlight Pune’s western corridor—including Baner, Balewadi, and Hinjewadi—as one of India’s most active GCC growth zones. With strong talent availability, cost efficiency, and world-class infrastructure, Pune has become a magnet for technology, engineering, and financial services GCCs.
Over the past 18 months, the region has seen a surge in large pre-committed office deals from multinational corporations seeking to expand their operational footprint in India.
Over the past 18 months, the region has seen a surge in large pre-committed office deals from multinational corporations seeking to expand their operational footprint in India.
India’s GCC and Office Leasing Boom
India’s commercial office market achieved record absorption levels in FY2025, with 65 million sq ft leased across the top six cities—a 14% YoY growth.
Key sectors driving this demand include:
Key sectors driving this demand include:
- Global Capability Centers (GCCs)
- Banking, Financial Services & Insurance (BFSI)
- Flexible workspace operators
- IT-BPM companies
According to ICRA, this momentum is expected to continue into FY2026, with demand likely to outpace supply.
Impact on Pune’s GCC Landscape
This Eaton Technologies lease is expected to:
- Strengthen Pune’s position as a leading GCC destination in India
- Create new employment opportunities in technology and engineering
- Attract further multinational investment into the Baner IT corridor
Conclusion
Eaton Technologies’ long-term commitment to Pune highlights the strategic importance of India in the global GCC ecosystem. With robust infrastructure, abundant talent, and a favorable business environment, Pune is set to remain at the forefront of multinational office expansion.
Visit Our News section and follow us on LinkedIn and Twitter
