On 12 May 2026 the medical devices company Boston Scientific completed a lease for 0.13 million (mn) square foot of office space in Pune at a monthly rent of more than Rs 8.6 million (mn). The transaction covers a block of 130,000 square foot and marks one of the larger single deals reported in the city this year. The company executed the agreement with the landlord under standard commercial terms and will take possession as per the lease schedule.

The size and quantum of rent underline growing appetite among multinational occupiers for large contiguous office blocks in Pune. The deal adds to a sequence of sizeable agreements that have kept large-format availability tight in key micro markets. Leasing activity for substantial floor plates has been concentrated in professional services and technology sectors, which continue to seek scale and proximity to talent pools in the region.

Landlords have demonstrated the ability to command premium rents for large blocks as occupiers prioritise consolidation and operational efficiency. The lease provides a benchmark for rents for similar sized space in Pune and is likely to influence forthcoming negotiations between institutional owners and prospective tenants. Investors and asset managers will monitor the flow of such transactions as indicators of yield compression and rental momentum in the city.

The transaction reinforces Pune's role as a major office destination outside the primary metropolitan centres and highlights sustained demand for high-quality space. Market participants view the deal as a sign of depth in the local commercial market and a reference point for future large-scale leasing activity. The agreement is part of a broader trend of corporates securing sizeable footprints to support regional operations and workforce requirements.