Apex Fund Service acquires 53,592 sq ft office space in Pune

15 May 2023 CW Team

A news agency reported that a US-based fund management company, Apex Fund Service LLP, has acquired more than 53,592 sq ft office space in Pune's Viman Nagar from Panchshil Realty, a property developer. The office space is located on the 7th floor of Panchshil Business Park's Tower A, and the lease period is five years with a lock-in period spanning the entire tenure.

The registration documents accessed by the news agency revealed that Apex Fund Service will pay monthly rentals of Rs 107 per sq ft for the office space, with a provision to increase rentals by 15 per cent after the first three years. The company has paid a security deposit of Rs 15 million for the transaction and will also receive access to a total of 49 car parking and 82 two-wheeler parking slots on payment of specific parking charges.

According to property consultants, the demand for commercial real estate spaces in Pune has mainly been driven by manufacturing sector companies, banks, and financial institutions. While manufacturing companies prefer West Pune or CBD localities due to proximity to the manufacturing hubs Chakan and Bhosari, financial sector companies and banks are more inclined towards East Pune, said Rounak J of Rounak Real Estate Consultants, who acted as the transaction advisor.

The news agency's email queries to Apex Fund Services and Panchshil Realty have not been answered yet. The commercial office segment, which was significantly impacted by the pandemic, has made a comeback in the last three-four quarters, supported by strong economic growth, increased hiring, and a return to the office trend.

Also Read
Indore civic body identifies housing projects delayed
Noida may allow co-developers to complete stalled projects

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..