Hines makes its foray into Pune office market with Goel Ganga Corporation

12 Jun 2021 CW Team

International real estate firm Hines has announced a strategic entry into the Pune office market through a partnership with Goel Ganga Corporation.

Hines will plan for a 43-acre proposed IT park in Kharadi, nearly 7 million sq ft. The first phase of development will be a 2.4 million sq ft of Class A office space.

The Managing Director, and India's country head of Hines, said they share a long-term vision and believe that this project will be an ideal office for the future tenants.

The Chairman and Managing Director of Goel Ganga Corporation, Amit Goel, said that their vision is to create a benchmark in commercial, IT, ITES assets for over 20 million sq ft. They are delighted to partner with Hines to create a benchmark like the ones created in other parts of India and worldwide. They believe that a local-global partnership can be beneficial for the project, which neither can do alone successfully.

Cushman & Wakefield's Managing Director, Saurabh Shatdal, added that they are happy to make a deal where both the partners will get benefits from each other's strengths and experience to create the landmark project in Pune. The Kharadi office market is a location of choice and occupiers want a high-quality campus, which Hines can build on Goel's land.

The land is situated in the SBD East sub-market of Pune. It has more than 50% stock of Class A offices in Pune at the lowest vacancy rates in the city. The SDB East has the highest annual absorption, and it is one of the fastest-growing office markets in Pune. It is one of the preferred destinations for IT, ITES, and BFSI tenants. The project is well-connected with other major micro-markets of East Pune through Ahmednagar Highway and Kharadi Bypass Road.

Image Source

Also read: 7,400 office leases of 90 million sq ft up for renewal in top 6 cities in 2021

Also read: Office market in Delhi maintains its momentum in 2021

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..