Deccan Gymkhana, a prominent commercial district in Pune, India, has long been recognized for its strategic location and vibrant business environment. This analysis delves into the current commercial property prices and rental rates in Deccan Gymkhana, providing a comprehensive comparison to aid investors and businesses in making informed decisions.
Commercial Property Prices in Deccan Gymkhana
As of 2025, the property market in Deccan Gymkhana exhibits a range of pricing, influenced by factors such as property type, size, and exact location within the area. Key observations include:
- Average Property Rates:
- The starting price of properties in Deccan Gymkhana is approximately ₹15,151 per square foot, with an average price around ₹19,296 per square foot. The most expensive properties can reach up to ₹31,052 per square foot.
- Specific Listings:
- A showroom with a carpet area of 273 square feet is listed at ₹2.10 crore, equating to approximately ₹76,923 per square foot.
- Another showroom, offering a larger carpet area of 1,227 square feet, is priced at ₹4.10 crore, translating to about ₹33,417 per square foot.
Rental Rates for Commercial Spaces
The rental market in Deccan Gymkhana is diverse, catering to various business requirements. Notable rental listings include:
- Office Spaces:
- A fully furnished office space spanning 500 square feet is available for rent at ₹36,000 per month, resulting in a rental rate of ₹72 per square foot.
- Another furnished office space measuring 2,600 square feet is listed at ₹2.7 lakh per month, equating to approximately ₹104 per square foot.
- Shops:
- A semi-furnished shop with a built-up area of 217 square feet on Fergusson College Road is available for ₹28,000 per month, translating to about ₹129 per square foot.
- An unfurnished shop spanning 540 square feet in Nehru Nagar is listed at ₹1.5 crore, equating to approximately ₹27,778 per square foot.
Comparative Cost Analysis
A comparative analysis of the available data reveals:
- Purchase vs. Rental Costs:
- Purchasing a showroom at ₹76,923 per square foot indicates a substantial initial investment. In contrast, renting office spaces ranges between ₹72 to ₹104 per square foot per month, offering flexibility without the significant upfront cost.
- Size and Pricing Correlation:
- Larger spaces tend to have a lower per square foot rental rate. For instance, the 2,600 square feet office space rents at ₹104 per square foot, whereas the 500 square feet space rents at ₹72 per square foot.
- Location Influence:
- Properties on prominent roads like Fergusson College Road command higher rental rates, reflecting the premium associated with high-visibility locations.
Conclusion
Deccan Gymkhana’s commercial real estate market presents a spectrum of options for investors and businesses. Purchasing properties entails a significant initial outlay, with prices varying based on property specifics and location. Conversely, renting offers a range of rates, influenced by factors such as size, furnishing status, and proximity to key areas. Prospective investors and tenants should conduct thorough market research and consider their long-term business objectives when deciding between purchasing and renting commercial spaces in this dynamic locality.