Prestige Group's next address in Pune's most active commercial corridor
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Prestige Kharadi is the Prestige Group's upcoming commercial development on a 4.57-acre land parcel in Kharadi, Pune — a site acquired by Prestige Exora Business Parks, a subsidiary of Bengaluru-based Prestige Estates Projects Ltd, for approximately Rs. 200 crore in April 2024. The acquisition represents one of the most significant commercial land transactions in East Pune's recent history, and it places a developer with a four-decade national track record at the centre of the city's most productive IT corridor.
The project is conceived as a modern, flexible workspace campus designed around the operational requirements of companies ranging from early-stage technology firms to large multinational corporations. The site's 4.57 acres allow for a commercial floor-plate design capable of accommodating large tenants, supported by advanced HVAC systems, high-speed vertical transport, robust security infrastructure, and ample basement parking — features that characterise Prestige Group's grade-A commercial portfolio across Bengaluru, Mumbai, and Hyderabad.
Prestige Group brings to Kharadi the same design discipline that produced Prestige AlphaTech on Mundhwa-Kharadi Road — a LEED Platinum-targeted commercial tower that drew institutional tenants including BNY Mellon — and the group's broader commercial portfolio of 125 completed commercial projects covering over 49 million square feet across India. The architecture prioritises natural light, efficient floor plates, and building-level sustainability, including energy-efficient glazing and systems designed to reduce operating costs for occupiers.
Kharadi's commercial fundamentals are among the strongest in Pune. Property values have appreciated approximately 8 to 12 percent annually, and the locality consistently records some of the city's highest commercial rents, driven by the presence of global technology and financial services firms. Prestige's entry at scale — through a Rs. 200 crore land commitment — signals a conviction that this corridor has sustained growth ahead, reinforced by infrastructure investments including the approved Pune Metro Phase 2 Line 5 routing through Kharadi and the integrated flyover over the Mula-Mutha river near Hadapsar, expected by late 2026.
For businesses seeking a credible, future-ready address in Pune's most connected eastern district, Prestige Kharadi represents a rare opportunity to occupy a campus built by India's only CRISIL DA1+-rated developer. Registering interest now ensures priority access to configurations, floor-plate choices, and pricing as the project moves toward its formal launch.
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Detailed master plan and unit-wise floor plans available on request.
Kharadi, Pune, Maharashtra 411014 · Kharadi · Pune
Kharadi occupies the eastern arc of Pune's urban grid, anchored along Nagar Road and bounded by Viman Nagar, Kalyani Nagar, and Hadapsar. The neighbourhood's transformation from a peripheral suburb into one of the city's most active commercial districts has been driven by two decades of sustained IT investment, culminating in a cluster of grade-A office parks that together house several Fortune 500 operations. Pune International Airport sits approximately 7 kilometres away, making Kharadi one of the few office markets in India where a walking commute to work and a short drive to an international airport coexist.
The specific address that Prestige Kharadi occupies benefits from the immediate proximity of EON IT Park, the 6.5-million-square-foot MIDC Knowledge Park SEZ, and the World Trade Center Pune — India's fourth operational WTC, a 1.6-million-square-foot integrated business park at the heart of the eastern IT corridor. Nagar Road provides a direct and wide arterial link to Pune Station and onward to the Ahmednagar highway, while the planned Pune Metro Phase 2 Line 5 is approved to pass through Kharadi, adding a future rail dimension to an already well-connected address.
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The Maharashtra government approved the 25.5-km Line 5 connecting Khadakwasla to Kharadi via Hadapsar with 22 elevated stations. Construction is expected to begin no earlier than 2026, adding a mass transit spine to an address that currently relies solely on road access.
PMC and MahaMetro are jointly constructing an integrated road-and-metro flyover structure near Hadapsar, targeted for completion by late 2026. The structure directly addresses the cross-river bottleneck between Hadapsar and Kharadi, easing the daily movement of tens of thousands of employees.
The Maharashtra State Road Development Corporation's ring road project will create a continuous orbital corridor around Pune, reducing freight and through traffic from the city's internal roads. The alignment connects all major IT corridors including Kharadi, significantly improving last-mile logistics for commercial campuses.
The existing Pune Metro Aqua Line is being extended eastward from Ramwadi toward Wagholi, an alignment that runs along the Kharadi corridor. This extension brings metro infrastructure closer to the eastern IT belt, connecting it to the existing network at Ramwadi station.
Early construction has begun on the Pune–Shirur elevated road, which will strengthen arterial connectivity through Nagar Road and the Kharadi belt. Combined with road-widening and bridge upgrades in the Kharadi–Mundhwa zone, these works form part of Pune's most intensive single-year infrastructure delivery programme.
The land parcel, acquired for Rs. 200 crore in April 2024, occupies a strategically central position in Kharadi within walking distance of EON IT Park and the World Trade Center Pune. Few sites of this scale remain available in a micro-market that has absorbed consistent demand from global technology and financial services firms over two decades.
Prestige Estates Projects Ltd holds CRISIL's DA1+ developer grade, the highest achievable and the only such rating held by any real estate company in India. For commercial occupiers and investors, this rating signals verified execution capability, financial transparency, and documented on-time delivery — criteria that matter especially in a pre-launch commitment.
The project is developed by Prestige Exora Business Parks, the commercial subsidiary of Prestige Group, which also delivered Prestige AlphaTech on Mundhwa-Kharadi Road — a LEED Platinum-targeted campus that attracted institutional tenants and demonstrated the group's ability to execute grade-A commercial development in this exact sub-market.
Kharadi hosts EON IT Park, the 6.5-million-square-foot MIDC Knowledge Park SEZ, the World Trade Center Pune, and over a dozen technology company offices including Wipro, Synechron, and Eaton. No other Pune locality concentrates this density of grade-A employment within a comparable radius, creating a large, captive occupier pool.
Three intersecting infrastructure projects — the approved Metro Line 5 routing through Kharadi, the integrated Mula-Mutha flyover targeting late 2026, and MSRDC's ring road orbital — are all converging on or adjacent to this address. Each adds a layer of connectivity that directly elevates the commercial value of any campus in this corridor.
Kharadi property values have appreciated at 8 to 12 percent annually, driven by limited new supply from national developers and persistent demand from companies expanding their Pune footprints. Prestige Kharadi is one of the few upcoming commercial projects in this corridor carrying the brand credibility, financial backing, and scale to address that supply constraint.
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