Avante Spaces to Develop 1.7 Mn Sq Ft Grade-A Business Park in Pune CBD

Riddhima Jain — Wed, 18 Mar 2026 11:37:01 +0000

The Kothrud project targets GCCs, IT and BFSI firms with flexible floor plates

Pune, March 18, 2026 — Avante Spaces Ltd., (A Kirloskar Group co.), has announced a large-scale Grade A commercial development in Pune’s Central Business District with a total leasable area of 1.7 million sq. ft.

The project, Avante Business Park – Kothrud, is expected to generate an annuity income of approximately ₹200 crore and is scheduled for completion by mid-2027.

Designed as a commercial campus, the development will comprise three basements, ground floor, and 20 upper floors (3B+G+20), with large floor plates ranging between 85,000 sq. ft. and 95,000 sq. ft.

The building offers flexible configurations, with floor divisions ranging from 13,000 sq. ft. to 30,000 sq. ft., catering to global capability centres (GCCs), IT firms, BFSI players and large corporates.

The project will include nearly 100,000 sq. ft. of F&B-led retail, along with workplace amenities such as training rooms, meeting spaces, a gymnasium, crèche and clinic.

Commenting on the announcement, Deepak Porayath, Chief Executive Officer, Avante Spaces Limited, said, “This project represents a significant milestone in Avante Spaces’ growth journey with strong demand from global enterprises and GCCs for large office environments in established urban centres. We see a clear opportunity to deliver institutional-grade commercial infrastructure rooted in engineering excellence and environmental responsibility. Building on the foundation laid by ‘One Avante,’ our first project in Pune, we remain committed to developing spaces that align with the Kirloskar Group’s values and long-term vision, while thoughtfully retaining extensive green cover to ensure a sustainable and balanced environment.”

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Avante Spaces to Develop 1.7 Mn Sq Ft Grade-A Business Park in Pune CBD