Page 32 - Construction_Opportunities_March_2026

CONSTRUCTION TICKER TAPE

AVANTE SPACES ANNOUNCES LANDMARK 1.7 MILLION creating a holistic workplace environment that fosters productivity
SQ. FT. GRADE A COMMERCIAL DEVELOPMENT IN PUNE and enhances employee well being.
CBD Sustainability has been embedded into this project’s design
Avante Spaces Limited, a Kirloskar Group company, today philosophy from inception. The development is IGBC Platinum
announced the development of a landmark 1.7 million sq. ft. and USGBC Platinum pre-certified and is targeting WELL
Grade A commercial project in Pune’s Central Business District, Certification, underscoring its commitment to occupant health
to be known as Avante Business Park – Kothrud. This marks a and environmental responsibility. Key features include centralized
significant step in its expansion within the institutional commercial energy-efficient HVAC systems, clean rectangular floor plates
real estate segment, reinforcing its commitment to shaping the designed using passive solar principles to minimise heat gain
future of Pune’s business landscape. The project is conceived as while optimising natural daylight penetration, superior indoor and
a large-scale commercial campus, strategically positioned to outdoor environmental quality, and extensive landscaped open
provide efficient, centrally located office infrastructure for both spaces that contribute to microclimate balance.
global and domestic enterprises. The development is expected Commenting on the announcement, Deepak Porayath, Chief
to generate an annuity income of approximately 200 crores. Executive Officer, Avante Spaces Limited, said, “This project
The project will comprise three basements, ground floor and represents a significant milestone in Avante Spaces’ growth journey
20 upper floors (3B+G+20), offering expansive and efficient with strong demand from global enterprises and GCCs for large
floor plates ranging between 85,000 sq. ft. and 95,000 sq. ft. office environments in established urban centres. We see a clear
of leasable area. The floor is divisible in quadrants varying from opportunity to deliver institutional grade commercial infrastructure
13,000 sq. ft. to 30,000 sq. ft. offering flexibility and scalability rooted in engineering excellence and
to potential occupiers. Surrounded by extensive green cover, environmental responsibility. Building on
the development provides a refreshing environment alongside the foundation laid by One Avante, our
modern infrastructure. This makes it well suited for Global Capability first project in Pune, we remain committed
Centers (GCCs), IT, BFSI, engineering and manufacturing firms, co- to developing spaces that align with the
working and flexible space operators and established corporates Kirloskar Group’s values and long term
seeking long term occupancy. This project is scheduled for vision, while thoughtfully retaining extensive
completion by the mid of 2027. green cover to ensure a sustainable and balanced environment.”
Strategically located in the heart of Pune, the Avante Business Park The project will adopt a long-term leasing strategy focused on
will provide seamless connectivity through a dedicated tunnel at institutional occupiers seeking high-quality office infrastructure
Karve Road, along with multiple arterial access points via Karve in core urban markets. The development is also expected to
Road, Canal Road, and the newly constructed DP Road, ensuring generate approximately 15,000 direct and indirect employment
convenient entry and exit. The development will integrate nearly opportunities during construction and operational phases.
100,000 sq. ft. of F&B led support retail, including a food court, With this development, Avante Spaces strengthens its presence in
along with multipurpose training rooms, shared meeting spaces, the premium commercial real estate segment and reinforces its
a gymnasium, crèche, and clinic. It will also feature landscaped strategy of building scalable, sustainability-led assets in key urban
open areas, urban forests, and an open air amphitheatre - markets.

32 CONSTRUCTION OPPORTUNITIES|MARCH 2026