Insights Main Banner

banner

    Asset Publisher

    Media Releases

    ET Edge Insights​

    Updated - June 23, 2026​

    The future-ready GCC workspace: Orchestrating global innovation ecosystems​

    View Article

    Business Standard​

    Updated - May 24, 2026

    Kirloskar Group sharpens real estate focus with broader asset class plans​

    View Article

    Commercial Design​

    Updated - March 18, 2026​

    Avante Spaces unveils 1.7 mn sq ft business park in Pune CBD​

    View Article

    The Hindu Business line​

    Updated - March 17, 2026

    Avante spaces to develop 1.7 million sq ft commercial business park in Pune​

    View Article

    The Hindu Business Line​

    Updated - January 20, 2026

    Avante Spaces’ project receives IGBC Platinum certification​

    View Article

    Blogs

    Stay updated with expert perspectives on commercial real estate trends, workspace innovation, sustainability practices, and market developments. Our blogs are curated to provide practical insights and relevant knowledge for modern businesses.

    Asset Publisher

    FM Globalnet award for excellence in Facility Management

    Heading
    Date Text
    26/09/2025
    Image
    Title
    FM Globalnet award for excellence in Facility Management
    Description
    Date and Time
    Media Release Details
    Button Label
    Link
    Category

    Asset Publisher

    Awards

    iNFHRA Diamond award for excellence in Water management
    16/05/2025
    iNFHRA Recognition award for excellence in Energy management
    16/05/2025
    iNFHRA Silver award in excellence in Safety and Security Management
    14/11/2025
    FM Globalnet award for excellence in Facility Management
    26/09/2025
    Procon Media award for excellence and leadership in Admin and Facility Management
    08/08/2025

    Frequently Asked Questions

    Asset Publisher

    1. About Avante Spaces
    Who is Avante Spaces?

    Avante Spaces, by combining a 135-year engineering legacy with sustainable design and smart infrastructure, delivers integrated business ecosystems.

    As a real estate development company it focuses on delivering thoughtfully designed commercial and residential spaces with a strong commitment to quality construction, contemporary design and long-term value creation.

    Where does Avante Spaces operate?

    Avante Spaces operates primarily in Pune as of now. Project specific location details are available on respective project pages.

    What type of projects does Avante Spaces develop?

    Avante Spaces (a Kirloskar Group company) is in the business of developing commercial, residential, mixed use/integrated townships and other real estate asset classes. The company currently offers its flagship commercial development in Pune called Avante Business Park, located in the Off-CBD market of Kothrud (on Karve Road).

    This massive, integrated commercial campus spans approximately 1.9 million sq. ft. and consists of two primary Grade-A developments: One Avante (fully operational) and Infinia (under construction).

    How does Pune support Global Capability Centres (GCCs)?

    Pune is widely known as the "Oxford of the East" due to its long-standing reputation as one of India's premier hubs for higher education and academic research. It provides skilled talent pool, cost advantages, and modern infrastructure, making it one of the fastest-growing GCC hubs in India.

    2. About The Project
    How can I get details about a specific project?

    You may visit the Projects section of the website to explore brochures, layouts, specifications and amenities. You may also submit an enquiry form, and our sales/leasing team will get in touch.

    Are large office floor plates available in Pune for GCCs or enterprises?

    Yes, Pune offers large, efficient office floor plates in premium developments, which are ideal for GCCs, IT companies, and enterprises looking to scale operations. Avante Business Park offers Large, highly flexible 85k–95k sq. ft. plates (divisible into 13k–30k sq. ft. quadrants), ideal for consolidation and workflow efficiency.

    Are the project images and visuals actual photographs?

    Images, artistic impressions and walkthroughs displayed on the website are for illustrative purposes only. Final specifications may vary as per approved plans.

    How can I lease with Avante Spaces?

    For bespoke solutions tailored to your needs, please contact our leasing team via the enquiry form or email us at marketing@avantespaces.com. A member of our team will connect with you.

    What amenities does Avante Business Park offer?

    Avante Business Park is a Grade A+ development located in the CBD of Pune with excellent connectivity and accessibility. It includes landscaped plazas, fitness centre, day care, indoor sports amenities and an urban forest environment, namely:

    The Boulevard: A high street destination curated for premium F&B led retail.

    The Woods: A 1.5 acre landscape that seamlessly blends heritage greenery with a contemporary work environment.

    Munch: A 58,000 sq. ft. social hub at the heart of the campus offering a diverse dining experience.

    Who is the ideal partner or tenant for Avante Spaces?

    We welcome enquiries from Global Capability Centres (GCCs), IT/ITES firms, BFSI institutions, Engineering and Manufacturing firms and Flexible Space Operators. We are also looking at ecosystem enablers including F&B and Retail Operators, Food Court aggregators etc. Simply submit your request for a consultation or site visit via our contact form, and our dedicated team will reach out to coordinate the details.

    3. Market Insights & Practices
    What makes Avante Business Park a preferred commercial project in Pune?

    Backed by the 135+ year Kirloskar legacy, Avante Business Park solves a major pain point for global enterprises by delivering massive, Grade-A commercial infrastructure right in the heart of Kothrud, Pune, rather than far-flung suburbs.

    This integrated ecosystem features:

    • Seamless Accessibility: Designed for superior accessibility, Avante Business Park is located 0 KM from the upcoming Karve Putla Metro Station and ~1 KM from the existing NAL Stop Metro Station. The project features a dedicated tunnel at Karve Road that provides direct access to parking.

    • Platinum Rated Sustainability: Built to the highest standards of environmental stewardship, the project is pre-certified USGBC & IGBC Platinum, targeting additional WELL certifications.

    • The Woods: A unique, biophilic urban forest designed to elevate employee well-being, climate comfort, and collaboration.

    Is Kothrud a preferred destination for Office Spaces in Pune?

    Kothrud is transitioning from a premium residential hub into Pune’s next big commercial destination. Home to 7% of the city's population and its densest tech talent pool (including 15,000+ annual STEM graduates), it has long been underserved, holding less than 2% of Pune’s Grade A office stock. This massive supply gap is driving a major enterprise shift, with companies increasingly targeting Kothrud for consolidated, campus-style setups.

    What are the prevailing practices on stamp duty and registration in Pune for leasing?

    In Pune (under the PMC and PCMC limits), commercial lease agreements are heavily regulated by the Maharashtra Stamp Act and the Registration Act, 1908. 

    For Leave & licence agreements - not exceeding 60 months: Applicable for both residential & commercial properties 

    • Stamp Duty: 0.25% of the total consideration (total rent for the lease period + 10% of the non-refundable security deposit amount or entire deposit amount if the same is non-refundable). – Leave and licence per year  

    • Registration Fee: Rs. 1000/-  

    For Leave & licence agreements - exceeding 60 months: Same duty as is leviable on lease. 

    Market Practice: The Licensee (tenant) almost always pays 100% of these costs. 

    For Lease Deed / Lease Agreements: 

    Under Article 36 of the Maharashtra Stamp Act, stamp duty on commercial leases increases based on the duration (tenure) of the lease. 

    Lease Duration  Stamp Duty Rate  Registration Fee (Pune / PMC / PCMC Limits) 
    Up to 5 Years (Most common)  5%* Stamp duty to be calculated on 10% of the market value of the property.  1% of the Consideration Value, capped at a maximum of ₹30,000. 
    Above 5 Years & up to 10 Years 

    5%* Stamp duty to be calculated on 25% of the market value of the property. 

    1% of the Consideration Value, capped at a maximum of ₹30,000. 
    Above 10 Years & up to 29 Years 

    5%* Stamp duty to be calculated on 50% of the market value of the property. 

    1% of the Consideration Value, capped at a maximum of ₹30,000. 
    30 Years or More (Perpetual leases) 

    5%* Stamp duty to be calculated on 90% of the market value of the property  

    (Reckoner asset value, whichever is higher) 

    1% of the property value, capped at a maximum of ₹30,000. 

    Estimated stamp duty of 5% is based on prevailing FY 2026-27 government rates. Final payable amount is subject to change in the event of any statutory rate variations by the government. 

    Key Rule: In Maharashtra, registration is mandatory for all residential rentals, even for the standard 11-month tenure. It is almost entirely executed online via biometric e-registration. 

    Outright sale – Stamp duty 5% (+ 2% other charges) 

    What should one look for while choosing a reliable real estate developer?

    When partnering with a commercial real estate developer in Pune, institutional occupiers prioritise proven execution track record, world-class asset quality, financial transparency, deep-rooted corporate governance, and a legacy of market trust. 

    4. Partnership & Support
    How can I contact Avante?

    You may reach us by completing our online enquiry form or sending an email at marketing@avantespaces.com for prompt assistance. 

    Does Avante offer career opportunities?

    Yes, career opportunities are listed under the Careers section. You may submit your CV for relevant openings at careers@avantespaces.com  

    How can vendors or consultants collaborate with Avante?

    Vendors and consultants may reach out through the Contact section or respond to official procurement communications issued by the Company.