MUMBAI: Global medical technology major Boston Scientific has picked up over 1.3 lakh sq ft of office space in Pune through a long-term lease spanning over nearly 9.5 years to set up its global capability centre (GCC), adding to the steady demand from multinational firms for large office campuses in key technology hubs.
Boston Scientific Technology and Engineering Services has leased 130,682 sq ft across the sixth and seventh floors of Eon West LP II, Tower D, located at Wakad in Pune.
The lease agreement also grants the company a hard option to lease the eighth floor of the building until March 2027, indicating potential expansion plans at the facility.
The office premises have been leased from Wakad Realty Pvt Ltd under a fresh lease agreement that commenced on April 1, showed documents accessed through Propstack, a realty data analytics platform.
The company will pay a monthly rental of around Rs 86.58 lakh at a rental rate of Rs 66.25 per sq ft per month. The agreement has been signed for a tenure of 9.5 years and includes a rental escalation clause of 15% every three years. As part of the transaction, Boston Scientific has deposited a security amount of around Rs 3.90 crore.
ET’s email query to Boston Scientific remained unanswered until the time of going to press.
Pune has continued to witness strong leasing activity from global capability centres, engineering firms and technology companies due to relatively lower occupancy costs compared with Bengaluru, Hyderabad and Mumbai, along with the availability of large-format office developments.
Wakad, Hinjewadi and Baner remain among the preferred micro-markets for occupiers looking to establish large back-office, research and engineering operations in Pune.
Global capability centres have emerged as one of the biggest demand drivers in India’s office property market over the last few years, with multinational companies expanding engineering, research, technology and support operations across major cities.
Boston Scientific is among several multinational healthcare and technology-focused companies that have been increasing their India office footprint to support global operations and engineering functions.
India’s office market has remained resilient despite global economic uncertainty, with multinational occupiers continuing to anchor large leasing transactions across major cities. Demand has increasingly shifted towards high-quality campus-style developments offering scalability and long-term expansion flexibility.
Industry experts expect GCC-led absorption to remain a key growth driver in 2026, particularly in cities offering a balance of talent availability, infrastructure and relatively competitive rentals compared with larger gateway markets.
Boston Scientific Technology and Engineering Services has leased 130,682 sq ft across the sixth and seventh floors of Eon West LP II, Tower D, located at Wakad in Pune.
The lease agreement also grants the company a hard option to lease the eighth floor of the building until March 2027, indicating potential expansion plans at the facility.
The office premises have been leased from Wakad Realty Pvt Ltd under a fresh lease agreement that commenced on April 1, showed documents accessed through Propstack, a realty data analytics platform.
The company will pay a monthly rental of around Rs 86.58 lakh at a rental rate of Rs 66.25 per sq ft per month. The agreement has been signed for a tenure of 9.5 years and includes a rental escalation clause of 15% every three years. As part of the transaction, Boston Scientific has deposited a security amount of around Rs 3.90 crore.
ET’s email query to Boston Scientific remained unanswered until the time of going to press.
Pune has continued to witness strong leasing activity from global capability centres, engineering firms and technology companies due to relatively lower occupancy costs compared with Bengaluru, Hyderabad and Mumbai, along with the availability of large-format office developments.
Wakad, Hinjewadi and Baner remain among the preferred micro-markets for occupiers looking to establish large back-office, research and engineering operations in Pune.
Global capability centres have emerged as one of the biggest demand drivers in India’s office property market over the last few years, with multinational companies expanding engineering, research, technology and support operations across major cities.
Boston Scientific is among several multinational healthcare and technology-focused companies that have been increasing their India office footprint to support global operations and engineering functions.
India’s office market has remained resilient despite global economic uncertainty, with multinational occupiers continuing to anchor large leasing transactions across major cities. Demand has increasingly shifted towards high-quality campus-style developments offering scalability and long-term expansion flexibility.
Industry experts expect GCC-led absorption to remain a key growth driver in 2026, particularly in cities offering a balance of talent availability, infrastructure and relatively competitive rentals compared with larger gateway markets.
