MUMBAI: Boston Scientific, a global leader in medical technology, has secured over 130,000 sq ft of office space in Pune through a long-term lease of nearly 9.5 years, emphasizing the sustained interest from multinational companies in expansive office campuses in major tech hubs.
Boston Scientific Technology and Engineering Services has leased 130,682 sq ft on the sixth and seventh floors of Eon West LP II, Tower D, located in Wakad, Pune.
The lease also includes an option to lease the eighth floor until March 2027, suggesting potential future expansion at the site.
The office space was leased from Wakad Realty Pvt Ltd under a new agreement that began on April 1, as documented by Propstack, a realty data analytics platform.
The agreed monthly rental is approximately ₹86.58 lakh, calculated at ₹66.25 per sq ft per month, for a tenure of 9.5 years, featuring a rental escalation clause of 15% every three years. Boston Scientific has also provided a security deposit of around ₹3.90 crore.
RealtyDailyNews’s inquiry to Boston Scientific for comments on this matter went unanswered at the time of publication.
Pune continues to experience robust leasing activity from global capability centers, engineering firms, and tech companies, fueled by comparatively lower occupancy costs than those in Bengaluru, Hyderabad, and Mumbai, along with ample availability of large office spaces.
Areas such as Wakad, Hinjewadi, and Baner are among the favored micro-markets for companies aiming to establish extensive back-office, research, and engineering operations in Pune.
Global capability centers have emerged as significant demand drivers in India’s office property market recently, with multinational corporations expanding engineering, research, technology, and support operations in major cities.
Boston Scientific is just one of several multinational healthcare and technology firms that are expanding their presence in India to bolster global operations and engineering capabilities.
The Indian office market has shown resilience in the face of global economic uncertainties, with multinational tenants continuing to pursue substantial leasing agreements in major cities. There is a notable demand shift toward high-quality, campus-style developments that offer scalability and long-term growth options.
Industry experts predict that GCC-led absorption will remain a key growth driver in 2026, especially in cities that provide a balance of talent availability, infrastructure, and competitive rental rates compared to larger gateway markets.
