KOHINOOR WORLD TOWER
PRIME OFFICE INVESTMENT OPPORTUNITY
INFORMATION MEMORANDUM
INTRODUCTION
The Kohinoor World Tower project represents a prime opportunity to secure a high-quality A-Grade Office asset in Pune’s SBD.
Positioned in the growing Mundhwa commercial sector, the office asset has been designed by the globally renowed DPA Architects, offering circa 90,000 sq. m. of uninterrupted office space over 18 floors. A further 3,000 sq. m. of amenity space has designed to be exclusively used by the incumbent tenants.
Typical floor plates of 53,000 sq. ft. (5,000 sq. m.) provides occupants with an abundance of natural light light and flexible accommodation options for easily subdividable floors or whole floors. This asset is situated in the newly preferred office location for some of Pune’s key occupiers including Google, Mastercard, HSBC and a grouping of prime office and residential developments
Tenant profile, sustainability and longevity has been a key focus of the development and Kohinoor have partnered with globally renowned DPA architects to bring their vision for this project to life. The assets will be certified LEED Gold or above, green spaces, a creche and photovoltaic panels on the roof. A steel framed structure is being used in the construction of the assets, reducing the assets’ carbon footprint and ensuring high quality construction, whilst reducing development timelines.
The Kohinoor Group secured Tata Motors as the anchor tenant for their landmark development at Phase 1 of the Pimpri KWT, and recently entered into a JV agreement with Keppel land to develop X sq. ft. of grade A office space in X. They are the fastest growing commercial developers in Pune and are now focusing on bringing their next Grade-A office portfolio of circa 5mn sq. ft. to the market, centered around quality-designed Grade-A office assets in prime locations.
Knight Frank are delighted to bring this forward funding opportunity to market on their behalf and to build a partnership blueprint for what we are sure will bring multiple succeses.
Harry Chaplin‑Rogers Director of International Capital
Markets ‑ India
+91 86525 33549
Harry.CR@in.knightfrank.com
P Vilas
National Director ‑ Occupier
Strategy & Solutions Capital Markets & Branch Head (Pune) +91 98811 35409
P.Vilas@in.knightfrank.com
Viral Desai
Senior Executive Director
Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets and Retail Agency
+91 98330 13006
Viral.Desai@in.knightfrank.com
EXECUTIVE SUMMARY
Address 63/A/1, Mundhwa, Pune, Maharashtra 411036
FINANCIAL SUMMARY
The asset is targeting completion in Q1 2026. Knight Frank have analyzed the surrounding submarket, upcoming projects, market evidence and advised that a conservative 100 INR/sqft/month rental can be anticipated as a base. There is significant rental upside in this location with key developments looking to set new top market rents.
and Management ₹ 58,25,565 Estimated Net Income (Fully Leased) ₹ 1,11,43,47,087 Component Total (INR)
*Standard assumption 1% of lease rentals
90,00,000
2,15,76,168
NAGAR METRO STATION
NEW DEVELOPEMENT AREA
PINGALE VASTI BUS STOP
FINISH DATE DD/MM/YYYY
KP ANNEX HELIPAD
WADGAON SHERI BUS STOP
GHORPADIRD
KOHINOOR
WORLD TOWER
HADAPSARRAILWAYSTATIONRD
HADAPSAR TRAIN STATION
MULAMUTHARIVER
SAINATH NAGAR
WADGAON SHERI
KALYANI NAGAR RD
GHORPADI RD
KALYANI
CONNECTIVITY:
Pune Airport
8 km
Pune Railway Station 7 km
MULA MUTHA RIVER
Kalyani Nagar Metro Station
2.9 km
Pune Nagar Highway
3.8 km Bus Stop
BUS STOP
ANAND NAGAR
TITHE NAGAR
MUNDHWA
KESHAVNAGAR
MAGARPATTA RD
MANJARIRD
PUNE MARKET OVERVIEW
Pune Housing Unit Sales
In 2023, Pune’s real estate market displayed continued growth, achieving its highest ever residential sales figures in the last eleven years. The total sales in the Pune residential sector surged by 13% Y O Y to reach 49,266 units. This string market activity has continued into H1 2024, seeing sales of over 24,000 units. A further Y O Y increase of 11%.
OFFICE LEASING (ABSORPTION VS COMPLETION) 5 YEARS
Pune Leasing Volumes 2019 2024
Pune recorded a sizeable growth in transactions with pproximately 0.62 mn sq. m. (6.7 mn sq. ft.) of office space leased in 2023, arking the highest annual registrations to date. TheIT ITeS sector remained the primary driver of demand leveraging Pune’s status as a significant hub for IT and engineering talent.
Office Vacancy %
Since 2019, the Pune Market has seen 24 mn sq. ft. of space delivered with vacancy at 7% as of H1 2024. Pune continues to be a destination of choice for occupiers and when new supply is brough to the market, it is quickly absorbed.
A key reason for the strong absorption rates in Pune are the increasing presence of GCC’s. Global Capability Centre(GCC) transaction comprised 56% of the transaction volume in H2 2023. Pune’s diverse talent pool, improving infrastructure, presence of IT parks, and seamless connectivity, collectively position it as a preferred choice for GCCs.
WADGAON SHERI ADARSH NAGAR
RIVERMUTHAMULA
KESHAV NAGAR
TITHE NAGAR
TITHE NAGAR
NAGAR
MAGARPATTA RD
SAINATH NAGAR
SAINATH NAGAR
MUNDHWA
SUBMARKET OVERVIEW
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LOBBY
KEY FEATURES
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Compostite Steel Construction
Creche
Tenant Gymnasium
F&B Counters X Power Back Up
Solar PV Capacity X Atrium Height X Sustainability Design
LEED Gold
FLOOR PLANS
Ground Floor Plan
FLOORS: 1,2,3,5,6,7
KOHINOOR PORTFOLIO
Since 1989, the Kohinoor Group have established themselves as key players in the Pune real estate landscape. The group has successfully delivered and developed over 9 million square feet of residential and commercial space across the city.
The company has a further 11 million square feet, either under development or in secured pipeline across the city in prime locations. Joint ventures with Indospace and Keppel Land, in the warehouse and office sectors respectively, have underpinned the company’s presence as a Grade A developer in Pune.
The group’s upcoming office developments have focused in on Design, Location and Quality. All commercial projects have moved to a composite steel structure design to improve quality and sustainability, whilst reducing construction timelines.
Kohinoor High Street, Akurdi
Kohinoor Business Tower, Yerawada
Kohinoor World Towers: Phase II, Pimpri
Kohinoor Business Tower, Baner
FURTHER ENQUIRIES
SALES PROCESS
100% Interest in Kohinoor World Tower Mundhwa, offered for sale via Private Treaty and a Forward Purchase Agreement.
DUE DILIGENCE
To assist in the assessment of this offering, due diligence information is available via an online data room. To arrange access to the data room, please contact Knight Frank directly.
CHANGES TO THE PROCESS
The Vendors reserve the right, in its sole discretion, to postpone or cancel the proposed sale and to modify or add any terms and conditions to the proposed contract or other material associated with the proposed sale, which may be made available to a potential purchaser.
Harry Chaplin‑Rogers
Director of International Capital Markets ‑ India +91 86525 33549
Harry.CR@in.knightfrank.com
P Vilas
National Director ‑ Occupier Strategy & Solutions Capital Markets & Branch Head (Pune) +91 98811 35409
P.Vilas@in.knightfrank.com
Viral Desai
Senior Executive Director
Occupier Strategy & Solutions, Industrial & Logistics, Capital Markets and Retail Agency +91 98330 13006
Viral.Desai@in.knightfrank.com
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