The Rise of Pune’s Commercial Space

Pune has emerged as a thriving city in the real estate market, experiencing rapid growth. It all began with the establishment of the automobile sector, and further accelerated with the rise of the IT industry.

As working professionals flocked to the city, the demand for residential and commercial spaces skyrocketed. Pune’s commercial sector, in particular, has witnessed an unprecedented surge in demand.

Developers have strategically targeted areas that were previously overlooked, such as Baner, NIBM Road, and Pimpri-Chinchwad, in addition to the well-established areas like Kalyani Nagar and Viman Nagar.

Tribeca Developers have recognized the immense potential of NIBM Road and are leaving no stone unturned in their offerings. Following the success of their residential development, The Ark – Voyage to the Stars and Yoo One, they are now creating a unique mixed-use retail space, the Tribeca Highstreet.

Set to open its doors soon to the public, this will be the largest high street in Pune and the only organised retail in South Pune. It will boast a wide range of offerings from fashion and lifestyle to restaurants and cafes.

NIBM Road’s location is a key factor contributing to its growth. Its easy connectivity to the center of Pune, well-developed public infrastructure, tranquil natural surroundings, young working population, and lack of satisfactory offerings have propelled NIBM Road to become the focal point of Pune’s commercial expansion.

Despite the impact of the pandemic, the hybrid work model has favored both companies and employees. Working professionals seek accommodation and entertainment options near their workplaces, boosting confidence among real estate developers to provide mixed-use spaces. Investors are drawn to Pune’s commercial growth, benefiting from higher rental yields, easier maintenance, and exclusive opportunities.

To discover what’s causing all the excitement about Pune’s longest high street, click here TribecaHighstreet