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Boston Scientific leases 1.3 lakh sq ft office space in Pune for over ₹86 lakh monthly rent
Pune real estate: Boston Scientific has leased 1.3 lakh sq ft of office space in Pune's Wakad area for ₹86.58 lakh per month, solidifying its presence in India
Boston Scientific, through its Indian arm Boston Scientific Technology and Engineering Services Private Limited, has leased over 1.3 lakh sq ft of office space in Pune for a monthly rent of ₹86.58 lakh for 9.6 years, according to lease documents accessed by Propstack. The office space is located in Wakad, Pune.
The company has leased 1,30,682 sq ft across the sixth and seventh floors in Wakad, Pune, the document showed.
The property is owned by Wakad Realty Private Limited. The lease commenced on April 1, 2026, and is for 9.6 years. The transaction includes a rental rate of ₹66.25 per sq ft per month. The company will also pay a security deposit of ₹3.9 crore, the document showed.
As part of the lease terms, the rent will increase by 15% every three years. The agreement further grants Boston Scientific a hard option to lease the eighth floor of the building until March 2027, it showed.
The company will start paying rent from October 1, 2026, after the rent-free fit-out period ends. During the fit-out period, the tenant will not have to pay rent, maintenance (CAM) charges, or parking fees, the document mentioned.
Boston Scientific will have a five-year lock-in period from April 1, 2026, to March 31, 2031, during which the company cannot terminate the lease agreement, it said.
The company has also been allotted 130 car parking slots and 260 two-wheeler parking spaces as part of the lease agreement. The company will pay ₹3,500 per month for each car parking slot and ₹1,750 per month for each two-wheeler parking slot, with parking charges set to increase by 15% every three years from the lease commencement date, it showed.
A list of questions has been sent to Boston Scientific and Wakad Realty. The story will be updated once a response is received.
Previous transactions in Pune
In March 2026, Welspun Enterprises Ltd had leased 4.5 lakh sq ft of commercial office space in Radius IT Park in Pune's Hinjewadi for over ₹82 crore, according to property registration documents accessed by Propstack.
According to the documents, the space was leased for 5 years, commencing on April 1, 2026, and expiring on March 31, 2031. The documents show that the space was leased from Indo Global Soft Solutions and Technologies Pvt Ltd.
Recently, Maersk Global Service Centres (India) Pvt Ltd leased 1.93 lakh sq ft of office space in Pune for 10 years at a monthly rent of ₹1.45 crore, according to documents accessed by Propstack.
BMW also expanded its Pune footprint by leasing an additional 1.35 lakh sq ft logistics facility from ESR Pune Industrial Park Private Limited at a monthly rent of ₹53.19 lakh for a tenure of 7 years and 5 months, documents accessed by Propstack showed.
Also Read: Maersk leases about 2 lakh sq ft office space in Kharadi in Pune for ₹1.45 cr monthly rent
In November 2025, Nice Interactive Solutions India Private Limited leased around 1.63 lakh sq ft of office space in Pune’s Hinjewadi area for a total rent of over ₹44 crore, according to property registration documents accessed by Propstack.
US-based Mortgage Technology's Indian subsidiary, ICE MT India Private Limited, leased 1.93 lakh sq ft of office space in Pune's Magarpatta Cyber City to set up its Global Capability Centre (GCC) for a total rent of ₹217 crore, according to property registration documents accessed by Propstack.
The space was leased from Axis Max Life Insurance Limited for nine years, according to the documents. The company took space measuring 1.54 lakh sq ft of carpet area and 1.93 lakh sq ft of chargeable area in Tower S3, Magarpatta Cybercity.
