Bengaluru is the hottest IT sector destination in today’s time. It is home to the headquarters of many prominent companies like Microsoft, Intel Corp, Morgan Stanley and Goldman Sachs. Nonetheless, in recent years Bengaluru has witnessed a drastic change within its corporate sector.
Many companies are migrating from Bengaluru to other metropolitan cities in India in the quest for better opportunities. The primary reason for this shift is the lack of adequate infrastructural facilities. However, there are several other reasons why working professionals are choosing other cities for their business ventures. Let us have a quick look and understand why the city of Bangalore is no longer the first settlement choice for corporate firms.
Why are companies choosing other Metropolitan cities over Bengaluru?
- Higher cost of infrastructure
Living in Bengaluru can burn a hole in your pocket. Not just for a bachelor who might have to stay in a sharing setting, even corporate firms have to pay hefty prices for a decent company setup for its staff. Be it a co-working space or a studio office, affordability of space for both commercial properties has become a big challenge these days.
- Natural calamities and their adverse effects
Bengaluru is one of the best places in India for the establishment of the IT sector and is well-equipped. However, due to the region’s frequent flooding, many working professionals are moving on to better alternatives.
These unforeseen incidents cause disruptions to the overall operating system of the said firms. Due to recent severe flooding, several businesses have returned to having employees work from home because they are unable to travel to their office.
Floods have crippled the transportation system as many working professionals used tractors to commute to the office spaces. This creates a hassle for the working population and eventually leads to a lack of productivity as well as financial losses.
According to a recent survey, Fintech Companies established in Bangalore incurred an aggregate loss of 250 CR just because the employees reached their respective offices 5-6 hours late due to transportation issues.
- Inefficient transportation system
Bengaluru’s transportation is a nightmare because of the weather. Additionally, the city lacks metro connectivity. Roadways are therefore the primary form of transportation. However, commuting becomes difficult during the rainy season. The roads become clogged, leading to traffic congestion for several hours.
Is there a better alternative?
Many people are looking for better immigration choices in light of all these issues. One such option favored by many companies is the city of Pune. Pune has risen to the top of the list among software companies during the past several years. Additionally, this region stands apart due to the establishment of IT parks here. There are several more reasons why companies are shifting to Pune from Bengaluru. Let us discuss those reasons in detail.
Advantages of Pune over Bengaluru
- Modern and Dynamic Infrastructure
Pune’s infrastructure is expanding at a rapid rate. This location now houses a large number of educational institutions, software companies, and other commercial zones. There has been an increase in demand for commercial real estate as the growth potential of corporate firms significantly increases post-pandemic due to the presence of modern infrastructural solutions in Pune.
Pune’s commercial real estate is booming and developers are coming up new office spaces keeping in mind the changing work routines in the corporate sector. Developers are monitoring the requirements of the corporates and delivering best solutions that caters their organizational goals.
Connectivity across the city will be seamless due to the Pune Metro Rail project, which is anticipated to be completed by the end of 2022. This will significantly help working professionals in their daily commute to the offices. The availability of these infrastructure makes the process of running a business more convenient.
Although Pune is well-developed in terms of all the aspects, here you can still acquire a commercial property at a very affordable prices. If you’ve just started with your new venture and looking for a cheaper and yet best alternatives then you can surely buy or rent yourself a commercial property in Pune at locations which are just a drive away from the city centre.
Ambrosia Galaxy – A commercial tower at Baner, Pune is the best example where business organizations can set up their offices, at a prime location, and within affordable pricing points. Hinjewadi – the IT Hub of Pune and locations like Chakan MIDC and Pimpri-Chinchwad are some of the close locations which preferred by corporate firms. These gives a great advantage for bigger firms to stay close to their IT and operational setups within a close proximity.
- Better cost of living
Pune is cheaper to live in as compared to Bengaluru. Here you get access to similar types of amenities but at a better and more affordable cost. The expenses related to accommodation, transportation, education, food and entertainment are lesser. Thus it is guaranteed that you can live a comfortable life with minimal expenses allowing working professionals to lead a more balanced lifestyle.
- Best city to live in
Pune is the second most populous city in the state of Maharashtra, following Mumbai, with a population of more than 7 million. It is one of the largest hubs for working professionals and is well known for its rich legacy. In the last ten years, it has been known as the smart city.
Here, in contrast to Bengaluru, you can live in a comfortable environment. Due to the abundance of lush, green mountains, the city is transformed into heaven on Earth, especially during the monsoon season. Both the summers and the winters are not overly hot. As a result, it gets good weather all year long.
Pune is Maharashtra’s centre for education. Many students come here to pursue higher education, not just from different regions of Maharashtra but also from India. It is also popularly known as the ‘Oxford of the East’.
Moreover, it has many holiday destinations. If you love trekking then Hill Stations like Mahabaleshwar and Matheran are waiting for you. Also on a summer day, you can relax and enjoy with your family on the beaches in Konkan and Ratnagiri.
- Airport development approved by the government
Also, the construction of the International Airport in Pune is expected to be completed by the advent of 2024. This will lead to a sharp rise in the prices of real estate in Pune. Equipped with 2 International Airports, Pune is now a premium location that corporate firms must consider. Moreover, the improvement in roadway development in the Tech Parks area will enhance the aspect of transport even further. Thus, now is the best time to invest and set up your office space in Pune.
These are some of the reasons why one should consider Pune for the establishment of their business headquarters. If you are looking for commercial space in Baner, Pune then Ambrosia Galaxy is the perfect option for you. They provide well-organised spaces and make sure to provide the greatest working environment for the staff.
Additionally, Ambrosia Galaxy offers business parks with outstanding architecture, innovative infrastructure, and a plethora of amenities. It is situated in a prime location in Pune’s business district, the place is highly sought after by professionals.
It is strategically located in the heart of Pune city. As a result, this corporate space is easily accessible from all corners of the city. So what are you waiting for? Do get in touch with the Ambrosia Galaxy team and start your journey towards a new beginning.