CAM, lock-ins, fit-outs, rent-free period, and how rents are quoted.
Quick answer
Pune commercial leases run 3+3+3 (year) terms with 3-year lock-in, escalate 15–18% every 3 years (or 5% annual), and CAM (Common Area Maintenance) is charged on top. Security deposit: 6–10 months.
How rent is quoted
On chargeable area (carpet + proportional common). Premium grade-A in Kharadi or Magarpatta: ₹115–150/sq.ft/month. Hinjewadi: ₹85–110. Always confirm carpet vs chargeable in the LOI.
Fit-out period
Rent-free fit-out is standard — 60 to 120 days depending on lease size. Use the fit-out window for civil, electricals, HVAC handover, occupancy testing.
Lock-in vs notice
Lock-in protects landlord; notice period protects tenant after lock-in. Negotiate both — typical Pune commercial: 3-year lock-in, 6-month notice after.
Frequently asked questions
How is commercial rent calculated in Pune?
On chargeable area (carpet + proportional share of common). CAM (maintenance, security, lifts, lobby) is charged on top, typically ₹15–25/sq.ft/month. Always confirm whether the rent quote is on carpet or chargeable.