Pune Chapter Success: Credtech Brings Real Estate Leaders Together

Abhay Shah - April 24, 2024

Credtech Knowledge Platform successfully organises Pune Chapter; brings together commercial real estate sector leaders

This is the 8th chapter after widely-acclaimed platforms in Bengaluru, Hyderabad and Chennai.
Three more chapters to be organised in 2024.

April 12, 2024, Pune: Credtech Knowledge Platform, hosted a sparkling line-up of Pune’s commercial real estate sector leaders including developers, occupiers, experts and policy makers under the theme ‘The Future of Workspaces – Vision 2030’.

‘The Credtech platform brings together industry experts, interdisciplinary speakers and best practices across the globe, to drive change and the future of workspace. We are dedicated to cultivating a dynamic platform for convergence of ideas, content and expertise. After having organised successful conclaves in South India, we found Pune to be an exciting venue to take our journey forward,’ explains Sunanda Jaiprakash, Founder and MD, Credtech Knowledge Platform.

Due to positive factors such as location, the presence of industrial and educational institutions, and overall quality of life, Pune has been seen as a long-term growth story. In 2023, the Pune commercial real estate market reported a gross absorption of approximately 6.4 million square feet (msf), comparable to Mumbai’s absorption. During the Pune platform, Credtech and CIRIL released a whitepaper titled ‘An overview of Pune’s buoyant CRE market.’

Credtech’s Pune Chapter was graced by Shri Sharavan Hardikar, IAS, MD, Maharashtra Metro Rail Corporation as Chief Guest. In his address, Hardikar said ‘Pune has huge growth potential for three distinct reasons. Firstly, it has a pleasant climate for most of the year. Secondly, it has abundant water resources. Finally, it has a great pool of talent that can be readily employed across industries. With public transport and infrastructure improving alongside favourable government policies, we have more reason to be optimistic.’

Investing in vision 2030 for Pune’s development

A distinguished panel of CXOs comprising Shrinivas Rao, CEO, Vestian, Jay Jaydeep Wakankar, Country Leader Management and Finance, Veradigm, Vivek Rachh, Director – Corporate Solutions, Panchshil Reality and Vithal Suryavanshi, Partner, Kotak Real Estate Fund addressed questions like:

How do you assess Pune’s development over the last 5-10 years, what are the key drivers?
What will be the growth triggers over the next 5-6 years?
How optimistic are you about investing and partaking in the city’s economic development?

What remains to be done from a policy, infrastructure, city planning, technology side to ensure that the city achieves its potential?

Sustainable Buildings – An outlook 2030

Durgesh Srivastava, Head – Tenant Advisory Group, C&W, Pune Area, Shailendra Potdar, Operations Professional – Facility, Property, Mall Management, K Raheja Corp, Neha Deosthale, Senior Director – Facilities and Admin at Principal Global Services, Leena Kurup – Head of Facilities Management at Globant, Pallav Agrawal, Vice President – Revenue COWRKS, Santosh Laxman Budhe, Director – Facilities, Procurement & Travel (India), Expleo Solutions Limited deliberated upon best practices for sustainable development – current scenario vs. future of commercial spaces.

The confluence of eco-consciousness, technology, design, experiences emerged as a major theme. Alongside, there was a realisation that developers, occupiers and service providers must work collaboratively to develop sustainable solutions.

A vision for a holistically developed Pune

Ranjit Gadgil, Programme Director, Parisar spoke about imperatives of air pollution, road safety and sustainable mobility. Over the past decade Parisar has successfully campaigned with Pune’s policy makers to adopt a comprehensive bicycle plan, a pedestrian policy and urban street design guidelines. Parisar has provided inputs to policies such as the Transit Oriented Development (TOD) and Parking Policy.