Pune, 2nd July 2026: Global IT and consulting giant Accenture has strengthened its presence in Pune by leasing nearly 3.45 lakh sq ft of office space at Phoenix Millennium Tower in Yerawada under a 10-year agreement worth around ₹355 crore.
According to property registration documents accessed by Hindustan Times, the long-term lease is one of the city’s significant commercial real estate transactions this year and reflects the continued demand for premium office spaces from multinational companies expanding their operations in Pune.
The office space, spread across approximately 3.45 lakh sq ft, has been leased for a decade and includes a lock-in period, security deposit and periodic rent escalations, as is standard in large commercial leasing agreements.
The latest deal comes at a time when Pune continues to attract major investments from global technology firms and Global Capability Centres (GCCs). The city’s skilled workforce, well-developed IT ecosystem and modern commercial infrastructure have made it one of India’s preferred destinations for multinational companies looking to expand.
Accenture already has a significant presence in Pune, with offices employing thousands of professionals across consulting, cloud computing, artificial intelligence, cybersecurity and digital engineering. The new office space is expected to support the company’s growing operations in the city.
The transaction is also another boost for Pune’s commercial real estate sector, which has witnessed sustained leasing activity despite changing workplace trends. Industry experts believe demand from large global occupiers continues to drive office space absorption across key business hubs in the city.
With another marquee company committing to a long-term investment, Pune further cements its position as one of India’s fastest-growing technology and business destinations.
