Bare shell
A raw floor plate. No flooring, no ceiling, no HVAC, often no washrooms. You build everything. Lowest rent, longest lead time, maximum design freedom — and the highest capital outlay from your side.
Commercial property consultants across Pune & PCMC
Building specification & layout
The single largest cost variable in a Pune office deal is not the rent per square foot. It is the condition the space is handed over in, and who pays to finish it. This is the reference we give occupiers before they shortlist anything — and the specifications we source against.
Occupiers we work with
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The specification reference
A bare shell floor at a low rent and a fully fitted floor at a high rent are frequently the same total cost once fit-out, the rent-free period and the time to occupation are modelled properly. Occupiers who compare only the headline rent per square foot routinely choose the more expensive option without realising it.
This page sets out what each specification actually means in the Pune market, which building attributes genuinely affect how a space performs, and how we verify them. Every attribute here is something we check on site — clear height, loading factor, power provision, lift and parking ratios, accessibility, green certification and orientation.
Why BigSpace
Shell types and handover conditions
These terms are used loosely in the market. Here is what they mean in practice in Pune.
A raw floor plate. No flooring, no ceiling, no HVAC, often no washrooms. You build everything. Lowest rent, longest lead time, maximum design freedom — and the highest capital outlay from your side.
Structurally complete with basic services brought to the periphery but no HVAC and minimal internal finish. Effectively bare shell with the core services closer to you.
Flooring, false ceiling, HVAC and washrooms delivered by the landlord. You build partitions, electricals, furniture and branding. The most common Grade A handover in Pune.
Warm shell plus some partitions, cabins or basic electricals already in place. Definitions vary by landlord, so we document exactly what is included.
Complete interiors — workstations, cabins, meeting rooms, reception, pantry and cabling. Occupation in days rather than months, at a materially higher rent.
Fully fitted with power, HVAC and networking live and tested. The distinction from 'fully fitted' is that services are actually commissioned and running.
Micro-markets
Rent, availability and building quality vary sharply between micro-markets. These are the corridors our desk covers daily.
Configurations
Tell us the size band and we work backwards to carpet area, frontage, power and the buildings that can genuinely deliver it.
Technical due diligence
This is the difference between a listing and a usable property. Every point below is checked on site, not taken from a brochure.
Loading factors in Pune range from about 25% to 45%. On a 5,000 sq ft chargeable floor that is a difference of roughly 800 usable square feet.
Measured under services, not to the slab. It determines lighting quality, the feel of the space, and whether a mezzanine is possible.
Sanctioned load in KVA, three-phase availability, DG backup percentage and whether a dual grid feed exists.
Central chilled water, VRF or split units, who pays to run it, and whether it is available outside standard office hours.
Passenger lifts, waiting time at peak, and whether a freight lift exists for fit-out and equipment movement.
Bays per 1,000 sq ft written into the lease, multi-level parking where available, and EV charging provision.
IGBC or LEED rating, which affects running cost, staff experience and increasingly the expectations of multinational occupiers.
Ramps, accessible washrooms and lift access — a legal expectation and a practical one for any public-facing occupier.
Glass facade quality drives both daylight and cooling load. West-facing glazing without treatment is expensive to run.
Decisive for retail and showrooms, and more important for professional firms than most occupiers assume.
Occupier types we serve
Tell us which of these are non-negotiable and we will filter the market accordingly.
How we work
Four stages, one consultant, and a written record of every commercial term discussed.
We take your size, budget, preferred corridors and timeline, then show you what that money actually buys in each micro-market before you visit a single property.
Five to eight options, all physically inspected, all confirmed available, each with real carpet area, all-in monthly cost and the owner's genuine position.
We schedule the visits and run the commercial negotiation — rent, escalation, lock-in, rent-free period and fit-out contribution — from your side of the table.
Leave and licence or lease deed support, stamp duty and registration, snag list and handover, with the same consultant you started with.
Client feedback
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We were comparing two floors on rent and they were nearly identical. BigSpace worked out the loading factor on both and one gave us eleven percent more usable area for the same money.
The fit-out cost model made the decision obvious. The cheap bare shell was going to cost more in total than the fitted floor once we counted four months of dead rent.
Our Vastu requirement was genuinely important to the promoters. They handled it without pretending it was easy and without narrowing the search to nothing.
Commercials & lease terms
The rent is one line. Fit-out cost, rent-free period, time to occupation and running cost are the other four, and together they usually matter more.
Rent differential
Fully fitted space commands a substantial premium over warm shell, which in turn sits above bare shell. The gap narrows once fit-out is modelled.
Fit-out capital cost
Bare shell fit-out is a serious capital outlay per sq ft. Warm shell is materially less. Fitted space is close to nil.
Rent-free period
Shell deals attract one to four months rent-free for fit-out. Fitted space rarely does, which is part of the trade.
Time to occupation
Bare shell typically means eight to sixteen weeks. Plug and play means days. For a growing business, delay has a real cost.
Running cost
HVAC type, glazing orientation and green certification drive your monthly electricity bill far more than most occupiers expect.
Reinstatement obligation
What you must restore at lease end. On a bare shell deal this can be a significant unbudgeted cost — check it before signing, not after.
Indicative guidance only. Actual figures depend on building grade, floor, condition, lease tenure and covenant strength. Ask us for a written benchmark for your exact requirement and corridor — call +91 8793505409.
Questions occupiers ask
Bare shell is a raw floor plate where you build everything including flooring, ceiling, HVAC and often washrooms. Warm shell means the landlord has delivered flooring, ceiling, HVAC and washrooms and you build partitions, electricals and furniture. Fully fitted means complete interiors ready to occupy. Rent rises across that sequence and your capital outlay falls across it, which is why total cost has to be modelled rather than assumed.
On rent, always. On total cost, frequently not. Once you add fit-out capital, four months of occupation delay and the reinstatement obligation at lease end, a bare shell deal can easily exceed a fitted one over a three-year horizon. It genuinely depends on your lease length — the longer the term, the more bare shell wins.
Loading is the difference between chargeable area, which you pay for, and carpet area, which you can actually use. Pune buildings commonly load between 25% and 45%. Two floors quoted at the same rent with different loading factors are not comparable, and this is one of the most common ways occupiers overpay without knowing it.
Yes. Orientation and entrance direction can be filtered for, and it is a genuine requirement for many Indian businesses. The practical point is to define which Vastu elements are non-negotiable and which are preferences, because an over-specified list can eliminate the entire market in a given corridor.
Yes, particularly in the Grade A stock across Kharadi, Hinjewadi, Yerwada and Magarpatta. Green certification affects running cost and indoor environment quality, and it increasingly matters to multinational occupiers with their own sustainability reporting obligations.
Around three metres clear under services is comfortable for a conventional office. Below about 2.7 metres a floor starts to feel oppressive once ducting and lighting are installed. Studios, showrooms and anything with a mezzanine ambition need considerably more.
A lease clause requiring you to restore the premises to their original condition at the end of the term. On a bare shell deal where you built everything, this can be a substantial and entirely unbudgeted cost. We read it and quantify it before you sign.
Requirements we handle
These are the real briefs that come across our desk. If yours is not listed here, it is still one phone call away from a shortlist.
Areas we cover
Jump straight to the micro-market you are looking at, or call +91 8793505409 and we will shortlist across all of them.
Start with a conversation
One call, one brief, and a shortlist of inspected options within 48 hours. No listing fee, no recycled photographs, no properties that were let last month.
More from BigSpace
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