WNS Global Services has completed a sale and leaseback transaction for its 170,000 sq ft office space in Pune’s Magarpatta Cyber City, Hadapsar. The property was sold for ₹177 crore, and the company will continue occupying the premises under a five-year lease agreement. The annual rent is ₹16 crore, with a rental rate of ₹77.5 per sq ft per month and a 5% annual increase.
A sale and leaseback arrangement allows a company to sell an owned property to a buyer while leasing it back for continued use. This model helps businesses unlock capital without disrupting operations. While widely used in sectors like aviation and hospitality, such deals remain relatively uncommon in India’s office real estate sector. In this case, WNS sold the property at an effective price of ₹10,300 per sq ft, according to data from Propstack.
This transaction provides WNS with liquidity that can be redirected toward debt repayment, expansion, or reinvestment in core operations. Companies adopting such strategies can free up capital while continuing to function from the same premises. By converting a fixed asset into liquid capital, WNS gains financial flexibility and better cash flow management.
In India, sale and leaseback deals are becoming more prominent as companies seek alternative financial strategies. In September, Suzlon Energy executed a similar transaction involving its Pune headquarters, One Earth, as part of a broader move to monetize non-core assets. These transactions reflect a shift in corporate real estate strategies, where firms aim to optimize asset utilization while maintaining business continuity.
WNS has a significant global presence, operating in multiple countries and regions. As of December, the company employed 63,390 professionals across 66 delivery centers worldwide. It has offices in the US, UK, Canada, China, Costa Rica, Malaysia, the Philippines, Poland, Romania, South Africa, Sri Lanka, and Turkey. In India, WNS has offices in Mumbai, Pune, Bengaluru, Hyderabad, Chennai, Gurgaon, Indore, Jaipur, Nashik, Noida, Trichy, and Visakhapatnam.
The sale and leaseback model is gaining traction among Indian companies looking to optimize their financial resources. Real estate monetization allows firms to enhance liquidity, reduce fixed costs, and improve capital efficiency without relocating. The continued use of the premises ensures operational stability while providing funds for strategic growth.
This transaction reflects changing trends in India’s commercial real estate market, where companies are leveraging financial strategies to maximize resource utilization. It highlights a growing preference for asset-light models, enabling businesses to focus on expansion and efficiency while maintaining necessary office space.
Image source- wns.com
