Mahindra Logistics Secures Major 300,000 Sq Ft Warehouse Facility Near Pune With ₹71.3 Lakh Monthly Rental

Mahindra Logistics, the supply chain and logistics services division of the Mahindra Group, has announced securing approximately 300,000 square feet of warehouse space in India's growing logistics sector at Sudhawadi, situated along the Talegaon-Chakan highway near Pune. The company has entered into a lease agreement that extends for more than five years, marking a significant expansion in its western India operations.

Lease Terms and Financial Details

Industry sources revealed that the lease agreement stipulates a monthly rental rate of ₹24 per square foot, resulting in a total monthly rent commitment of ₹71.3 lakhs for the facility. The comprehensive lease package includes an annual escalation clause of 5%, ensuring rental adjustments aligned with market trends. Additionally, the company has paid a security deposit of ₹1.2 crore as part of the agreement terms, according to official documentation.

Strategic Expansion for Western India Operations

The newly acquired facility is expected to significantly support Mahindra Logistics' expanding warehousing and distribution operations across western India. This development aligns with the company's broader strategy to strengthen its presence in key industrial corridors. Currently, the company manages warehouse space totaling 21.1 million square feet, and this addition further consolidates its position as a major player in India's logistics infrastructure.

Property Specifications and Timeline

The lease arrangement, which commenced on June 1, encompasses a chargeable area of 297,400 square feet with a built-up area of 270,364 square feet. The facility's strategic location along the Talegaon-Chakan highway provides excellent connectivity to major manufacturing hubs and transportation networks, making it an ideal choice for logistics operations.

Growing Demand for Premium Logistics Space

This transaction adds to the expanding portfolio of long-term industrial leases being executed in the region, highlighting continued strong demand for Grade A logistics and warehousing space from third-party logistics providers and manufacturing companies. The deal reflects the robust growth in warehouse leasing in Pune's industrial belt, which has become a preferred destination for logistics infrastructure development due to its strategic location and connectivity advantages.

The Pune region continues to attract significant investments in logistics infrastructure, driven by its proximity to major ports, manufacturing centers, and consumption markets. This trend is expected to continue as companies focus on optimizing their supply chain operations and expanding their distribution networks across India.

Disclaimer: This news article has been compiled from various industry sources and official documents. While every effort has been made to ensure accuracy, readers are advised to verify information independently. The financial figures and lease terms mentioned are based on available documentation and industry reports. For official confirmation of details, readers should refer to company announcements and regulatory filings.