DHL Logistics Renews 3.17 Lakh Sq Ft Warehousing Lease in Panvel Near Mumbai
DHL Logistics has renewed its lease for 317,000 sq ft of warehousing space in Panvel, near Mumbai, for five years to enhance its distribution network and meet the growing demand from e-commerce and consumer companies.
Dhl LogisticsPanvelWarehousingLogisticsMumbaiReal Estate MumbaiOct 02, 2025
The logistics and supply chain multinational leased the space at Ascent Free Trade and Warehousing Zone (FTWZ), developed by Ascendas Panvel FTWZ, part of the CapitaLand Group. DHL will pay a monthly rental of Rs 1.80 crore, with a 5% escalation clause effective from June 2025. The leasing tenure is effective from August 2024, and the agreement, registered in September this year, includes a security deposit of Rs 14.11 crore, as shown in documents accessed through Propstack, a realty data analytics platform.
DHL Group currently has over 21 million sq ft in warehousing space across India, serving more than 50,000 locations. The new warehouse has connectivity with the Mumbai-Pune Expressway, Jawaharlal Nehru Port Trust (JNPT), and the upcoming Navi Mumbai International Airport, making it a strategic location for companies looking to enhance supply chain efficiency and international trade-related warehousing.
Recent large-scale leasing activity in Panvel highlights the increasing consolidation by logistics operators and multinational firms in Grade A warehousing facilities. This trend allows occupiers to benefit from duty deferment and simplified compliance, making it particularly attractive for global supply chain players like DHL.
India’s warehousing market continues to see sustained demand, driven by third-party logistics (3PL), e-commerce, retail, and manufacturing companies. Occupiers are opting for long-term commitments in strategic micro-markets amid rising rentals. Industry experts note that Panvel, with its proximity to JNPT and enhanced infrastructure, is well positioned to remain a strong logistics and warehousing cluster.
The DHL contract highlights both the growing scale of occupier demand and the growing role of institutional landlords in shaping India’s logistics landscape. With cargo volumes through JNPT on the rise and the Navi Mumbai International Airport expected to start operations soon, Panvel’s importance as a logistics hub is set to strengthen further.
Frequently Asked Questions
What is the size of the warehouse DHL Logistics has renewed its lease for in Panvel?
DHL Logistics has renewed its lease for a 317,000 sq ft warehousing space in Panvel, near Mumbai.
How long is the lease agreement for the new DHL warehouse in Panvel?
The lease agreement for the new DHL warehouse in Panvel is for five years.
What is the monthly rental amount for the new DHL warehouse in Panvel?
DHL will pay a monthly rental of Rs 1.80 crore for the new warehouse in Panvel.
What are the key infrastructure connections of the new DHL warehouse in Panvel?
The new DHL warehouse in Panvel has connectivity with the Mumbai-Pune Expressway, Jawaharlal Nehru Port Trust (JNPT), and the upcoming Navi Mumbai International Airport.
Why is Panvel an attractive location for logistics and warehousing?
Panvel is an attractive location for logistics and warehousing due to its proximity to JNPT, enhanced infrastructure, and strategic connectivity, making it ideal for supply chain efficiency and international trade.
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