FM India Supply Chain Secures 1.31 Lakh Sq Ft Lease at Lodha Industrial Park Near Mumbai
FM India Supply Chain Private Limited has leased 1.31 lakh sq ft of industrial space at the Lodha Industrial Park in Palava City, Thane district, near Mumbai, for a total rent of ₹33 crore over five years.
Real EstateLogisticsLeasingMumbaiIndustrial SpaceReal Estate MumbaiOct 31, 2025
The property is owned by Palava Induslogic 4 Private Limited, a subsidiary of Lodha Developers. The lease agreement specifies a starting monthly rent of ₹50.37 lakh, along with a security deposit of ₹2.65 crore. The agreement also includes a clause for annual rental escalation, ensuring the property remains a valuable asset for both the tenant and the landlord.
The per-square-foot rent of the leased property translates to approximately ₹31.60 per square foot per month, as per the documents. The transaction was registered on October 28, 2025, with a stamp duty of ₹1.78 lakh paid. Additionally, the tenant will also be responsible for paying the common area maintenance (CAM) charges of over ₹2.11 crore, as detailed in the lease agreement.
Lodha Developers, a leading real estate developer in India, has been actively involved in developing and leasing industrial and logistics spaces near Mumbai. The company's Palava City project, located in Thane district, has become a hub for logistics and industrial activities, attracting major players in the sector.
In a similar transaction, Amazon Data Services Pvt Ltd purchased a 38-acre land parcel in Ambernath near Mumbai from the Lodha Developers in November 2024 for ₹450 crore. The land parcel, located in Asode and Burdul villages, was registered on November 12, 2024, with a stamp duty of ₹27 crore. This acquisition further solidifies the region's importance in the logistics and industrial sectors.
Another notable transaction in the vicinity occurred in August 2025, when Zomato Hyperpure, the B2B supply chain arm of food tech giant Zomato, secured a five-year lease for 2.46 lakh sq ft of warehouse space in Bhiwandi near Mumbai for ₹43.90 crore. The monthly starting rent for the 246,598 sq ft space is ₹66.21 lakh, along with a security deposit of ₹2.78 crore. The space is located in One K Square Logistics Park in Bhiwandi, and the transaction was registered on August 26, 2025.
These transactions highlight the growing demand for industrial and logistics spaces in the Mumbai metropolitan region, driven by the increasing need for efficient supply chain solutions and the strategic location of these properties. Lodha Developers continues to play a pivotal role in meeting this demand, contributing to the economic growth of the region.
For more updates on real estate news and market trends, stay tuned to Hindustan Times.
Frequently Asked Questions
What is the total rent for the lease agreement between FM India Supply Chain and Lodha Developers?
The total rent for the lease agreement is ₹33 crore over five years.
Who owns the property leased by FM India Supply Chain?
The property is owned by Palava Induslogic 4 Private Limited, a subsidiary of Lodha Developers.
What is the monthly starting rent for the leased property?
The monthly starting rent for the leased property is ₹50.37 lakh.
What is the security deposit for the lease agreement?
The security deposit for the lease agreement is ₹2.65 crore.
What is the per-square-foot rent for the leased property?
The per-square-foot rent for the leased property is approximately ₹31.60 per square foot per month.
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