Jabil Circuit India Leases 4.1 Lakh Sq Ft Warehouse in Pune for ₹94.84 Lakh Monthly Rent
Jabil Circuit India Pvt Ltd, a subsidiary of US-headquartered Jabil Inc, has leased a 4.1 lakh sq ft warehousing facility in Ranjangaon, Pune, at a monthly rent of ₹94.84 lakh for a 10-year tenure, according to documents accessed by Propstack.
Jabil Inc is a global manufacturing services company that specializes in designing, engineering, and manufacturing electronic circuit board assemblies, systems, and end products. The facility in Ranjangaon has a built-up area of about 3.17 lakh sq ft, while the chargeable area stands at 4.13 lakh sq ft. Jabil Circuit has also paid a security deposit of ₹5.69 crore, as per the sub-lease document.
The lease agreement includes a 5-year lock-in period, starting on January 12, 2026, and ending on January 11, 2031. The rent will increase by 10% every two years, calculated on the last rent paid, starting from the lease commencement date.
Ranjangaon MIDC is a significant industrial hub located approximately 50 km from Pune, Maharashtra. It is known for housing major manufacturing companies in the automotive, electronics, and engineering sectors. The facility is situated on the Pune–Ahilyanagar Highway within a Maharashtra Industrial Development Corporation (MIDC) plot in Ranjangaon. The property is owned by MIDC and has been sub-leased to Jabil by KVR Industrial Park Private Limited.
A list of questions has been sent to Jabil Circuit and KVR Industrial Park for further details. The story will be updated if a response is received.
Previous warehousing transactions in Pune have also been significant. For instance, Mahindra Logistics Limited recently leased 2.97 lakh square feet of industrial space near Pune for a monthly rent of ₹71.37 lakh for a period of five years. The property, owned by Gauri Vijaya Induslog Park, is located at Sudhawadi on the Talegaon-Chakan Highway near Pune.
Additionally, Welspun One announced plans to invest ₹550 crore to develop a 1.2 million sq ft Grade A logistics park in Pune. The project, situated on a 46-acre MIDC-notified land parcel in the Talegaon–Chakan belt, is designed to connect factories to fulfillment and distribution networks, serving as a first-mile logistics asset.
These developments highlight the growing demand for industrial and warehousing spaces in and around Pune, driven by the region's strategic location and robust industrial infrastructure.
