Mahindra Logistics Secures 2.97 Lakh Sq Ft of Industrial Space Near Pune
Mahindra Logistics has leased a significant 2.97 lakh square feet of industrial space near Pune, further solidifying its presence in the region's logistics market.
Pune Real EstateMahindra LogisticsIndustrial SpaceLogistics MarketWarehousingReal Estate PuneJul 25, 2025
The property, owned by Gauri Vijaya Induslog Park, is located at Sudhawadi on the Talegaon-Chakan Highway near Pune. The lease agreement covers a built-up area of approximately 2.70 lakh square feet, with a chargeable area of 297,400 square feet. The lease has been signed for a tenure of 60 months (five years), with a monthly rental of ₹71.37 lakh, translating to ₹24 per square foot per month, as per the documents.
The agreement includes a 5% annual escalation clause, ensuring incremental revenue growth for the landlord over the lease term. The lease period for the agreement starts from June 1, 2025, and Mahindra Logistics has paid a security deposit of ₹1.26 crore as part of the transaction. The documents show that the transaction was registered on June 12, 2025, and a stamp duty of over ₹11 lakh was paid along with registration fees of ₹500.
In an email response, a company spokesperson of Mahindra Logistics stated that they currently manage over 22 million sq ft and are continually exploring and assessing new opportunities for growth. “As per policy, we do not comment on any specific financial deals. Our focus remains on delivering exceptional value to our customers and stakeholders, driving innovation, and solidifying our position as a leader in providing integrated solutions in logistics,” said the company spokesperson.
Gauri Vijaya Induslog Park, the property owner, could not be reached for comment.
Mahindra Logistics has a history of significant transactions in the region. In January 2025, the company leased space from Karanje Emerald Logistics Park Pvt Ltd in Khed near Pune, with the transaction registered on January 20, 2025. The deal involved a security deposit of ₹3.45 crore, along with a stamp duty payment of over ₹18 lakh and a registration fee of ₹1,000.
In 2024, Mahindra Logistics announced that it would invest ₹170 crore in a warehousing facility in Phaltan, near Pune. This investment underscores the company's commitment to expanding its logistics infrastructure in the region, which has emerged as a key industrial hub in India.
Pune's strategic location and robust industrial infrastructure have made it an attractive destination for logistics and industrial space leasing. The city's proximity to major highways and its well-developed transport network make it an ideal location for companies like Mahindra Logistics to set up their operations.
Mahindra Logistics' continued investment in the region highlights the growing importance of logistics and warehousing in the Indian real estate market. As the demand for efficient supply chain solutions increases, companies are increasingly looking to secure large industrial spaces to meet their operational needs.
This lease agreement is a testament to Mahindra Logistics' strategic approach to growth and its commitment to providing high-quality logistics services to its clients. With a strong presence in Pune and other key industrial hubs, the company is well-positioned to capitalize on the growing opportunities in the logistics sector.
Frequently Asked Questions
What is the size of the industrial space leased by Mahindra Logistics near Pune?
Mahindra Logistics has leased 2.97 lakh square feet of industrial space near Pune.
What is the monthly rent for the leased space?
The monthly rent for the leased space is ₹71.37 lakh.
For how long has the lease been signed?
The lease has been signed for a period of five years.
Who owns the property leased by Mahindra Logistics?
The property is owned by Gauri Vijaya Induslog Park.
What is the location of the leased property?
The leased property is located at Sudhawadi on the Talegaon-Chakan Highway near Pune.
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