Mahindra Logistics Secures 3 Lakh Sq Ft of Industrial Space in Pune
Mahindra Logistics has secured nearly 3 lakh sq ft of warehousing space in Sudhawadi, Pune, through a five-year lease, signaling a growing demand for Grade A logistics and warehousing space in the region.
Mahindra LogisticsWarehousingPuneLogisticsReal EstateReal Estate PuneJul 25, 2025
According to the lease agreement, the monthly rental is Rs 24 per sq ft, translating to a total monthly rent of Rs 71.37 lakh. The lease also includes an annual escalation of 5%, and the company has paid a security deposit of Rs 1.26 crore.
The facility is expected to support Mahindra Logistics’ expanding warehousing and distribution operations in western India. The company’s warehouse space under management stands at 21.1 million sq ft. The lease covers a chargeable area of 297,400 sq ft, with a built-up area of 270,364 sq ft, and it commenced on June 1, as shown in documents accessed through the realty data analytics platform Propstack.
This deal adds to the growing list of long-term industrial leases being executed in the region, underlining continued demand for Grade A logistics and warehousing space from third-party logistics providers and manufacturers. ET’s email queries to Mahindra Logistics remained unanswered until the time of going to press.
India’s warehousing and logistics sector continues to see a surge in activity, supported by rising consumption, government-led infrastructure initiatives, and evolving supply chain requirements. Long-duration leases such as this reflect the sector’s growing maturity and occupiers’ long-term confidence.
India’s warehousing and logistics sector is witnessing a surge in large-scale, long-term leasing activity, driven by robust demand from industries such as renewable energy, e-commerce, manufacturing, and third-party logistics. Developers are closing high-value deals, often with long-term tenures, signaling growing confidence in India’s consumption-driven economy and supply chain infrastructure.
These long-term commitments not only provide operational stability to tenants but also reflect the maturing nature of India’s logistics market as it aligns with global standards.
Frequently Asked Questions
What is the total area leased by Mahindra Logistics in Sudhawadi, Pune?
Mahindra Logistics has leased nearly 3 lakh sq ft of warehousing space in Sudhawadi, Pune.
What is the duration of the lease agreement?
The lease agreement spans over five years.
What is the monthly rental per sq ft for the leased space?
The monthly rental is Rs 24 per sq ft.
What is the total monthly rent for the leased space?
The total monthly rent is Rs 71.37 lakh.
What is the total warehouse space under management by Mahindra Logistics?
Mahindra Logistics’ warehouse space under management stands at 21.1 million sq ft.
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