In a major industrial real estate development, FM India Supply Chain Pvt Ltd, a logistics and warehousing company, has taken on lease 1.31 lakh sq ft of industrial space at Lodha Industrial Park, part of the expansive Palava City township in Thane district, near Mumbai.
According to property registration data accessed via CRE Matrix, the five-year lease deal is valued at over ₹33 crore, highlighting the growing demand for large-scale logistics spaces in the Mumbai Metropolitan Region (MMR).
Also Read: Which Areas in Thane Are Seeing the Highest Property Price Rise?
Lease Deal Details
The leased property belongs to Palava Induslogic 4 Pvt Ltd, a subsidiary of Lodha Developers (now Macrotech Developers).
Key financial details of the transaction include:
- Monthly Rent (Starting): ₹50.37 lakh
- Security Deposit: ₹2.65 crore
- Stamp Duty Paid: ₹1.78 lakh
- Common Area Maintenance (CAM): ₹2.11 crore
- Lease Duration: 5 years
- Rental Escalation: Annual increment clause included
- Effective Rent: ₹31.60 per sq ft per month
The lease was officially registered on October 28, 2025, reflecting a continued trend of logistics and warehousing firms expanding their footprint in the Thane-Bhiwandi belt, which has emerged as a warehousing hub thanks to its strategic proximity to Mumbai, Navi Mumbai, and the JNPT Port.
Nearby Industrial and Commercial Transactions
The Lodha Industrial Park location has seen several large-scale property transactions in recent months, cementing its reputation as one of the most active logistics corridors near Mumbai.
Also Read: Top Developers in Thane 2025 | Housiey
Amazon Data Services’ Big Buy
In November 2024, Amazon Data Services Pvt Ltd purchased a 38-acre land parcel in Ambernath, near Mumbai, from Lodha Developers for a whopping ₹450 crore.
- Stamp Duty Paid: ₹27 crore
- Location: Asode and Burdul villages, Ambernath
The land lies close to Lodha Palava City, emphasizing the area’s increasing attraction for technology and logistics giants alike.
Zomato Hyperpure’s Major Lease
Adding to the momentum, Zomato Hyperpure—the B2B supply chain arm of Zomato—inked a five-year lease in August 2025 for a 2.46 lakh sq ft warehouse at One K Square Logistics Park, Bhiwandi.
- Total Value: ₹43.9 crore
- Monthly Rent: ₹66.21 lakh
- Security Deposit: ₹2.78 crore
- Registration Date: August 26, 2025
These transactions collectively underline the MMR’s evolving role as India’s logistics nerve center, attracting major domestic and international companies looking to streamline their warehousing and distribution operations.
What This Means for the Logistics Landscape
The steady influx of logistics players into Thane, Bhiwandi, and Ambernath signals a strong revival in the industrial and warehousing real estate sector. Strategic infrastructure like the Mumbai-Nashik Expressway, Western Peripheral Expressway, and upcoming metro connectivity has enhanced accessibility, making it a preferred destination for e-commerce, FMCG, and third-party logistics (3PL) companies.
Industry experts believe this leasing trend will continue as developers like Lodha, IndoSpace, and Hiranandani Industrial Parks expand their warehousing portfolios to meet the surging demand for modern, large-format facilities.
