In a significant move within the logistics and warehousing sector, Mahindra Logistics Limited (MLL) has leased approximately 2.97 lakh sq ft of industrial space near Pune for a monthly rent of ₹71.37 lakh. The lease agreement, registered on June 12, 2025, marks a key expansion step for the company as it strengthens its footprint in a rapidly growing logistics corridor.
Also Read:- Top Developers in Pune: A Comprehensive Guide to the Best Builders in the City
Where is the property located?
The leased property is situated in Sudhawadi, a strategically placed industrial zone along the Talegaon-Chakan Highway—one of Pune’s most prominent logistics and manufacturing belts. The area is well-known for housing large-scale warehousing and industrial facilities, making it a prime location for companies seeking seamless supply chain connectivity.
Who owns the space?
The industrial facility is owned by Gauri Vijaya Induslog Park, a lesser-known but emerging player in the warehousing infrastructure space. While the company did not respond to media queries, its involvement in this high-value transaction puts a spotlight on the growing importance of private logistics parks in India’s supply chain evolution.
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What are the lease details?
- Lease Area: Built-up space of approx. 70 lakh sq ft, with a chargeable area of 2,97,400 sq ft
- Monthly Rent: ₹71.37 lakh (₹24 per sq ft per month)
- Lease Tenure: 60 months (five years), beginning June 1, 2025
- Annual Escalation: 5%, ensuring incremental revenue for the landlord
- Security Deposit: ₹1.26 crore
- Stamp Duty & Fees: Over ₹11 lakh in stamp duty and ₹500 in registration charges
What does Mahindra Logistics say?
A spokesperson from Mahindra Logistics, while declining to comment on the financial specifics, shared that the company now manages over 22 million sq ft of logistics and warehousing space nationwide. “We are continually exploring growth opportunities and remain committed to offering integrated logistics solutions that bring value to our clients and stakeholders,” the spokesperson said via email.
Why is this significant?
This lease not only reinforces Mahindra Logistics’ commitment to scaling its infrastructure but also underlines the increasing demand for Grade-A industrial spaces in Tier-1 fringe areas like Talegaon and Chakan. With e-commerce, manufacturing, and automotive sectors thriving, well-connected industrial zones near Pune are witnessing a surge in long-term leasing activity.
In a significant move within the logistics and warehousing sector, Mahindra Logistics Limited (MLL) has leased approximately 2.97 lakh sq ft of industrial space near Pune for a monthly rent of ₹71.37 lakh. The lease agreement, registered on June 12, 2025, marks a key expansion step for the company as it strengthens its footprint in a rapidly growing logistics corridor.
Also Read:- Top Developers in Pune: A Comprehensive Guide to the Best Builders in the City
Where is the property located?
The leased property is situated in Sudhawadi, a strategically placed industrial zone along the Talegaon-Chakan Highway—one of Pune’s most prominent logistics and manufacturing belts. The area is well-known for housing large-scale warehousing and industrial facilities, making it a prime location for companies seeking seamless supply chain connectivity.
Who owns the space?
The industrial facility is owned by Gauri Vijaya Induslog Park, a lesser-known but emerging player in the warehousing infrastructure space. While the company did not respond to media queries, its involvement in this high-value transaction puts a spotlight on the growing importance of private logistics parks in India’s supply chain evolution.
Also Read:- Exploring the Pune Real Estate Market: Current Market Prices per Square feet
What are the lease details?
- Lease Area: Built-up space of approx. 70 lakh sq ft, with a chargeable area of 2,97,400 sq ft
- Monthly Rent: ₹71.37 lakh (₹24 per sq ft per month)
- Lease Tenure: 60 months (five years), beginning June 1, 2025
- Annual Escalation: 5%, ensuring incremental revenue for the landlord
- Security Deposit: ₹1.26 crore
- Stamp Duty & Fees: Over ₹11 lakh in stamp duty and ₹500 in registration charges
What does Mahindra Logistics say?
A spokesperson from Mahindra Logistics, while declining to comment on the financial specifics, shared that the company now manages over 22 million sq ft of logistics and warehousing space nationwide. “We are continually exploring growth opportunities and remain committed to offering integrated logistics solutions that bring value to our clients and stakeholders,” the spokesperson said via email.
Why is this significant?
This lease not only reinforces Mahindra Logistics’ commitment to scaling its infrastructure but also underlines the increasing demand for Grade-A industrial spaces in Tier-1 fringe areas like Talegaon and Chakan. With e-commerce, manufacturing, and automotive sectors thriving, well-connected industrial zones near Pune are witnessing a surge in long-term leasing activity.
