Mahindra Logistics leases nearly 3 lakh sq ft industrial space in Pune

Mahindra Group’s logistics and supply chain services arm Mahindra Logistics has picked up nearly 3 lakh sq ft of warehousing space at Sudhawadi, along the Talegaon-Chakan highway near Pune, through a long-term lease agreement spanning over five years.

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, showed the documents accessed through 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, signalling 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.