Rs 1.2 cr monthly rent! Mahindra Logistics inks 5-yr pact for Pune facility

Mahindra Logistics, the third-party logistics (3PL) arm of the Mahindra Group, has signed a five-year lease agreement for 4,75,742 square feet of warehousing space in Pune’s Khed industrial hub, strengthening its presence in India’s growing logistics and supply chain sector.

According to documents accessed by CRE Matrix, a leading real estate data analytics firm, Mahindra Logistics has leased the prime warehousing facility from Karanje Emerald Logistics Park Pvt Ltd in Karanje Emerald Industrial Park, Village Karanje Vihire, Khed, Pune. The company has paid a security deposit of ₹3.45 crore and will be paying a monthly rent of ₹1.15 crore for the state-of-the-art logistics park.

Key Highlights of the Lease Agreement:
Total Warehousing Space: 4,75,742 sq ft
Monthly Rent: ₹1.15 crore
Security Deposit: ₹3.45 crore
Stamp Duty Paid: ₹18 lakh+
Lease Tenure: 5 years
Lock-in Period: 5 years
License Start Date: January 3, 2025
Rent Start Date: April 3, 2025
This strategic expansion strengthens Mahindra Logistics’ foothold in Pune’s industrial and warehousing sector, which is a key hub for manufacturing, e-commerce, and automotive supply chains. The newly leased industrial park offers modern logistics infrastructure, enabling seamless supply chain operations for Mahindra Logistics and its clients.

The Pune warehousing market has witnessed surging demand due to its connectivity, proximity to Mumbai and key industrial corridors, and increasing investments in supply chain infrastructure. With this new warehousing facility, Mahindra Logistics is poised to enhance its 3PL solutions, catering to India’s booming e-commerce, retail, and manufacturing industries.

Stay updated with the latest developments in India’s supply chain and logistics sector at The Journal of Supply Chain.