India’s logistics landscape continues to evolve as major players lock in long-term warehousing capacity near Mumbai. In a recent transaction highlighting this trend, Adani Logistics has sub-leased a large logistics facility in Panvel to Avenue Supermarts, the operator of DMart. The deal reflects the growing importance of the Panvel–Raigad belt as a strategic hub for warehousing.
According to documents accessed by real estate data analytics firm CRE Matrix, the agreement signals a long-term operational commitment by both companies.
Long-Term Sub-Lease Agreement in Panvel
Adani Logistics Limited has entered into a sub-lease agreement with Avenue Supermarts Limited for a property located at Dhansar, Panvel, in Raigad district. The transaction was executed on December 24, 2025.
The leased facility has a built-up area of 66,250 square feet. Therefore, with this move, DMart strengthens its backend supply chain infrastructure close to Mumbai.
Rent and Tenure Signal Strategic Commitment
As per the sub-lease deed, Avenue Supermarts will pay an annual rent of ₹20.20 lakh for the facility. More importantly, the agreement spans a long tenure of 28 years.
This extended lease period underlines a stable, long-term logistics strategy. At the same time, it adds to Adani Logistics’ growing portfolio of leased industrial assets.
Panvel–Raigad Gains Momentum as Logistics Hub
Meanwhile, the Panvel–Raigad region continues to attract large-scale warehousing and logistics investments. Its proximity to Mumbai makes it operationally efficient for retailers and distributors.
Additionally, improving road connectivity, port access, and the recently commissioned Navi Mumbai International Airport have boosted the area’s appeal. As a result, the region is fast emerging as a preferred logistics destination for large-format retailers and logistics operators alike.
Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!