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India’s Warehousing Market Crosses 400 Million Sq Ft Grade A Stock in CY’25

India’s Warehousing MarkeT 2025

India’s warehousing market reached a major milestone in CY’25. According to the latest Grade A India Warehousing Report – Q4 CY’25, it highlights strong growth in the logistics sector. The report was released by CRE Matrix with CREDAI National.

The report shows that Grade A and A+ warehouse stock in India has crossed 401.8 million sq ft. This reflects the fast growth of modern logistics infrastructure in the country. Many companies are expanding their supply chains. As a result, demand for warehouses continues to rise.

Logistics firms, manufacturing companies, and e-commerce players are driving this demand. Therefore, developers are building more Grade A warehouses across major logistics hubs.

India’s Warehousing Market Performance in CY’25

India’s warehousing market saw strong activity in CY’25. Total leasing demand reached 73.2 million sq ft during the year. This shows a 23 percent increase compared to last year.

Meanwhile, developers also increased construction. Total supply reached 56.3 million sq ft in CY’25. This represents a 39 percent year-on-year increase.

However, the market remained stable. Demand stayed higher than new supply. The demand-to-supply ratio stood at 1.3X during the year.

At the same time, vacancy levels improved. Vacancy declined to 6.6 percent across the top seven cities. Moreover, 3PL logistics, manufacturing, and automotive sectors drove most of the demand.

India’s Warehousing Market City-Wise Trends

India’s warehousing market is supported by several major logistics hubs. Each city contributes to the development of modern supply chains across the country.

Pune

Pune emerged as the largest warehousing market in CY’25. The city accounted for about 21 percent of total demand and around 23 percent of supply across India. Moreover, strong industrial activity continues to support warehouse development in locations such as Chakan, Talegaon, and Ranjangaon.

NCR

NCR remains one of the most important logistics markets in India’s warehousing market. The region contributed around 20 percent of total demand and about 20 percent of supply in CY’25. Meanwhile, major warehouse clusters are located in Gurugram, Manesar, Bhiwadi, and Dadri.

MMR

The Mumbai Metropolitan Region continues to be a major warehousing hub. This is mainly due to its strong consumption base and port connectivity. As a result, MMR accounted for about 15 percent of total demand and around 16 percent of supply in CY’25. Locations such as Bhiwandi, Kalyan, and Navi Mumbai remain key logistics centres.

Bengaluru

Bengaluru also continues to see strong demand in India’s warehousing market. This growth is supported by e-commerce expansion and rising consumption. Similarly, the city accounted for around 15 percent of demand and about 17 percent of supply in CY’25. Major logistics clusters include Hoskote, Hosur Road, and Nelamangala.

Chennai

Chennai remains an important logistics hub in South India. The city contributed about 7 percent of demand and around 7 percent of supply in CY’25. Moreover, strong manufacturing activity supports warehouse demand in areas such as Sriperumbudur and Oragadam.

Hyderabad

Hyderabad is a fast-growing logistics market. The city accounted for around 3 percent of total demand and about 7 percent of supply in CY’25. Meanwhile, key logistics locations include Patancheru, Shamshabad, and Medchal.

Ahmedabad

Ahmedabad is emerging as a regional logistics hub in western India. The city contributed around 3 percent of total demand and about 3 percent of supply in CY’25. Therefore, industrial growth and regional connectivity continue to support warehouse development.

Future Outlook for India’s Warehousing Market

India’s warehousing market is expected to grow steadily in the coming years. Demand for modern logistics facilities continues to increase across major markets. In fact, the report shows that leasing demand grew by 23 percent in CY’25.

At the same time, vacancy levels are improving across key cities. Vacancy has declined to 6.6 percent across the top seven warehousing markets. As a result, this indicates steady absorption of Grade A warehouse space.

Moreover, rising consumption and e-commerce expansion will continue to drive warehouse demand. Developers are also building larger logistics parks across key markets.

Overall, India’s warehousing market will remain an important part of the country’s supply chain and economic growth.

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Navi Mumbai: MMR’s Next Core Commercial Hub

Navi Mumbai as MMR’s Next Core Commercial Hub

Navi Mumbai is rapidly evolving from a satellite city into a key growth engine within the Mumbai Metropolitan Region (MMR). According to CRE Matrix’s latest report, Navi Mumbai Rising: A Comprehensive Perspective on India’s Next Commercial Real Estate Hub, this transformation is being fueled by strong occupier demand, a growing supply of Grade A and A+ office spaces, ESG-compliant developments, enhanced connectivity, and large-scale infrastructure expansion.

From Satellite City to Core Office Market

The report highlights that Navi Mumbai is increasingly being positioned as a core office and employment destination, supported by a strong social and talent ecosystem. A robust education network ensures a scalable talent pipeline, while improved liveability helps employers attract and retain skilled professionals.

Residential expansion, retail growth, and a growing concentration of data centres further strengthen Navi Mumbai’s ability to function as a comprehensive business hub.

Infrastructure Catalysts Driving Growth

Navi Mumbai’s commercial ascent is being propelled by major infrastructure projects under the Mumbai 3.0 initiatives. Key developments include:

  • Navi Mumbai International Airport
  • Jawaharlal Nehru Port Trust (JNPT)
  • Metro corridors and the Katai Naka Tunnel
  • Atal Setu connectivity

These projects are reducing commute times and integrating Navi Mumbai more closely with Mumbai’s core economy, creating a seamless growth corridor.

Abhishek Kiran Gupta, CEO & Co-founder of CRE Matrix, stated that the next phase of commercial real estate growth in the MMR will be driven by Navi Mumbai, anchored on three key pillars—GCCs, green buildings, and gigawatts—positioning it as a large-scale institutional-grade business destination.

He highlighted that the city’s growth is strongly backed by data, including a 21% rental advantage attracting global capability centres, 23.5 msf of green building development, 628 MW of live IT load across 7.5 msf of data centres, and a robust 3,400+ MW upcoming data centre pipeline.

Residential and Ecosystem-Led Growth

Beyond offices, Navi Mumbai’s expansion is increasingly ecosystem-driven. From 2020 to 2025, the city recorded 13,205 housing units sold and 24,163 units supplied, with premium and luxury segments dominating sales. Over half of the homes sold exceeded 700 sq ft, indicating workforce stability and aspirational demand.

Cost Advantage and Green Office Stock

Navi Mumbai is emerging as a cost-competitive office destination, attracting multinational companies and Global Capability Centres (GCCs). Average office rentals in the city are around ₹70 per sq ft per month, which is approximately 21% lower than the average rents in Tier-1 markets.

This pricing advantage, combined with improving infrastructure and connectivity, is drawing corporate occupiers looking to optimise real estate costs while remaining close to Mumbai’s business ecosystem. Despite the affordability, the market has shown healthy momentum, with office rents growing at a compound annual growth rate (CAGR) of about 5.1% over the past three years, indicating stable and sustained demand.

The city currently has around 32.7 million sq ft of prime office stock with nearly 430 occupiers across key micro-markets. In addition, about 23.5 million sq ft of new office supply is expected by 2031, which will further expand the commercial landscape.

Sustainability is another defining feature of the market, with around 72% of the Grade A and A+ office stock being green-certified, among the highest shares in India. North Navi Mumbai currently leads the under-construction pipeline of green office developments, reinforcing the region’s shift toward sustainable and future-ready workspaces.

Emerging Data Centre Hub

The city is also emerging as a major data centre hub, with:

  • 628 MW operational IT load across 7.5 million sq ft of data centre space
  • Ranking third in Asia by operational IT load
  • Projected to reach 3,400+ MW by 2035, positioning Navi Mumbai as Asia’s next data centre capital

Notably, about 77% of operational capacity is occupier-owned, highlighting strong institutional interest.

Liveability and Demographics

Navi Mumbai’s appeal is further enhanced by:

  • 41% lower congestion compared to Mumbai
  • Better air quality and less crowded public transport
  • Housing costs are 20–30% lower than in the core Mumbai regions
  • Predominantly middle-income population, supporting stable consumption and workforce

Large-Scale Infrastructure Investment

Infrastructure investment continues to drive growth:

  • Rs 80,000 crore invested in transformational projects like the Navi Mumbai International Airport, expected to generate 50,000+ jobs
  • Rs 95,000 crore invested in roads across 200 km of upcoming corridors

With robust infrastructure, a skilled talent pool, cost advantages, and a growing green and digital footprint, Navi Mumbai is moving from potential to performance. It is rapidly becoming the preferred destination for office leasing, large-scale investments, and the next core commercial hub of the Mumbai Metropolitan Region.

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Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services has expanded its India operations with a large office lease in Hyderabad. The US-based insurer’s India arm has taken 1.59 lakh sq ft of office space in Gachibowli, one of the city’s key IT corridors. The deal comes with a monthly rent of ₹92.28 lakh, according to lease documents accessed by CRE Matrix.

The office is located in Kalyani Trident and spans the 21st and 22nd floors. Hartford will pay ₹44.48 lakh per month for 76,701 sq ft on the 21st floor. Additionally, it will pay ₹47.79 lakh per month for 82,406 sq ft on the 22nd floor.

Lease Structure, Rentals, and Key Terms

The rent works out to ₹58 per sq ft per month across both floors. Hartford has paid a security deposit of ₹5.53 crore as part of the agreement.

The lease runs for five years with a three-year lock-in period. Moreover, the agreement includes a 15% rent escalation every three years. The company also secured 213 car parking slots, each charged at ₹3,500 per car per month.

The lease was officially registered on December 9, 2025, and Hartford paid a stamp duty of ₹14 lakh.

Hartford will begin paying rent for the 21st-floor space from March 1, 2026. Meanwhile, rent payments for the 22nd-floor premises will start from September 1, 2026.

Gachibowli’s Growing Appeal

Gachibowli continues to attract global occupiers. The micro-market benefits from steady demand from global capability centres, IT firms, and financial services companies. It also offers Grade A office developments, strong road connectivity via the Outer Ring Road, upcoming metro links, and easy access to the international airport.

As a result, Gachibowli remains a preferred destination for large, long-term office leasing deals.

Recent Transactions

Recent office transactions in Hyderabad reflect steady occupier confidence across key IT corridors. Large leasing deals by global firms highlight sustained demand for Grade A spaces, flexible lease structures, and well-connected micro-markets such as Gachibowli and Hitec City.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, Facebook India leased 69,702 sq ft office space in Hyderabad’s Hitec City.

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Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Leases 1.45 Lakh Sq Ft Office Space at Mindspace SEZ, Airoli

Wipro Limited has leased a large office space at Mindspace SEZ, Airoli East (MIDC Industrial Area), Navi Mumbai, reinforcing Airoli’s position as a key commercial and IT hub in the Mumbai Metropolitan Region (MMR).

According to documents accessed by CRE Matrix, the space is located in Building No. 4 at Mindspace SEZ, owned by Mindspace Business Parks Private Limited. The lease transaction was officially registered on 29 December 2025.

Key Lease Details

Wipro has leased a total area of 145,157 sq ft, with a starting monthly rent of approximately Rs 97.25 lakh. This translates to Rs 67 per sq ft per month. The agreement includes 97 car parking spaces, supporting large-scale office operations.

The lease tenure is 60 months, with a lock-in period of 36 months. This provides stability for both the lessor and lessee.

Rent Structure and Escalation

The lease agreement includes a handover date of 07 January 2026, with rent commencement scheduled from 01 April 2026. This provides Wipro a rent-free period of 84 days. The contract stipulates an annual rent escalation of 5%. The security deposit stands at Rs 5.83 crore and is subject to a 5% escalation every year, as per the lease terms
In addition, Common Area Maintenance (CAM) charges amount to Rs 12 per sq ft per month. This aligns with prevailing Grade A SEZ office benchmarks in Navi Mumbai.

Strategic Importance of Airoli

Airoli has emerged as a preferred destination for IT and IT-enabled services companies due to its SEZ ecosystem, competitive rentals, robust infrastructure, and strong connectivity to Thane, Navi Mumbai, and Mumbai via road and rail networks. Developments such as Mindspace SEZ have consistently attracted large corporate occupiers looking for scalable, high-quality office spaces.

This transaction highlights sustained occupier demand for Grade A office assets in established business parks. Tenants are increasingly prioritising long-term visibility, predictable lease structures, and operational efficiency.

Market Outlook

Large-format office leasing by established IT majors like Wipro signals renewed confidence in structured office environments, particularly in SEZs offering integrated infrastructure and compliance benefits. With a limited supply of high-quality spaces in prime micro-markets, Airoli remains a strong performer in Navi Mumbai’s commercial real estate landscape.

Recent Transactions

Airoli has witnessed steady commercial leasing activity in recent months, with large corporates opting for Grade A office spaces within SEZ developments. This highlights the micro-market’s attractiveness amid evolving workplace strategies across the Mumbai Metropolitan Region.

In a recent transaction, Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty, acquired Capgemini’s Knowledge Park in Airoli for ₹550 crore.

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Hrithik Roshan’s Parents Lease Commercial Space in Andheri West for ₹14.5 Lakh a Month

Hrithik Roshan’s Parents Lease Commercial Space in Andheri West for ₹14.5 Lakh a Month

Hrithik Roshan’s parents, filmmaker Rakesh Roshan and Pramila Rakesh Roshan, have leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of ₹14.5 lakh, according to documents accessed by CRE Matrix. The deal reflects steady demand for premium retail spaces in established commercial locations across the city.

The property is located at De Mall on Veera Desai Road in Andheri West, a well-known retail and commercial corridor. It offers a carpet area of 6,389.47 sq ft, with the rent working out to around ₹227 per sq ft. This rate aligns with current market levels for quality retail assets in the area.

Key Lease Terms and Timeline

The lease agreement was registered on December 9, 2025, and includes a security deposit of ₹87 lakh. Fabindia Limited also received access to five car parking slots as part of the deal. The landlord handed over the premises on September 1, 2025.

The lease runs for a period of five years. Fabindia has a lock-in period of 15 months, while Rakesh Roshan and Pramila Rakesh Roshan are committed to a full five-year lock-in. As a result, the structure offers flexibility to the tenant and long-term income visibility to the owners.

Structured Rental Escalation

The agreement clearly outlines rental escalation across the lease term. The monthly rent stands at ₹14.5 lakh in the first year. It rises to ₹15 lakh in the second year and ₹16 lakh in the third year. In the fourth and fifth years, the rent increases further to ₹18.4 lakh per month, reflecting confidence in the long-term potential of Andheri West as a retail destination.

Celebrity Interest in Commercial Real Estate

Commenting on the transaction, Abhishek Kiran Gupta, CEO, CRE Matrix, said the deal highlights the growing interest among celebrities in commercial real estate. He noted that prime retail assets offer stable cash flows, predictable returns, and long-term value appreciation, making them an attractive wealth-building option for high-net-worth individuals.

Recent Transactions

Recent office and commercial space deals involving celebrities show a clear shift towards income-generating real estate assets. Increasingly, high-profile investors are choosing premium retail spaces and Grade A offices to secure steady rental income and long-term capital appreciation.

Earlier this year, Bollywood actor Manoj Bajpayee and his wife, Shabana Bajpayee, leased two commercial properties in Andheri West for a monthly rent of ₹10.9 lakh for a five-year term, highlighting the continued appeal of Mumbai’s western suburbs for commercial investments.

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Apple Opens First Store in Noida at DLF Mall of India, Signs ₹65 Crore Lease for 11 Years

Apple Opens First Store in Noida (2)

Apple is set to open its first retail store in Noida on December 11, marking the company’s fifth official Apple Store in India and its second in the Delhi NCR region after Saket. The new outlet is located at DLF Mall of India, one of the country’s largest and most prominent shopping destinations.

According to sublease documents accessed by CRE Matrix, Apple India Private Ltd has leased 8,240.78 sq ft of retail space at the mall for 11 years. The total rental outgo over the full tenure stands at approximately ₹65 crore, reflecting a long-term commitment to the market.

Lease Details

The documents show that Apple has leased six ground-floor retail units at DLF Mall of India, together comprising 8,240.78 sq ft of carpet area. The agreed rental stands at ₹263.15 per sq ft per month. This translates to a monthly rent of around ₹45.3 lakh and an annual rent of about ₹5.4 crore.

Additionally, the lease includes a one-year rent-free period. It also features a 15% rent escalation every three years. Over the full 11-year tenure, the total rent aggregates to ₹64.9 crore. Apple India Private Ltd and Paliwal Real Estate Limited signed the sublease deed on February 25, 2025.

Meanwhile, queries have been sent to Apple India, DLF, and Paliwal Real Estate Limited. The story will be updated if responses are received.

Strengthening Apple’s NCR Presence

With this launch, Apple strengthens its footprint in the Delhi NCR region. The Noida outlet follows the Saket store that opened in 2023. Retail experts say the move signals Apple’s growing confidence in Noida as a high-consumption and high-growth market.

Although rents for smaller stores at DLF Mall of India typically range between ₹500 and ₹700 per sq ft, larger-format stores enjoy pricing advantages. Due to scale and negotiation leverage, brands like Apple secure lower effective rentals. Experts also note that Apple’s Noida rent aligns closely with its Saket store, reinforcing consistency in its leasing approach.

Location Advantage and Catchment

DLF Mall of India spans nearly one million sq ft, making it Noida’s largest mall. It is also more than twice the size of Select Citywalk, Saket. Importantly, it remains the only retail centre of this scale and category in the region.

As a result, the Noida store benefits from a wide regional catchment. This includes Ghaziabad, Greater Noida, South Delhi, Agra, Mathura, and several emerging demand hubs.

Brand Pull Reflected in Leasing Strategy

According to industry observers, Apple’s rental levels reflect more than just location quality. They also highlight the strong footfalls and brand value that Apple brings to large-format malls. In turn, the Noida lease enhances DLF Mall of India’s position as a marquee retail destination in North India.

Overall, with the Noida opening, Apple continues its measured and data-driven retail expansion in India. The strategy balances prime locations, uniform store formats, and long-term lease commitments across key urban markets.

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Current Trends in Commercial Real Estate (CRE) in India

Current Trends in Commercial Real Estate (CRE) in India

India’s Commercial Real Estate (CRE) sector is undergoing a strong growth phase, driven by rising office demand, expanding infrastructure, and stable economic fundamentals. For investors, developers, and occupiers, CRE is becoming one of the most attractive asset classes due to its high yield potential, low volatility, and increasing institutional participation.

This blog covers:

Key drivers fueling India’s CRE boom
Emerging trends across office, retail, warehousing, and mixed-use segments
City-wise performance and hotspots
Risks affecting the sector
The 3–5-year outlook for CRE investors

What’s Driving the CRE Boom in India

Economic Growth & Urbanization

Growth in Urban Population & Tier-2/3 Cities

India’s rapid urbanization is shifting demand toward business districts, IT parks, and commercial hubs. With Tier-2 and Tier-3 cities improving their infrastructure and talent base, they are emerging as the next hotspots for office development and flexible workspaces.

Expansion of Industries and Outsourcing Sectors (IT/ITeS, Retail, Logistics)

Sectors like IT/ITeS, BFSI, GCCs, retail, and e-commerce continue to be the backbone of office demand. Global Capability Centers (GCCs) are expanding, particularly in Bengaluru, Hyderabad, Chennai, Pune, and NCR.

Demand for Flexible Workspaces & Co-Working

Rise of Startups and SMEs — Shift from Traditional Offices

With cost optimization becoming a priority, companies are preferring plug-and-play coworking and managed office spaces. Startups and SMEs are driving this flexible ecosystem.

Influence of the Hybrid Working Model Post-Pandemic

Hybrid models have reshaped office leasing patterns. Demand is now spread across both central business districts (CBDs) and peripheral micro-markets, as seen in Whitefield (Bengaluru) and North Chennai — both witnessing strong quarterly rental growth.

Infrastructure Development & Connectivity

Government Initiatives: Metro, Smart Cities, Road/Rail Connectivity

Large-scale metro expansions, smart city missions, and new expressways (like Dwarka Expressway, Mumbai Coastal Road) are directly enhancing commercial property demand.

Impact on Commercial Property Valuations

Areas with improving connectivity—like NCR’s NH-48 Prime—have seen office rents rise over 16% YoY and a 3-year CAGR of 10.1%, demonstrating strong value creation where infra growth is taking place.

Key Emerging Trends in CRE (2024–2026)

Rise of Logistics & Warehousing Real Estate

E-Commerce Boom & Demand for Storage + Last-Mile Delivery Hubs

Online retail and 3PL logistics companies are aggressively expanding warehousing spaces across Mumbai, NCR, Pune, and Hyderabad.

Incentives for Industrial Parks & SEZs

Government support for logistics parks, free trade zones (FTZs), and industrial corridors is accelerating investor interest.

Shift Towards Grade-A Office Spaces with ESG/Green Certifications

Growing Preference for Energy-Efficient, Sustainable Buildings

Corporates now prefer Grade-A, IGBC/LEED-certified office buildings due to energy efficiency, compliance requirements, and employee well-being.

Demand from Multinational & Large Indian Firms

Fortune 500 companies and GCCs are driving bulk leasing in Grade-A corridors in Bengaluru, Mumbai, NCR, and Hyderabad.

Diversification: Retail, Mixed-Use & Co-Living Developments

Mixed-Use Developments Combining Offices, Retail, F&B, Recreation

Integrated townships and mixed-use business parks are becoming the norm, offering office spaces along with malls, food courts, entertainment, and residential blocks.

Co-Living / Serviced-Apartment Growth in Metros

Cities with strong migrant populations—Bengaluru, Mumbai, Pune, NCR—are seeing rapid expansion in co-living and serviced apartments.

Regional Hotspots & Emerging Cities

Metro Cities vs Tier-2 / Tier-3 Cities

Overview of Metros (Mumbai, Bengaluru, NCR, Pune)

Delhi NCR: Led the country with a 16.4% YoY surge in office rentals between April–June.
Mumbai: Recorded the highest quarterly rental growth of 3.6%, reaffirming its position as India’s most resilient office market.
Bengaluru: Whitefield shows strong momentum as companies shift outside CBDs.
Chennai: Northern suburbs are witnessing increased leasing activity.

Emerging Strength in Cities Like Hyderabad, Ahmedabad, Jaipur, Coimbatore

Improving infrastructure, growing IT presence, and business-friendly policies are boosting these cities’ CRE prospects.

What Makes a City Attractive for CRE Investors

Connectivity, Talent Pool, Business Environment, Policy Incentives

A combination of strong transport networks, skilled workforce, government incentives, and presence of top corporates makes a market favorable for CRE investment.

Challenges & Risks Affecting CRE in India

Regulatory & Compliance Issues

Real Estate Regulations, Approvals, RERA Impact

While RERA has brought transparency, regulatory approval cycles remain slow in several states.

Heterogeneous Tax & Compliance Environment Across States

Tax incentives, stamp duties, and policy rules differ widely across regions.

Economic Cycles & Global Uncertainty

Impact of Global Recession Risks, Interest Rate Fluctuations

Economic uncertainties can delay leasing decisions and slow down new construction.

Vacancy Rates, Rental Yield Pressures

Certain micro-markets continue to face oversupply challenges.

Sustainability & Environmental Considerations

Need for Green Certification, Energy Efficiency, Waste Management

Corporate occupiers increasingly demand buildings that meet sustainability metrics.

Balancing Profitability vs ESG Compliance

Developers often weigh upfront costs vs long-term operational efficiencies.

Outlook: What to Expect in the Next 3–5 Years

Continued Growth in Logistics & Warehousing

Driven by e-commerce and supply chain modernization.

Greater Demand for Hybrid & Flexible Office Spaces

Coworking and managed offices will continue strong leasing momentum.

Rise of Mixed-Use and Integrated Developments

More developers will adopt the work + live + shop format.

Increased Focus on ESG, Tech-Enabled Facilities, and Investor Interest

Smart buildings, automation, energy-efficient designs, and REIT participation will rise.

FAQs About CRE in India

Is investing in CRE a good idea right now in India?

Yes, CRE remains attractive due to stable rentals, strong demand in Grade-A markets, and growth in logistics/warehousing. However, investors should evaluate market risks and the supply-demand balance.

Which cities offer the best returns for CRE investors?

Mumbai, Bengaluru, NCR, Hyderabad, and Pune are top choices. Emerging cities like Ahmedabad, Jaipur, and Coimbatore are gaining traction due to rising infrastructure and business activity.

How does sustainability (green buildings) affect CRE investment value? Green-certified buildings often command higher rentals, lower vacancy, and increased investor preference due to ESG compliance requirements.

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JLL Leases 1.2 Lakh Sq Ft at Prestige Skytech, Hyderabad for ₹64 Lakh a Month

JLL Leases 1.2 Lakh Sq Ft at Prestige Skytech

Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) has leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. The deal highlights growing confidence in the city’s western office corridor.

According to property registration data accessed from CRE Matrix, JLL leased the space from Mrs. Prahathi Madhu at a starting monthly rent of ₹64.13 lakh. The agreement was registered on November 28, 2025, with a security deposit of ₹3.85 crore.

Transaction Details

The lease covers 1,20,993 sq ft at a starting rent of ₹53 per sq ft per month. This translates to a monthly outgo of ₹64.13 lakh. The agreement runs for 60 months and includes a 36-month lock-in period. The deal also provides 134 car parking spaces. In addition, JLL will pay CAM charges of ₹13 per sq ft per month.

The property was scheduled for handover on September 15, 2025. However, the rent will start from April 15, 2026, giving JLL a seven-month fit-out or rent-free period. The lease includes a 15% rental escalation after three years from the rent start date.

Western Corridor Continues to Attract Grade A Demand

The transaction highlights steady demand for Grade A office space in Hyderabad. Emerging micro-markets such as Poppalguda and Gandipet continue to gain traction. Improved infrastructure and close access to the Financial District support this shift.

Large office leases by global real estate firms show that corporate occupiers still prefer long-term, high-quality assets. This trend continues despite the rise of hybrid work models. Hyderabad’s western corridor is now strengthening its position as a key hub for large office mandates and institutional-grade developments.

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Mahindra Logistics Locks 3.28 Lakh Sq Ft Lease in Telangana

Mahindra Logistics Locks 3.28 Lakh Sq Ft Lease in Telangana

Mahindra Logistics Ltd (MLL) continues to accelerate its nationwide growth strategy in 2025, with a clear focus on strengthening its presence beyond traditional metro markets. According to documents accessed by CRE Matrix, MLL has leased 3.28 lakh sq ft of warehousing space in Siddipet, Telangana. The move reflects a calculated push toward emerging industrial corridors and fast-growing Tier-II and Tier-III locations.

The warehousing facility has been leased from Sri Aditya Industrial Logistics Park Private Limited and is located at Baswapuram, Kothur (Mulugu Mandal), Siddipet district. According to lease documents, the agreement spans 60 months, with Mahindra Logistics committing to a monthly rental of ₹6.89 crore. 

This transaction reinforces MLL’s ambition to build a pan-India logistics network that goes beyond established metro hubs. With manufacturing and consumption dispersing into smaller cities, Siddipet’s strategic location offers proximity to growing industrial clusters and improved regional connectivity across Telangana.

Part of a Larger Expansion Playbook

The Siddipet lease is not an isolated transaction but part of an aggressive expansion cycle by Mahindra Logistics throughout 2025. In January, the company leased 4.75 lakh sq ft of warehouse space near Khed, Pune, under a five-year agreement valued at nearly ₹73 crore. Shortly after, MLL added almost 4 lakh sq ft of warehousing capacity in the Northeast, covering key markets such as Guwahati and Agartala.

In another major move, April 2025 saw the logistics major secure a long-term lease for 4.75 lakh sq ft near Kolkata’s Howrah district, one of the largest logistics leasing transactions in eastern India this year. Collectively, these deals reflect a deliberate effort to diversify MLL’s warehousing and distribution footprint across multiple regions — Telangana in the south, Maharashtra in the west, Assam and Tripura in the northeast, and West Bengal in the east.

Riding the I&L Real Estate Upswing

Mahindra Logistics’ expansion comes at a time when India’s industrial and logistics (I&L) real estate sector is witnessing record demand. According to CBRE South Asia, leasing activity across the top eight Indian cities touched 37 million sq ft during January–September 2025, marking a 28% year-on-year growth.

The momentum has been powerful in the first half of 2025, with leasing volumes reaching an all-time high of 27.1 million sq ft. Demand continues to be driven by third-party logistics (3PL) players, e-commerce firms, manufacturing companies, and consumer goods enterprises scaling up their supply-chain infrastructure.

While established hubs such as Delhi-NCR, Bengaluru, and Hyderabad still dominate leasing volumes, Tier-II and Tier-III markets are rapidly gaining traction. This structural shift toward geographically diversified warehousing is reshaping India’s logistics landscape — a trend that Mahindra Logistics appears keen to capitalize on.

The Bigger Picture

The Siddipet warehouse lease underscores Mahindra Logistics’ long-term confidence in India’s evolving supply-chain ecosystem. By aligning its growth strategy with emerging consumption centers and industrial belts, the company is positioning itself to serve clients more efficiently while future-proofing its logistics network in a decentralizing economy.

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Tesla Expands India Presence with 33,000 Sq Ft Lease in Gurugram for Service and Delivery Operations

Tesla Expands India Presence with 33,000 Sq Ft Lease in Gurugram

In a major step towards strengthening its operations in India, global electric vehicle (EV) giant Tesla has leased over 33,000 square feet at Orchid Business Park on Gurugram’s Sohna Road, according to documents accessed by real estate analytics platform CRE Matrix. This marks Tesla’s continued commitment to establishing a robust EV ecosystem in the country.

The lease agreement, signed on July 28 under the name Tesla India Motors and Energy Pvt. Ltd., is valid for nine years with a three-year lock-in period. The facility will serve as a multi-functional centre—housing a service centre, delivery hub, and retail outlet for Tesla’s growing customer base in the Delhi-NCR region.

As part of the deal, Tesla has taken over the entire ground floor of the Orchid Business Park, covering 33,475 sq ft. The monthly rent is set at Rs 40.17 lakh, calculated at Rs 120 per sq ft, with an annual escalation of 4.75%. The automaker has also paid a stamp duty of Rs 20.69 lakh and deposited Rs 2.41 crore as a security deposit. Additionally, Tesla has secured 51 dedicated car parking slots as part of the transaction.

This new Gurugram facility adds to Tesla’s rapidly growing footprint in India. The company is also set to unveil its second showroom in the country on August 11, located at Worldmark 3 in Aerocity, New Delhi, near the IGI Airport. This follows the successful launch of Tesla’s first Indian showroom—a 4,000 sq ft space at Maker Maxity Mall in Mumbai’s Bandra Kurla Complex (BKC).

Earlier in May 2025, Tesla leased over 24,000 sq ft of warehousing space from Lodha Logistics Park in Kurla (West), Mumbai, at a monthly rent starting from Rs 37.5 lakh. That move underlined Tesla’s focus on building a strong backend supply chain to support vehicle delivery and after-sales service in India.

With these strategic leases, Tesla appears to be laying the groundwork for a full-fledged India launch, potentially ahead of local production or larger import volumes. As the country ramps up infrastructure and incentives for EV adoption, Tesla’s moves indicate long-term confidence in the Indian market.

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