Posted on

New Century Sofa India Secures Large Industrial Lease in Tamil Nadu

New Century Sofa India Secures Industrial Lease

IndoSpace, a leading investor, developer, and operator of Grade-A industrial and logistics real estate in India, has signed a major lease with New Century Sofa India. The deal covers 2.72 lakh sq ft at IndoSpace Industrial Park, Oragadam II. The facility is located in Block B, Venbakkam, along the Oragadam–Walajabad Road in Sriperumbudur Taluk, Kancheepuram District.

According to lease documents shared by CRE Matrix, the agreement has a 36-month tenure with a full 36-month lock-in. This structure ensures long-term stability for both parties. The lease also includes a 5% annual rent escalation, offering predictable annuity income for IndoSpace and operational certainty for the tenant.

Phased Possession For Faster Operational Readiness

Notably, the lease covers three buildings within the industrial park. This structure allows New Century Sofa India to plan its operations efficiently. IndoSpace handed over possession on 1 April 2025, enabling early operational preparation. Buildings 1 and 3 had no fit-out period. As a result, the tenant could install machinery and begin operations immediately after handover.

Meanwhile, Building 2 follows a staggered timeline. The lease commencement date was 16 May 2025. The rent commencement date began on 1 October 2025. Consequently, this phased approach offers flexibility. It also aligns rental obligations with operational readiness.

Part of IndoSpace’s Larger Industrial Expansion Strategy

Importantly, this transaction aligns with IndoSpace’s aggressive expansion in Tamil Nadu. The developer has increased its planned capital deployment to ₹4,500 crore for new logistics and warehouse developments. This surge reflects the state’s rapid emergence as a preferred destination for large-scale manufacturing. Strong infrastructure and supportive policies continue to drive this growth.

Global and domestic OEMs such as Hyundai, Nissan, Foxconn, and Pegatron have already announced major expansions in the region. Meanwhile, IndoSpace plays a critical role in supporting these supply chains. It does so by delivering scalable, Grade-A industrial facilities.

Furthermore, the Oragadam deal adds to IndoSpace’s recent leasing momentum. In recent quarters, the company signed large occupiers across multiple locations. These include Relaxo Footwears at Bhaproda (243,549 sq ft), Puma at Luhari IV (around 279,000 sq ft), Inox Solar at Bavla (284,180 sq ft), and a nearly 700,000 sq ft expansion by RenewSys at Khopoli II.

Consequently, industry experts see this sustained leasing activity as a sign of strong demand. Key sectors include consumer goods, retail, electronics, and renewable energy. This demand is driven by India’s expanding consumption base and continued supply chain diversification.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Mahindra Logistics Locks 3.28 Lakh Sq Ft Lease in Telangana

Mahindra Logistics Telangana warehouse lease

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.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Scootsy, Swiggy’s Logistics Arm, Secures ₹20 Lakh/Month Warehousing Space in Bhiwandi

Scootsy leases warehouse in bhiwandi

Swiggy’s logistics subsidiary, Scootsy Logistics Pvt Ltd, has expanded its warehousing footprint in the Mumbai Metropolitan Region by leasing a total of 1.21 lakh sq ft of space in Bhiwandi. The company will pay a combined monthly rent of ₹19.98 lakh for these facilities, according to registration documents accessed by CRE Matrix.

All the spaces are located within Global Logistic Park, a major warehousing hub known for its connectivity and Grade-A infrastructure. The four agreements were registered on October 31, 2025. The rentals commenced on September 1, 2025, with each lease running for a tenure of two years.

The largest of the four leases involves 69,687.5 sq ft taken from Qureshi Massrunisa for a monthly rent of ₹12.1 lakh. This block, comprising units 7, 10, 11, 12, 13, and 14 on the ground floor, is subject to a security deposit of ₹24.2 lakh. Scootsy is paying ₹17.36 per sq ft per month. In another agreement, the company leased 32,387.5 sq ft from Malunge Shivaji Vishnu. This has a monthly rent of ₹4.87 lakh and a security deposit of ₹9.74 lakh. This space includes units 8A, 8B, 8K, 9A, 9B, and 9K on the ground floor. For this, Scootsy will pay ₹15.04 per sq ft per month.

Scootsy also signed a third lease for 7,000 sq ft with Chougle Fya Anjum at a monthly rent of ₹1.15 lakh. It also includes a security deposit of ₹2.31 lakh. This area covers units 9H, 7E, and 11H, where the company is paying ₹16.53 per sq ft per month. The fourth agreement is for 12,300 sq ft taken from Patil Balaram Vitthal at a monthly rent of ₹1.85 lakh. The security deposit is ₹3.70 lakh. This deal includes units 9D and 10C, also located on the ground floor. The rent stands at ₹15.04 per sq ft per month.

All four transactions have a handover date of September 1, 2025. However, Scootsy will receive a 30-day rent-free or fit-out period from that date. The lease structure includes a 12-month lock-in period, after which rentals will escalate by 5 percent. The deal structure reflects a planned distribution and logistics strategy designed to strengthen Swiggy’s backend infrastructure across the Mumbai region.

This warehousing expansion aligns with Swiggy’s broader investment plans for its logistics operations. In February 2025, the company announced a ₹1,000 crore investment into Scootsy Logistics through a subscription to a rights issue. As Swiggy continues to scale its express and same-day delivery network, expanding warehousing capacity in high-demand zones like Bhiwandi is a critical component of its long-term growth strategy.

Recent Transactions

Bhiwandi is seeing steady leasing activity. Major occupiers are expanding their footprint in the region. The latest deal comes from Swiggy’s Scootsy. Additionally, the company has taken multiple warehouses on lease. This strengthens Bhiwandi’s position as a key logistics hub near Mumbai.

In a recent transaction, DHL Supply Chain India Pvt Ltd leased 4.17 lakh sq ft of warehouse space in Bhiwandi. In another transaction,  Zomato Hyperpure secured over 5.5 lakh sq ft in the same location.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

DHL Supply Chain Expands Footprint with Major Warehouse Lease in Bhiwandi

DHL Leases warehouse in Bhiwandi

DHL Supply Chain India Pvt Ltd has strengthened its logistics presence in the Mumbai Metropolitan Region by leasing 4.17 lakh sq ft of warehouse space in Bhiwandi, one of India’s most prominent warehousing hubs. The transaction is valued at over ₹32 crore, as per the property registration documents accessed by CRE Matrix.

The facility is located in One Samruddhi Park, Bhiwandi, strategically positioned near the starting point of the 700 km Mumbai–Nagpur Samruddhi Expressway. This connectivity advantage enhances access to key consumption and manufacturing corridors across Maharashtra.

The facility falls under the ownership of Merriment Properties Private Limited. DHL will pay a starting monthly rent of ₹91.90 lakh with a security deposit of ₹2.76 crore. The deal translates to a starting rent of ₹22 per sq ft. The lease term is 36 months, spanning from October 2025 to September 2028. However, October 2025 will be a rent-free period, with rentals commencing in November.

Additionally, the agreement carries a nine-month lock-in period. The transaction, registered on November 7, 2025, attracted a stamp duty of over ₹9.04 lakh.

Bhiwandi: A Strategic Warehousing Hotspot Near Mumbai

Over the years, Bhiwandi has evolved into one of the most significant warehousing destinations in the Mumbai Metropolitan Region. Additionally, its proximity to key consumption centres such as Mumbai, Thane, and Navi Mumbai makes it a preferred choice for logistics and e-commerce players.

Moreover, the region’s excellent connectivity via the Mumbai–Nashik Highway, Eastern Express Highway, and JNPA port corridor strengthens its role as a central distribution hub. With the upcoming Mumbai–Nagpur Samruddhi Expressway, Bhiwandi is set to gain even greater accessibility, further boosting demand for large-format warehouses.

Consequently, several global occupiers, 3PL providers, and retail companies continue to lease significant warehousing spaces in the area. As a result, Bhiwandi consistently records some of the highest leasing activity in the Mumbai warehousing market, reaffirming its position as a powerhouse in India’s logistics landscape.

Recent Transactions

Mumbai’s warehouse leasing momentum remains strong, supported by sustained demand from logistics, retail, and e-commerce players. Recent big-ticket transactions across Bhiwandi and surrounding micro-markets underline the region’s importance as a central distribution hub.

In a recent transaction, Zomato Hyperpure leased over 5.5 lakh sq ft of warehousing space in Bhiwandi. In another transaction, FM India Supply Chain Private Limited leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park, located in Palava City, Thane district.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Zomato Hyperpure Expands Supply Chain with 5.5 Lakh Sq Ft Lease in Bhiwandi

Zomato Leases Warehouse Space

Zomato Hyperpure, the business-to-business division of Eternal Ltd (formerly Zomato Ltd), has made a significant move to scale its supply chain infrastructure by leasing over 5.5 lakh sq ft of warehousing space in Bhiwandi near Mumbai. According to data from CRE Matrix, the company has paid a security deposit of ₹8.57 crore and stamp duty of ₹26.98 lakh for the lease registration.

The facility, located at Hiranandani Industrial Park, Mauje Pogaon, spans 553,249 sq ft and has been taken on a five-year lease with a 48-month lock-in period. The agreement starts with a monthly rent of ₹1.71 crore and includes a 150-day rent-free period to facilitate fit-out work and operational setup before rent payments commence in full.

This marks Hyperpure’s second major warehousing lease in Bhiwandi within two months. In September, the company took up another 250,000 sq ft facility in the same region. The consistent expansion reflects Zomato’s commitment to building a robust, tech-enabled logistics network to support its fast-growing B2B food supply business.

Bhiwandi has long been a preferred warehousing and logistics hub in the Mumbai Metropolitan Region (MMR). Its connectivity to Mumbai, Thane, and Navi Mumbai, and its proximity to the Mumbai–Nashik Highway and Jawaharlal Nehru Port (JNPT) make it ideal for large-scale occupiers such as e-commerce, retail, and food service companies.

It should be noted that large, structured leases like this underline sustained demand for Grade A warehousing in India. The country’s warehousing sector continues to see robust traction driven by rising consumption, e-commerce growth, and supply-chain consolidation.

As companies prioritize efficiency and scalability, the trend is shifting towards long-term leases in modern, tech-integrated industrial parks. Zomato Hyperpure’s latest move is a clear example of this transformation, where logistics infrastructure becomes a strategic growth enabler, not just a backend function.

With demand from sectors such as manufacturing, retail, and food services continuing to rise, industry watchers expect this momentum to sustain well into the next few years.

Recent Transactions

Mumbai’s warehousing market continues to attract major occupiers, with several large-scale lease deals recently signed across key logistics hubs like Bhiwandi and Panvel. Strong connectivity, rising consumption, and Grade A infrastructure are driving sustained demand from e-commerce, retail, and manufacturing players.

In a recent transaction, FM India Supply Chain Private Limited leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park, located in Palava City, Thane district, near Mumbai.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

FM India Supply Chain Leases 1.31 Lakh sq ft at Lodha Industrial Park near Mumbai for ₹33 Crore

FM India Leases Warehouse space

FM India Supply Chain Private Limited, a leading logistics and warehousing solutions provider, has leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park, located in Palava City, Thane district, near Mumbai. As per documents accessed by CRE Matrix, the transaction is valued at over ₹33 crore, reflecting the rising demand for Grade A industrial and logistics facilities across the Mumbai Metropolitan Region (MMR).

Palava Induslogic 4 Private Limited, a subsidiary of Lodha Developers, owns the leased premises. As per the property documents, the lease agreement was registered on October 28, 2025, with a five-year tenure.

The agreement specifies a starting monthly rent of ₹50.37 lakh and a security deposit of ₹2.65 crore, along with provisions for annual rental escalation. This translates to a rent of approximately ₹31.60 per sq ft per month. The tenant is also liable to pay common area maintenance (CAM) charges amounting to over ₹2.11 crore.

The company paid a stamp duty of ₹1.78 lakh at the time of registration.

Located strategically near major transport corridors and industrial hubs, Lodha Industrial Park in Palava City is emerging as a preferred logistics destination for occupiers seeking high-quality infrastructure, efficient connectivity, and operational scalability.

The transaction further reinforces the strong leasing momentum in the industrial and warehousing segment across MMR, driven by the expansion of e-commerce, 3PL, and manufacturing players.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

IndoSpace Leases Over 700,000 Sq Ft Warehousing Space to RenewSys India

IndoSpace Leases Over 700,000 Sq Ft Warehousing Space

In a landmark development for India’s logistics and warehousing industry, IndoSpace has leased out more than 700,000 sq ft of Grade-A warehousing space to solar PV modules manufacturer RenewSys India Pvt Ltd. The facility is located in Khalapur, near Mumbai. This deal marks the largest logistics transaction of the year so far.

This long-term lease, exceeding 10 years, signals an increasing demand for high-quality logistics infrastructure from India’s green energy sector. To accommodate operational customization, the facility was handed over for fit-outs on March 25, with four months allotted for interior modifications. According to documents accessed through CRE Matrix, the rent commencement date, including a three-month rent-free window, is set for November 25, 2025.

RenewSys India, a leading integrated solar PV modules manufacturer, will pay an initial rental of ₹1.44 crore per month for the facility. The lease agreement includes structured rental escalations – a 15% hike after the first 36 months, followed by a 5% annual increase for the remaining term.

The lease also incorporates a five-year lock-in for IndoSpace and a full-term lock-in for RenewSys. This highlights a strong mutual commitment and operational continuity.

Common area maintenance (CAM) charges have been set at ₹1.06 per sq ft per month, with an annual escalation of 5%. During the fit-out phase, CAM charges are significantly lower, at just ₹0.25 per sq ft per month.

This leasing deal is not just about space – it’s about strategic expansion. RenewSys will use the Khalapur facility as a key logistics hub to support its manufacturing units in Hyderabad, Bengaluru, and Panvel. The company continues to scale its operations to meet both domestic and international solar energy demands.

The deal underlines the growing popularity of India’s warehousing and logistics sector. With industries like renewable energy, e-commerce, manufacturing, and 3PL driving demand, long-term leasing has become more common. This reflects tenant confidence and market evolution.

Backed by favorable government policies, infrastructure upgrades, and a robust consumption-driven economy, India’s logistics sector is now aligning with global standards – ready to power the next wave of industrial growth.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!


Posted on

MRF Leases 3.85 lakh sq. ft Warehousing Space in Pune’s Mawal Area

MRF Leases Warehouse

Indian multinational tyre manufacturing company MRF has secured the lease of 3.85 lakh sq ft of large warehousing space in village Sudvadi, Mawal area of Pune district. The Chennai-headquartered company has signed the lease deal with NDR Tradehouse for an initial monthly rental of approximately Rs 1.05 crore. It also has an escalation clause that will increase the annual rental by 4.5% every year. This suggests that there is a strong demand for warehouse spaces in India’s expanding logistics industry.

As per documents procured from CRE Matrix, this agreement was registered on 18 July for an initial five-year tenure with a provision for its extension of another five years. A lock-in period of three years ensures a minimum commitment from both parties. Additionally, MRF will pay common area maintenance charges of Rs 3.85 lakh per month and has made an upfront security deposit of Rs 3.14 crore, equivalent to three months’ rental payments. This provides financial security to NDR Tradehouse.

One of the unique features of this lease agreement is the provision for MRF to expand its warehousing space by an additional 2 lakh sq ft within three years. If NDR Tradehouse fails to provide this additional space when required by MRF, the lock-in clause will not be binding. 

In recent years, India has experienced a notable surge in the leasing of warehouse facilities. This is mostly due to the swift rise of e-commerce, the imposition of the Goods and Services Tax (GST), and the growing need for effective supply chain management. There has been an increase in warehouse leasing activity in major cities and developing industrial clusters as businesses look to improve distribution networks and optimize logistics.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!