{"id":2877,"date":"2024-12-14T12:06:00","date_gmt":"2024-12-14T06:36:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2877"},"modified":"2026-05-06T10:42:28","modified_gmt":"2026-05-06T05:12:28","slug":"damco-india-leases-2-43-lakh-sq-ft-warehousing-space-in-bhiwandi","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/damco-india-leases-2-43-lakh-sq-ft-warehousing-space-in-bhiwandi\/","title":{"rendered":"Damco India Leases 2.43 Lakh Sq. Ft. Warehousing Space in Bhiwandi"},"content":{"rendered":"\n

Damco India, a subsidiary of AP Moller-Maersk, has leased a 2.43 lakh sq. ft. warehousing facility in Bhiwandi, further expanding its logistics footprint in one of India\u2019s key warehousing hubs. The transaction was revealed through documents accessed by CRE Matrix<\/a>.<\/p>\n\n\n\n

Deal Highlights<\/strong><\/h2>\n\n\n\n

The lease agreement spans five years, with a starting monthly rent of \u20b947.62 lakh. The security deposit stands at \u20b91.90 crore. Also, the agreement includes a three-year lock-in period, along with a 4% annual rent escalation clause.<\/p>\n\n\n\n

Strategic Importance of Bhiwandi<\/strong><\/h2>\n\n\n\n

Located on the Mumbai\u2013Nashik highway, Bhiwandi has emerged as a critical warehousing and logistics hub. This is due to its proximity to Jawaharlal Nehru Port and key manufacturing clusters. Its connectivity and infrastructure make it a preferred location for large-scale logistics players looking to optimize supply chain efficiency.<\/p>\n\n\n\n

Maersk\u2019s Expanding Warehousing Network<\/strong><\/h2>\n\n\n\n

The move aligns with Maersk\u2019s aggressive expansion strategy in India. In 2022 alone, the company operationalized multiple facilities across key markets, including Pune, Kolkata, and Sikandrabad, along with additional capacity in Bhiwandi.<\/p>\n\n\n\n

Additionally, AP Moller-Maersk strengthened its presence in the National Capital Region with large warehousing assets in Farrukhnagar and Dadri. These locations offer strategic access to industrial corridors, freight corridors, and key multimodal logistics infrastructure.<\/p>\n\n\n\n

Integration of Damco into Maersk<\/strong><\/h2>\n\n\n\n

Damco, once a standalone logistics brand, has now been fully integrated into the Maersk ecosystem. This consolidation reflects Maersk\u2019s shift toward offering end-to-end supply chain solutions, combining shipping, warehousing, and inland logistics under a unified brand.<\/p>\n\n\n\n

Sector Outlook: Rising Demand for Grade-A Warehousing<\/strong><\/h2>\n\n\n\n

India\u2019s Grade-A warehousing segment will see a 15% by 2025. The demand is largely due to the inadequacy of Grade-B and Grade-C facilities to meet modern logistics requirements.<\/p>\n\n\n\n

India\u2019s warehousing sector will reach $2.8 billion in revenues by 2025, driven by rapid growth in e-commerce, FMCG, and organized retail, along with ongoing infrastructure developments such as dedicated freight corridors.<\/p>\n\n\n\n

The lease transaction highlights the growing institutionalization of India\u2019s warehousing sector, with global players like AP Moller-Maersk doubling down on strategically located Grade-A assets. <\/strong>Consequently, Bhiwandi continues to solidify its position as a logistics hotspot, benefiting from strong connectivity, port access, and rising demand from large occupiers.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/strong><\/h2>\n\n\n\n