Mahindra Logistics leases about 300,000 sq ft near Pune
Summary
Mahindra Logistics took a long lease on a warehouse at Sudhawadi on the Talegaon–Chakan road near Pune, per lease documents seen by Propstack.
Key points
- Chargeable area is 297,400 sq ft; built-up area is 270,364 sq ft.
- Rent is ₹24/sq ft a month, about ₹71.37 lakh a month.
- The deposit is ₹1.26 crore, roughly 1.8 months' rent.
- The lease runs over five years with 5% annual escalation.
What it means for Korean companiesChargeable and built-up area can differ by nearly 10%. This deal (₹24, 5% a year) is a useful benchmark for Chakan warehouses.