Adani Logistics Ltd has entered into a long-term warehousing lease with DMart (Avenue Supermarts Ltd) for 66,250 sq ft of space in Raigad district near Mumbai, with total rentals exceeding ₹100 crore over a tenure of nearly 28 years, according to property registration documents accessed by CRE Matrix.

DMart has taken on lease the warehousing space from Adani Logistics Ltd in Panvel at a starting monthly rent of ₹20.20 lakh, along with a security deposit of ₹1.21 crore, as per the documents, according to a report by The Hindustan Times.

The warehouse, measuring 66,250 square feet, is leased for a period of 28 years, along with a six-year lock-in period. The agreement registered on December 24, 2025, includes a rent escalation of 12% every three years, the documents showed.

A stamp duty of ₹57.11 lakh and a registration fee of ₹30,000 were paid for the registration of the transaction, as per the documents.

The agreement mentions that DMart has leased the warehouse space for storage and distribution of furniture, fixtures, groceries, masala, dry fruits, nuts, raisins, vegetables, fruits, oil, ghee, butter, fast-moving consumer goods, electronic home appliances, garments, footwear, luggage, pesticides, among several other items.

The built-up area of the warehouse is 66,250 sq ft, and the carpet area is 53,000 sq ft. The warehouse is built on a plot measuring 55,697 sq m, the documents showed.

Under the agreement, the monthly rent begins at over ₹20 lakh and rises to more than ₹56 lakh by the 28th year of the lease.

Email queries have been sent to Adani Logistics Ltd and Avenue Supermart. The story will be updated if a response is received.

The deal underscores the growing importance of the Panvel–Raigad belt as a strategic logistics hub. The region continues to attract large-scale warehousing and logistics investments due to its proximity to Mumbai, which makes it operationally efficient for retailers and distributors. Improved road connectivity, port access, and the recently commissioned Navi Mumbai International Airport have further enhanced the area’s appeal, positioning it as a preferred destination for large-format retailers and logistics operators, according to CRE Matrix.

The leased facility has a built-up area of 66,250 sq ft and, with this transaction, DMart strengthens its backend supply chain infrastructure close to Mumbai, according to CRE Matrix.

Notable warehouse transactions in the Mumbai Metropolitan Region (MMR) have included DHL Supply Chain India Pvt Ltd, which had leased 4.17 lakh sq ft of warehouse space in Bhiwandi, near Mumbai, for over ₹32 crore, according to property registration documents accessed by CRE Matrix.

The transaction was registered in November 2025, and the property is located in a building named One Samruddhi Park, Bhiwandi, near the starting point of the 700 km-long Mumbai-Nagpur Samruddhi Expressway, according to the documents.

In the same area, Zomato Hyperpure Private Limited, the B2B supply arm of food delivery platform Zomato, leased a large warehouse space measuring 5.53 lakh sq ft in Bhiwandi, for approximately ₹1.7 crore per month, according to documents accessed by CRE Matrix.