Adani Group’s Logistics Arm Leases Panvel Warehouse to DMart for 28 Years

Adani Group unit Adani Logistics has entered into a long-term warehousing arrangement near Mumbai, strengthening Panvel’s position as a major logistics hub while supporting the expanding supply chain needs of a leading Indian retailer, as per news reports. 

Lease Structure and Financial Terms 

Adani Logistics Ltd has sub-leased 66,250 square feet of warehousing space at Dharna Camp in Panvel, Raigad district, to Avenue Supermarts Ltd for a tenure of 28 years.  

The agreement sets a starting monthly rent of ₹20.20 lakh, with a security deposit of ₹1.21 crore paid by the retailer.  

The sub-lease deed was registered on December 24 and includes a lock-in period of 6 years. Rentals under the contract will escalate by 12% every 3 years over the lease term, as per CRE Matrix report. 

Location Advantage and Market Context 

Panvel has emerged as a preferred destination for large-format logistics facilities within the Mumbai Metropolitan Region, aided by proximity to the Mumbai–Pune Expressway, the Jawaharlal Nehru Port Authority and improving road and rail links.  

The micro-market has seen steady demand from retailers, e-commerce companies and third-party logistics providers seeking distribution centres close to key consumption clusters.  

The 28-year tenure signals a long-term commitment to the location and aligns with the growing trend of extended-duration warehousing deals around Mumbai. 

Read More: DMart Share Price Slips After Q3FY25 Business Update Despite Reporting 13% Revenue Growth! 

Conclusion 

The Panvel sub-lease underscores sustained corporate appetite for long-tenure logistics assets near Mumbai, combining strategic location advantages with predictable, long-term occupancy for both the operator and the retailer. 

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