Mahindra Logistics, the logistics arm of the Mahindra Group, has recently leased nearly half a million square feet of warehousing space in Pune’s Khed locality. This lease agreement, which includes a 5% annual rent escalation and a security deposit equivalent to three months’ rent, is a strategic move to expand the company’s total warehousing portfolio to over 22 million square feet.
The new warehousing facility, located at the Karanje Emerald Industrial Park, will provide Mahindra Logistics with long-term stability and the opportunity to further strengthen its position as a leading third-party logistics provider in India. With the demand for efficient storage and distribution networks on the rise, the company’s expansion in the warehousing sector is a testament to the growth and potential of the logistics industry in the country.
As India’s warehousing sector continues to see rapid growth, driven by e-commerce activity and technology adoption, Mahindra Logistics is well-positioned to capitalize on emerging opportunities and deliver value to its customers and stakeholders. The company’s commitment to innovation and excellence in integrated logistics solutions further solidifies its position as a key player in the evolving logistics landscape.
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