Renewsys India Leases Over 65,000 Sq M Near Mumbai
ECONOMY & POLICY

Renewsys India Leases Over 65,000 Sq M Near Mumbai

Renewsys India Pvt Ltd, a solar photovoltaic module manufacturer, has leased over 65,000 square metres (0.7 Mn square feet) of industrial space in Khalapur, near Mumbai, in one of the largest logistics and warehousing transactions of 2025. The 10-year lease agreement, signed with Indran Logistics Park Pvt Ltd and Ikshita Logistics Park Pvt Ltd, both SPVs sponsored by IndoSpace, comes at a monthly rent of Rs. 14.3 Mn, according to property registration documents accessed by CRE Matrix.

The three leased units include: 12,300 sq m at Rs. 2.71 Mn/month 20,700 sq m at Rs. 4.59 Mn/month 32,000 sq m at Rs. 7.07 Mn/month

The lease includes a five-year lock-in period, with a 15 per cent rent escalation after 36 months, followed by increases every five years. The total security deposit stands at over Rs. 57.3 Mn. The deal was registered on 31 March 2025, with Rs. 21.6 Mn stamp duty and Rs. 90,000 in registration fees. Renewsys is India's first integrated manufacturer of solar PV modules and key components including encapsulants, backsheets, and solar cells.

Source: HT Real Estate News

Renewsys India Pvt Ltd, a solar photovoltaic module manufacturer, has leased over 65,000 square metres (0.7 Mn square feet) of industrial space in Khalapur, near Mumbai, in one of the largest logistics and warehousing transactions of 2025. The 10-year lease agreement, signed with Indran Logistics Park Pvt Ltd and Ikshita Logistics Park Pvt Ltd, both SPVs sponsored by IndoSpace, comes at a monthly rent of Rs. 14.3 Mn, according to property registration documents accessed by CRE Matrix. The three leased units include: 12,300 sq m at Rs. 2.71 Mn/month 20,700 sq m at Rs. 4.59 Mn/month 32,000 sq m at Rs. 7.07 Mn/month The lease includes a five-year lock-in period, with a 15 per cent rent escalation after 36 months, followed by increases every five years. The total security deposit stands at over Rs. 57.3 Mn. The deal was registered on 31 March 2025, with Rs. 21.6 Mn stamp duty and Rs. 90,000 in registration fees. Renewsys is India's first integrated manufacturer of solar PV modules and key components including encapsulants, backsheets, and solar cells. Source: HT Real Estate News

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?