Amazon leases 154,000 sq ft warehousing centre in Pune for 20 years
WAREHOUSING & LOGISTICS

Amazon leases 154,000 sq ft warehousing centre in Pune for 20 years

Amazon India has leased a 154,000 sq ft warehousing facility in Khed, Pune for a span of 20 years from IndoSpace, an industrial real estate and logistics parks developer. Amazon continues its aggressive expansion of warehousing and logistics capacities.

Amazon leased the space from Rohan Landspace which is an affiliated entity of IndoSpace via their subsidiary Amazon Transportation Services.

Amazon will pay a rent of Rs 5.76 crore in its first year. According to the lease agreement, the rental will continue to increase by 5% each year for the initial five years and after that by 15% for every three years. Amazon will also have a rent-free period of six long months.

The total 20 years lease tenure includes a lock-in period for the initial five years, as per the documents accessed via the real estate data analytics firm, CRE Matrix.

A security deposit of Rs 2.88 crore along with an advanced rental of Rs 1.92 crore (rental of four months) has been paid by Amazon Transportation Services.

According to Amazon Maharashtra is an important state and they continue their infrastructure expansion to support over 100,000 sellers while creating job opportunities for locals in the state.

The company has not yet offered any specific comments on the warehousing facility.

Several e-commerce players such as Amazon have been augmenting their warehousing and logistics capacities for the last two years due to the increase in the home delivery business across India, especially post the Covid-19 outbreak.

Image Source

Also read: Amazon in discussion with DLF to lease office space in Gurgaon

Amazon India has leased a 154,000 sq ft warehousing facility in Khed, Pune for a span of 20 years from IndoSpace, an industrial real estate and logistics parks developer. Amazon continues its aggressive expansion of warehousing and logistics capacities. Amazon leased the space from Rohan Landspace which is an affiliated entity of IndoSpace via their subsidiary Amazon Transportation Services. Amazon will pay a rent of Rs 5.76 crore in its first year. According to the lease agreement, the rental will continue to increase by 5% each year for the initial five years and after that by 15% for every three years. Amazon will also have a rent-free period of six long months. The total 20 years lease tenure includes a lock-in period for the initial five years, as per the documents accessed via the real estate data analytics firm, CRE Matrix. A security deposit of Rs 2.88 crore along with an advanced rental of Rs 1.92 crore (rental of four months) has been paid by Amazon Transportation Services. According to Amazon Maharashtra is an important state and they continue their infrastructure expansion to support over 100,000 sellers while creating job opportunities for locals in the state. The company has not yet offered any specific comments on the warehousing facility. Several e-commerce players such as Amazon have been augmenting their warehousing and logistics capacities for the last two years due to the increase in the home delivery business across India, especially post the Covid-19 outbreak. Image Source Also read: Amazon in discussion with DLF to lease office space in Gurgaon

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code