DHL Leases Rs320 Million Warehouse Space In Bhiwandi

20 Nov 2025 CW Team

DHL Supply Chain India Pvt Ltd has leased 417,000 sq ft of warehouse space in Bhiwandi, near Mumbai, for over Rs320 million, according to property registration documents accessed by CRE Matrix.

The facility, located in One Samruddhi Park in Bhiwandi near the starting point of the 700-km Mumbai–Nagpur Samruddhi Expressway, is owned by Merriment Properties Pvt Ltd. DHL will pay a starting monthly rent of Rs9.19 million, along with a security deposit of Rs27.6 million, the documents show. The agreement values the starting rent at Rs22 per sq ft, with a 36-month lease from October 2025 to September 2028. October will serve as a rent-free month, with rentals beginning in November 2025.

The transaction carries a nine-month lock-in period, and the lease was registered on 7 November 2025. Stamp duty of more than Rs904,000 and a registration fee of Rs500 were paid for the deal.

In September 2025, Zomato Hyperpure Pvt Ltd — the B2B supply arm of Zomato — leased 553,000 sq ft of warehouse space in Bhiwandi for about Rs17 million per month, according to CRE Matrix. The warehouse, leased from Zuijin Developers Pvt Ltd, is to be handed over from 1 September 2025, followed by a 150-day rent-free fit-out period for operational setup.

Bhiwandi sits at the starting point of the 701-km Samruddhi Mahamarg. The Maharashtra government has identified 24 development nodes along the corridor covering agri-processing, industrial estates, tourism and skills hubs. Logistics and warehousing clusters are planned in cities including Nashik, Aurangabad and Bhiwandi to spur investment and job creation, particularly in underdeveloped districts such as Wardha, Washim and Jalna.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..