Mahindra Logistics leases 4.75 Lakh Sqft in Pune's Khed for Rs 730 mn

10 Feb 2025 CW Team

Mahindra Logistics (MLL) has secured a lease for 4.75 lakh sq ft of warehousing and logistics space in Khed, Pune, for approximately Rs 730 million over five years. The property is situated in Karanje Emerald Industrial Park and the lease agreement was formalised on January 20, 2025, with Karanje Emerald Logistics Park as the lessor.

The leasing transaction includes a security deposit of Rs 30.45 million, a stamp duty payment exceeding Rs 1.8 million, and a registration fee of Rs 1,000. The agreed-upon monthly rent for the initial 24 months is Rs 10.15 million, with an annual escalation clause. The lease comes with a five-year lock-in period, and rent payments are scheduled to commence on April 3, 2025.

Mahindra Logistics continues to expand its warehousing footprint, having previously announced an investment of Rs 1.70 billion for a facility in Phaltan, near Pune. The company currently manages over 22.1 million sq ft of logistics space and is actively exploring opportunities for further growth in the sector.

The demand for warehousing and logistics spaces remains strong across major Indian cities. According to a report by Cushman & Wakefield, logistics and industrial (L&I) space leasing is expected to reach 50-53 million square feet in 2024, driven by sustained demand. In 2023, L&I leasing activity stood at 53.57 million sq ft across major hubs such as Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune, and Ahmedabad. By October 2024, leasing volumes had already exceeded 41 million sq ft in these key real estate markets.

News source: Hindustan Times

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..