Adani Logistics Secures ₹114 Cr Panvel Warehouse Lease with DMart Operator

• Adani Logistics will earn over ₹114 crore from a 28-year warehouse lease with Avenue Supermarts (DMart operator) in Panvel, Maharashtra.
• The 66,250 sq ft facility starts at ₹20.2 lakh/month rent, escalating by 12% every three years, with a six-year lock-in.
• Panvel is a key logistics hub due to its proximity to JNPA and connectivity, attracting major retailers and logistics players.
• The long-term lease reflects DMart's focus on supply-chain efficiency and Adani Logistics' strategy for annuity-style revenue.
• This deal highlights the growing maturity of India's logistics real estate market, attracting institutional investors with long tenures and blue-chip tenants.

Why It Matters: Adani Logistics' long-term Panvel warehouse lease with DMart signals a booming logistics real estate market.