In a major logistics real estate transaction near Mumbai, FM India Supply Chain Pvt Ltd has leased 1.31 lakh sq ft of industrial space at the Lodha Industrial Park in Palava City, Thane district, for a total value exceeding ₹33 crore over a five-year term, according to property registration records accessed by CRE Matrix.
The industrial park is owned by Palava Induslogic 4 Pvt Ltd, a subsidiary of Lodha Developers, one of India’s leading real estate developers.
As per the lease agreement, FM India Supply Chain will pay a starting monthly rent of ₹50.37 lakh, backed by a security deposit of ₹2.65 crore. The agreement also includes an annual rental escalation clause, bringing the total lease cost to more than ₹33 crore for the tenure. The rent works out to roughly ₹31.60 per sq ft per month.
The transaction, registered on October 28, 2025, incurred a stamp duty of ₹1.78 lakh. In addition to the rent, the tenant will bear common area maintenance (CAM) charges amounting to over ₹2.11 crore, according to the filings.
This latest deal adds to the growing list of large-scale industrial and warehousing transactions in the Mumbai Metropolitan Region (MMR), underscoring strong demand for logistics and storage infrastructure in the area.
Earlier, Amazon Data Services Pvt Ltd had purchased a 38-acre land parcel from Lodha Developers in Ambernath, near Mumbai, for ₹450 crore in November 2024, according to property records accessed by Propstack. The site, located in Asode and Burdul villages, is situated close to Lodha’s flagship Palava City project. The deal was registered on November 12, 2024, with a stamp duty of ₹27 crore.
Similarly, in August 2025, Zomato Hyperpure, the B2B supply chain arm of Zomato, signed a five-year lease for 2.46 lakh sq ft of warehouse space at One K Square Logistics Park in Bhiwandi, for ₹43.9 crore. The lease, registered on August 26, 2025, stipulates a starting monthly rent of ₹66.21 lakh and a security deposit of ₹2.78 crore.
Together, these transactions highlight the rapid expansion of India’s warehousing and logistics real estate market, with MMR emerging as a preferred hub for e-commerce, supply chain, and tech-driven logistics players.
