DMart (Avenue Supermarts Ltd) has taken a long-term lease on 66,250 sq ft of warehousing space from Adani Logistics Ltd at Dharna Camp in Raigad district (Panvel belt), near Mumbai, with total rental outgo stated as exceeding ₹100 crore over nearly 28 years, as per property registration documents accessed by CRE Matrix.
This agreement provides the retailer with a large fixed-address distribution hub that lies in proximity to the Mumbai market. This market has witnessed sustained interest in companies looking for faster delivery cycles and methods.
Adani Logistics-DMart Deal: The Numbers
- Area leased: 66,250 sq ft
- Lease term: 28 years, with a six-year lock-in
- Registration date: December 24, 2025
- Starting monthly rent: ₹20.20 lakh
- Security deposit: ₹1.21 crore
- Escalation clause: 12% every three years
- Stamp duty & fees: ₹57.11 lakh stamp duty and ₹30,000 registration fee
- Rent trajectory: documents indicate the monthly rent starts at over ₹20 lakh and rises to more than ₹56 lakh by the 28th year
The facility’s built-up area is 66,250 sq ft, while the carpet area is 53,000 sq ft, according to the same set of documents.
What DMart says it will store here
The agreement lists the space as meant for storage and distribution across a wide assortment, ranging from groceries and FMCG to electronics, garments, footwear, and home-related categories, among others . The breadth of categories signals a multi-SKU distribution role rather than a single-product warehouse.
Why this corridor keeps getting attention
CRE Matrix notes that the Panvel-Raigad belt continues to draw large warehousing and logistics commitments because of operational advantages tied to proximity to Mumbai, making it efficient for retail distribution . It also adds that, with this facility, DMart is strengthening its backend supply chain infrastructure close to Mumbai.
Big picture: warehousing demand remains firm
The wider industrials and logistics market has been busy too. According to Savills India figures quoted in the same report, 2025 saw 76.5 million sq ft of annual absorption, an increase of 18.6% on the previous year, which partly explains the trend towards long-term leased space in prime consumer routes.
Also Read: India’s Gig Economy Has Crossed a Line
