Mahindra Logistics Ltd, part of the Mahindra Group’s logistics and supply chain services, has secured over 4.75 lakh sq ft of warehousing space in Howrah district, near Kolkata, through a long-term lease. This transaction is one of the largest logistics leases in eastern India in recent years.
The new lease agreement is for a warehouse in Subharara, Howrah, commencing on April 1, 2025, with a duration of 9 years and 9 months.
The monthly rental cost for the space is Rs 97.72 lakh, equating to Rs 20.60 per sq ft. Additionally, a security deposit of Rs 2.93 crore is included, along with a 4% annual rent escalation throughout the lease, as per documents obtained from Propstack, a real estate data analytics platform.
This newly acquired warehouse aligns with Mahindra Logistics’ ongoing strategy to enhance its presence across major consumption and manufacturing hubs in India. The facility in Howrah will improve the company’s service capabilities in West Bengal, Jharkhand, Odisha, and the Northeast, areas currently experiencing growth in e-commerce, FMCG, and industrial distribution.
Kolkata and the Howrah region are emerging as key logistics clusters due to their connectivity with the National Highway network, Haldia Port, and eastern freight corridors, along with a growing consumer base.
The facility is anticipated to bolster Mahindra Logistics’ regional operations by offering modern, scalable warehousing solutions to meet the growing demand from various sectors.
As of now, RealtyDailyNews’s email inquiry to Mahindra Logistics has not been answered.
According to industry experts, eastern India is becoming increasingly significant in the country’s warehousing sector as businesses seek to diversify their networks beyond traditional hubs like Mumbai, Pune, Bengaluru, and Delhi-NCR. This shift is driven by increased industrial investments, enhanced road infrastructure, and the demand for quicker last-mile delivery in emerging consumer markets.
Leasing activity in the Kolkata area has surged recently, with various third-party logistics and manufacturing firms committing to long-term agreements in Grade A facilities. This trend highlights the growing formalization of the warehousing market and the preference for institutional landlords who provide compliant and efficient spaces.
With this latest transaction, Mahindra Logistics further reinforces its leadership position in India’s organized warehousing sector, supported by rising demand for integrated logistics and supply chain solutions from domestic and international clients.
