Adani Logistics, DMart Seal 28-Year Panvel Lease Worth ₹114 Crore

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AuthorKavya Nair|Published at:
Adani Logistics, DMart Seal 28-Year Panvel Lease Worth ₹114 Crore
Overview

Adani Logistics secured a 28-year lease for a Panvel warehouse with Avenue Supermarts (DMart). The deal is projected to generate over ₹114 crore in rental income, highlighting robust demand for Grade A logistics assets and Adani's focus on long-term revenue streams in India's expanding real estate market.

Adani Logistics Ltd. is set to earn over ₹114 crore from a landmark 28-year warehousing lease agreement with Avenue Supermarts Ltd., the operator of the popular DMart retail chain. This long-term deal in Panvel, Maharashtra, signals a significant maturing of India's logistics real estate sector. The transaction, registered on December 24, 2025, involves a substantial 66,250 square feet facility.

Long-Term Lease Secures Major Rental Income

The sub-lease agreement, accessed via real estate analytics firm CRE Matrix, projects total rental payouts of approximately ₹114.2 crore over the full lease term. Adani Logistics will receive a starting monthly rent of ₹20.2 lakh, equating to ₹30.5 per square foot. A key feature of the deal is a six-year lock-in period, offering Adani significant income visibility. Rentals are structured to escalate by 12% every three years, bolstering the contract's lifetime value. Avenue Supermarts has provided a security deposit of ₹1.21 crore.

Panvel: A Strategic Logistics Hub

Panvel has emerged as a prime logistics and warehousing destination within the Mumbai Metropolitan Region. Its strategic location, offering excellent connectivity to the Jawaharlal Nehru Port Authority (JNPA), Mumbai, and Navi Mumbai, alongside crucial road and rail corridors, makes it a preferred choice for major retailers. Industry experts view Avenue Supermarts' 28-year commitment as a testament to its focus on supply-chain efficiency and long-term infrastructure needs, supporting its expanding store network.

Market Dynamics Favor Grade A Assets

Such protracted leases with built-in rent escalations are increasingly common for Grade A logistics properties. This trend is driven by tenants with robust balance sheets and predictable operational demands. Adani Logistics' deal enhances its portfolio of logistics and warehousing assets, aligning with the Adani Group's strategy of building sustained, annuity-style revenue streams. Institutional investors and infrastructure funds are actively pursuing such opportunities, attracted by long lease tenures and blue-chip tenants in a sector fueled by consumption growth. Analysts anticipate sustained leasing activity in India's logistics and industrial segment through 2026.

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