By Arosh John, Founder, John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief, Thane Real Estate News (TREN)
MMR | January 2026
Adani Logistics Limited has entered into a long-term sub-lease agreement with Avenue Supermarts Limited, the operator of the D-Mart retail chain, for a 66,250 sq ft logistics facility in Dhansar, Panvel (Raigad district).
The lease tenure extends to 28 years, signalling a long-horizon commitment to supply-chain infrastructure in the Mumbai Metropolitan Region (MMR). The choice of Panvel aligns with how large retailers build distribution networks—by locking in scalable warehousing nodes that can serve multiple demand basins across Mumbai, Navi Mumbai, Thane, and Pune.
Transaction Overview
- Lessor: Adani Logistics Limited
- Lessee: Avenue Supermarts Limited (D-Mart)
- Asset Type: Logistics/warehousing facility
- Area: 66,250 sq ft (built-up)
- Location: Dhansar, Panvel, Raigad district
- Lease Tenure: 28 years
- Structure: Sub-lease
- Lock-in Period: 6 years
- Escalation Clause: 12% every 3 years
Strategic Context for Adani Logistics
The transaction reinforces Adani Logistics’ focus on developing and leasing institutional-quality logistics assets to strong corporate occupiers. Long-duration leases with established retailers enhance cash-flow visibility and reduce occupancy risk, aligning logistics real estate more closely with infrastructure-style investment characteristics rather than short-cycle commercial leasing.
Retail Supply Chains Drive Long-Term Leasing Decisions
The 28-year lease tenure reflects a broader shift within organised retail, where warehousing is no longer treated as a flexible backend function. Instead, distribution facilities are increasingly viewed as core, long-life operational assets, particularly in regions where land availability and regulatory approvals are constrained.
As consumption-led businesses scale across MMR, logistics hubs like Panvel are becoming structurally embedded within retail expansion strategies.
Why Panvel Continues to Attract Institutional Logistics Demand
Panvel’s appeal as a logistics destination lies in execution rather than proximity alone. It enables efficient movement across multiple urban markets while supporting large-format warehousing requirements. For retailers, long-duration logistics commitments improve supply-chain continuity, reduce last-mile volatility, and support predictable cost planning.
A lease of this length—with a defined lock-in and periodic escalations—signals that the facility is expected to function as a foundational distribution node, not a short-term warehousing arrangement.
Market Insight
This transaction highlights the convergence of retail growth, logistics planning, and regional infrastructure development for the Panvel–Raigad corridor. Such long-term commitments continue to validate its emergence as one of MMR’s most important logistics and warehousing growth zones.
Source: Documents accessed and reviewed via CRE Matrix. This report is based on publicly available transaction data and does not constitute investment advice.
Also READ: DHL Leases 4.17 Lakh Sq Ft Warehouse in Bhiwandi: Reinforcing Thane’s Logistics Dominance
About the Author
Arosh John is the Founder of John Real Estate (MahaRERA Reg. No. A51700001835) and Editor-in-Chief of Thane Real Estate News (TREN). He is widely recognised as a Thane real estate expert, with specialised expertise in premium and luxury resale transactions, villa and large-format residences in Thane, and NRI-focused real estate advisory. With over a decade of on-the-ground transactional experience, Arosh combines market intelligence, regulatory understanding, and deal execution insight to advise buyers, investors, and homeowners across Thane and the wider Mumbai Metropolitan Region.
Disclaimer
This article is published for information and journalistic reporting purposes only. While reasonable care has been taken to ensure factual accuracy, Thane Real Estate News (TREN) has not independently verified all underlying transaction documents directly with the concerned parties, nor conducted any site inspection. This content does not constitute legal, financial, tax, or investment advice. Readers are advised to perform independent due diligence and consult qualified professionals before making any decisions.
