6.53 Lakh sq ft space leased by Mahindra Logistics
India's leading third-party logistics (3PL) solutions provider, Mahindra Logistics has leased more than 6,53,000 sq ft of warehousing space at Shakti Logistics Park in Bhiwandi near Mumbai for 5 years. The firm will pay a rent of Rs 11.28 crore in the first year and the agreement has a clause to increase the rent by 4.5 percent every 12 months.
Mahindra Logistics has already paid a security deposit equal to three months’ rent of over Rs 2.82 crore to the property owner, RKJ Shakti Logistics Park LLP.
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