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What is the story about?
DHL Supply Chain India Pvt Ltd is set to spend over ₹110 crore annually on a newly leased large-format warehouse in Bhiwandi, marking one of the most significant logistics real estate commitments this year.
According to CRE Matrix, a real estate data analytics firm, the company has taken 417,735 sq ft of space at One Samruddhi Park in Amane, Thane district, with a starting monthly rent of ₹9.19 crore, translating to ₹22 per sq ft.
The agreement was registered on 7 November 2025 with the landlord, Merriment Properties Private Limited, and includes a security deposit of ₹2.76 crore.
The sizeable annual rental outgo underscores DHL’s scale of operations and the rising importance of the Mumbai Metropolitan Region (MMR) within the company’s national distribution strategy. The Bhiwandi facility sits along the Samruddhi Mahamarg, a high-capacity corridor that has rapidly emerged as a preferred location for logistics and warehousing occupiers due to improved connectivity, availability of large land parcels, and proximity to consumption-heavy markets.
Boost to DHL’s network efficiency
For DHL Supply Chain, the new warehouse is expected to strengthen its capabilities in contract logistics, e-commerce fulfilment, and fast-moving consumer goods (FMCG) distribution. Large-format Grade-A facilities such as this enable 3PL players to run high-density storage operations, deploy automation, and consolidate multiple smaller warehouses into a single, more efficient hub.
Industry experts note that occupiers like DHL are increasingly gravitating toward such mega facilities to improve turnaround time, reduce transport costs, and build resilience in supply chains. The Bhiwandi micro-market, with its direct access to NH-3 and connectivity to both western and central suburbs of Mumbai, has been a strategic node for last-mile and regional distribution.
A positive signal for India’s warehousing sector
The transaction comes at a time when India’s warehousing sector is witnessing accelerated expansion driven by consumption growth, rising e-commerce penetration, and supply chain modernisation. Leasing activity in major hubs—Mumbai, Delhi NCR, Bengaluru, and Hyderabad—has picked up pace through 2025, with large 3PL operators accounting for a dominant share of absorption.
Analysts say the DHL–Merriment Properties deal reinforces two clear sectoral trends: the preference for ready Grade-A stock and the increase in deal sizes as occupiers seek contiguous spaces above 3–4 lakh sq ft. With land costs and construction timelines increasing, developers are also focusing on delivering institutional-grade warehousing parks backed by stronger compliance and infrastructure standards.
The Bhiwandi–Thane cluster, already the largest warehousing market in MMR, is expected to benefit further from ecosystem upgrades, including multimodal logistics parks, expanded highway networks, and deeper integration with the Mumbai–Nagpur Samruddhi corridor.
Leasing momentum likely to sustain
Market watchers believe that the momentum visible in 2025 will continue into 2026 as more global logistics and retail players expand their footprints. Large-ticket deals such as DHL’s are considered a bellwether for sector health, often triggering follow-on leasing by e-commerce, retail, and FMCG occupiers.
With vacancy levels falling in preferred micro-markets and pre-leasing on the rise, developers are expected to accelerate supply pipelines to meet demand from 3PLs and big-box occupiers.
According to CRE Matrix, a real estate data analytics firm, the company has taken 417,735 sq ft of space at One Samruddhi Park in Amane, Thane district, with a starting monthly rent of ₹9.19 crore, translating to ₹22 per sq ft.
The agreement was registered on 7 November 2025 with the landlord, Merriment Properties Private Limited, and includes a security deposit of ₹2.76 crore.
The sizeable annual rental outgo underscores DHL’s scale of operations and the rising importance of the Mumbai Metropolitan Region (MMR) within the company’s national distribution strategy. The Bhiwandi facility sits along the Samruddhi Mahamarg, a high-capacity corridor that has rapidly emerged as a preferred location for logistics and warehousing occupiers due to improved connectivity, availability of large land parcels, and proximity to consumption-heavy markets.
Boost to DHL’s network efficiency
For DHL Supply Chain, the new warehouse is expected to strengthen its capabilities in contract logistics, e-commerce fulfilment, and fast-moving consumer goods (FMCG) distribution. Large-format Grade-A facilities such as this enable 3PL players to run high-density storage operations, deploy automation, and consolidate multiple smaller warehouses into a single, more efficient hub.
Industry experts note that occupiers like DHL are increasingly gravitating toward such mega facilities to improve turnaround time, reduce transport costs, and build resilience in supply chains. The Bhiwandi micro-market, with its direct access to NH-3 and connectivity to both western and central suburbs of Mumbai, has been a strategic node for last-mile and regional distribution.
A positive signal for India’s warehousing sector
The transaction comes at a time when India’s warehousing sector is witnessing accelerated expansion driven by consumption growth, rising e-commerce penetration, and supply chain modernisation. Leasing activity in major hubs—Mumbai, Delhi NCR, Bengaluru, and Hyderabad—has picked up pace through 2025, with large 3PL operators accounting for a dominant share of absorption.
Analysts say the DHL–Merriment Properties deal reinforces two clear sectoral trends: the preference for ready Grade-A stock and the increase in deal sizes as occupiers seek contiguous spaces above 3–4 lakh sq ft. With land costs and construction timelines increasing, developers are also focusing on delivering institutional-grade warehousing parks backed by stronger compliance and infrastructure standards.
The Bhiwandi–Thane cluster, already the largest warehousing market in MMR, is expected to benefit further from ecosystem upgrades, including multimodal logistics parks, expanded highway networks, and deeper integration with the Mumbai–Nagpur Samruddhi corridor.
Leasing momentum likely to sustain
Market watchers believe that the momentum visible in 2025 will continue into 2026 as more global logistics and retail players expand their footprints. Large-ticket deals such as DHL’s are considered a bellwether for sector health, often triggering follow-on leasing by e-commerce, retail, and FMCG occupiers.
With vacancy levels falling in preferred micro-markets and pre-leasing on the rise, developers are expected to accelerate supply pipelines to meet demand from 3PLs and big-box occupiers.
