India, Nov. 18 -- DHL Supply Chain India Pvt Ltd has leased 4.17 lakh sq ft of warehouse space in Bhiwandi, near Mumbai, for over Rs.32 crore, according to property registration documents accessed by CRE Matrix.

The property is located in a building named One Samruddhi Park, Bhiwandi, near the starting point of the 700 km-long Mumbai-Nagpur Samruddhi Expressway, according to the documents.

The property is owned and leased by Merriment Properties Private Limited, and DHL will pay a starting monthly rent of Rs.91.90 lakh, along with a security deposit of Rs.2.76 crore, as per the documents. The deal values the starting rent at Rs.22 per sq ft, with a 36-month lease term from October 2025 to September 2028. October will serve as a rent-fre...