India, July 25 -- Mahindra Logistics Limited has leased 2.97 lakh square feet of industrial space near Pune for a monthly rent of Rs.71.37 lakh for a period of five years, according to property registration documents accessed by Propstack.

According to the documents, Gauri Vijaya Induslog Park owns the property, which is located at Sudhawadi on the Talegaon-Chakan Highway near Pune.

The property covers a built-up area of approximately 2.70 lakh square feet, with a chargeable area of 297,400 square feet. The lease has been signed for a tenure of 60 months (five years), with a monthly rental of Rs.71.37 lakh, translating to Rs.24 per square foot per month, documents show.

The agreement includes a 5% annual escalation clause, ensuring inc...