India, April 11 -- In one of the largest warehousing and industrial logistics leasing deals, IndoSpace has leased over seven lakh sq ft to RenewSys India Pvt Ltd, a solar photovoltaic module manufacturer, in Khalapur near Mumbai for a 10-year period, with a monthly rent of Rs.1.43 crore, as per property registration documents accessed by CRE Matrix.

The space has been taken on lease through three separate transactions. The documents show that the first unit, measuring 1.32 lakh sq ft, was leased at Rs.27.14 lakh per month. The second unit, measuring 2.23 lakh sq ft, was leased at Rs.45.90 lakh per month, and the third unit, measuring 3.45 lakh sq ft, was rented at Rs.70.73 lakh per month.

While this is one of the largest deals in 2025 s...