According to www.hindustantimes.com, DHL Supply Chain India Private Limited has leased a 2.4 lakh sq ft commercial property in Hoskote, Bengaluru, for a total rent of ₹35 crore over five years, as confirmed by property registration documents accessed by CRE Matrix.
Lease Terms and Financial Structure
The lease agreement — registered on July 10, 2026 — commenced on August 1, 2026, with rent payments beginning on November 1, 2026. This includes a three-month rent-free period covering August 1 to October 31, 2026. Under the terms, DHL Supply Chain India will pay a monthly rent of ₹56.4 lakh, equivalent to ₹23.50 per sq ft, inclusive of common area maintenance (CAM) charges.
The security deposit for the transaction stands at ₹2.25 crore. The agreement features a three-year lock-in period and stipulates a 4.5% annual rent escalation applied every 12 months after the rent commencement date, resulting in the total committed outlay of approximately ₹35 crore across the full term ending on October 31, 2031.
The property is owned by Saviraj Logistics and located in Ekarajapura village, Hoskote Taluk, within Bengaluru Rural district — an emerging logistics hub benefiting from proximity to major road corridors and regional manufacturing and consumption centers.
Comparative Leasing Activity in South India
This transaction follows other recent large-scale warehousing leases in South India: In April 2026, Amazon Seller Services Private Limited sub-leased 2.78 lakh sq ft in Bengaluru Rural district for a monthly rent of nearly ₹73 lakh; and in March 2026, Hyperpure — the B2B grocery supply arm of Zomato’s parent Eternal — leased over 3.5 lakh sq ft in Chennai at ₹87.46 lakh per month under a lease exceeding nine years.
A separate deal saw DHL Supply Chain India Pvt Ltd lease 4.3 lakh sq ft at Indospace Park, Chennai, for ₹97 lakh per month, while another facility in Bhiwandi near Mumbai covered 4.17 lakh sq ft. These reflect concentrated demand across tier-one logistics nodes in western and southern India.
Nationwide, Mumbai recorded 4.76 million sq ft of warehousing absorption in Q1 2026 — accounting for 42% of total demand across the top seven cities — though activity dipped 14% year-on-year. Meanwhile, Bengaluru absorbed 0.17 million sq ft, a 566% quarterly increase but down 87% year-on-year, underscoring volatility in regional market momentum.
Source: hindustantimes.com
Compiled from international media by the SCI.AI editorial team.
