FM India Supply Chain Private Limited, a logistics firm, has leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park in Palava City, Thane district, near Mumbai, for five years at a total rent of over ₹33 crore, according to property registration documents accessed by CRE Matrix.
The property is owned by Palava Induslogic 4 Private Limited, a subsidiary of Lodha Developers, it showed.
The lease agreement specifies a starting monthly rent of ₹50.37 lakh and a security deposit of ₹2.65 crore. It also includes a clause for annual rental escalation.
The per-square-foot rent of the leased property translates to approximately ₹31.60 per square foot per month, as per the documents.
The transaction was registered on October 28, 2025 for which a stamp duty of ₹1.78 lakh was paid.
Additionally, the tenant will also pay the common area maintenance (CAM) charges of over ₹2.11 crore, the documents showed.
An email query sent to FM India Supply Chain Pvt Ltd and Lodha Developers did not get any response. The story will be updated if a response is received.
Similar transactions in the vicinity
Amazon Data Services Pvt Ltd, in November 2024, purchased a 38-acre land parcel in Ambernath near Mumbai from the Lodha Developers, for ₹450 crore, according to the property registration documents accessed by Propstack
The land parcel is located in Asode and Burdul villages in Ambernath near Mumbai, according to Propstack.
The transaction was registered on November 12, 202,4, for which a stamp duty of ₹27 crore was paid, according to the documents.
The land parcel is situated near Lodha Developers’ Palava City project, located in Mumbai.
In August 2025, Zomato Hyperpure, the B2B supply chain arm of food tech giant Zomato, secured a five-year lease for 2.46 lakh sq ft of warehouse space in Bhiwandi near Mumbai for ₹43.90 crore, according to property registration documents accessed by Propstack.
The documents showed that the monthly starting rent for the 246,598 sq ft space is ₹66.21 lakh, along with a security deposit of ₹2.78 crore.
The space is located in One K Square Logistics Park in Bhiwandi, for which the transaction was registered on August 26, 2025.