DMart has leased 66,250 sq ft of warehousing space in Panvel, near Mumbai, from Adani Logistics Ltd for over 100 crore. The 28-year lease agreement, registered on December 24, 2025, includes a starting monthly rent of over 20 lakh with escalations every three years. The space will be used for storing and distributing a wide range of products. This deal highlights Panvel's growing significance as a logistics hub due to its strategic location and infrastructure.