Adani Logistics has leased a 66,250 sqft warehouse in Panvel to DMart for 28 years, with a starting monthly rent of Rs 20.20 lakh and a 12% escalation every three years. The agreement includes a six-year lock-in period and a Rs 1.21 crore security deposit. This long-term lease highlights Panvel's growing importance as a logistics hub due to its connectivity to major ports and expressways, attracting significant demand from retailers and e-commerce firms. The deal supports DMart's expanding supply chain network and inventory management strategy.