Logistics firm Nissin ABC has secured a significant warehouse space lease near Gurugram, signing a five-year agreement for 3.85 lakh square feet at a starting monthly rent of ₹65.57 lakh. According to transaction documents with Propstack, the company will pay rent for a chargeable area of 385,704 square feet, translating to a monthly rent rate of ₹17 per square foot. The lease commenced from April 1, 2026, with the agreement covering a five-year period. The warehouse has been leased along Jhajjar-Rewari Road in Haryana from Graas Warehousing Corporation.
The lease agreement includes a security deposit of ₹2.62 crore and incorporates a 5 per cent annual rental escalation clause. The warehouse space has been leased along Jhajjar-Rewari Road in Haryana from Graas Warehousing Corporation. This transaction demonstrates the growing demand for logistics assets in the region, particularly around Gurugram.
The deal reflects continued strong demand in India's warehousing sector, with multiple recent transactions showing robust activity. In April 2026, DHL Supply Chain India leased 97,000 square feet at Plot 1A, Sector 72, Behrampur, from PD Enterprises at a rental rate of ₹22 per sq ft per month, translating to a monthly rent of around ₹21.3 lakh for a three-year tenure. Similarly, TTK Prestige Limited leased 120,125 sq ft in Village Kulana, Jhajjar, from Palra Estate Private Limited at a rental rate of ₹19 per sq ft per month, with a monthly rent of around ₹22.8 lakh for a tenure of 119 months. Earlier, Blue Dart Express Limited had leased a warehouse spanning 6 lakh sq ft in Gurugram for a nine-year term at a monthly rent of ₹1.02 crore.
According to Knight Frank India's report titled India Industrial and Warehousing Market Report – Q1 2026, warehousing transactions across India's eight primary markets totalled 19.3 million sq ft during January–March 2026, registering 15% year-on-year growth. Mumbai led the market during the quarter, with warehousing transactions rising 66% year-on-year to 7.4 million sq ft, reinforcing its position as India's largest warehousing hub. Ahmedabad and Kolkata recorded sharp increases of 92% and 440%, respectively, largely due to a lower base effect. Bengaluru and NCR posted steady growth of 27% and 7%, reflecting stable occupier demand.
