DHL Supply Chain India has leased 2.4 lakh sq ft of warehouse space in Hoskote for about ₹35 crore. The deal includes a monthly rent of ₹56.4 lakh, a 4.5% annual escalation, and a three-year lock-in. The transaction reinforces Hoskote’s rising role as a key industrial hub.
DHL Supply Chain India has leased 2.4 lakh sq ft of warehouse space in Hoskote, Bengaluru, in a deal that highlights continued demand for strategically located logistics facilities around the city. The company will pay a total rent estimated at around ₹35 crore over the five-year lease, according to property registration documents accessed by CRE Matrix.
The property has been leased from Saviraj Logistics and is located in a commercial building in Ekarajapura village, Hoskote Taluk, in Bengaluru Rural district. The location provides the facility with access to key road corridors and Bengaluru’s broader manufacturing and consumption markets.
₹56.4 Lakh Monthly Rent, With Escalation
Under the registered agreement, DHL will pay ₹56.4 lakh per month for the 2.4 lakh sq ft chargeable area, translating to ₹23.50 per sq ft. The monthly rent also includes common area maintenance (CAM) charges. A security deposit of ₹2.25 crore has been agreed as part of the transaction.
The lease was registered on July 10, 2026, and commenced on August 1. However, rent payments begin from November 1, following a three-month rent-free period covering August through October. The agreement also includes a 4.5% annual rent escalation.
The three-year lock-in within the five-year lease provides the landlord with greater income visibility while giving DHL a defined period of operational commitment to the facility.
Hoskote Gains Momentum as Logistics Hub
The transaction comes as Bengaluru’s logistics and warehousing market continues to attract major occupiers. Hoskote, on the city’s eastern outskirts, has increasingly emerged as an industrial and logistics cluster due to its connectivity and proximity to key manufacturing and consumption centres.
The latest lease adds to a series of large warehouse transactions across South India. In April, Amazon Seller Services sub-leased 2.78 lakh sq ft of warehouse space in Bengaluru’s rural district for nearly ₹73 lakh a month. The nine-year agreement also included a rent-free period.
In Chennai, Hyperpure, the business-to-business grocery arm of Eternal, leased more than 3.5 lakh sq ft in March for over nine years at a monthly rent of ₹87.46 lakh. These transactions underline the continued appetite among large occupiers for sizeable, strategically positioned logistics assets.
Bengaluru Still Trails Western Logistics Markets
Despite strong individual transactions, Bengaluru’s overall warehousing absorption remains below leading western markets. According to Vestian data cited in the supplied report, Bengaluru recorded 0.17 million sq ft of absorption in the January-March quarter. While that was a 566% increase from the previous quarter, it represented an 87% decline year-on-year.
Mumbai led the top seven cities with 4.76 million sq ft, accounting for 42% of total demand. Mumbai and Pune together accounted for 81% of leasing activity, underscoring the continued strength of established western logistics hubs.
Still, the DHL transaction points to a broader opportunity for Bengaluru. As e-commerce, manufacturing and organised supply chains expand, well-connected warehousing clusters such as Hoskote could see stronger occupier interest, supporting the city’s next phase of logistics real estate growth.
