Renewsys India Leases 65,000 Sq M Near Mumbai in One of 2025’s Biggest Warehousing Deals

In one of the largest warehousing and logistics deals of the year, Renewsys India Pvt Ltd, a major player in solar module manufacturing, has leased over 65,000 square metres (or 0.7 million square feet) of industrial space near Mumbai.

The deal was finalized with Indran Logistics Park Pvt Ltd and Ikshita Logistics Park Pvt Ltd, both of which are backed by IndoSpace, one of India’s top industrial real estate developers.

A 10-Year Lease at Rs. 14.3 Mn per Month

The agreement spans three large industrial units in Khalapur and comes with a total monthly rent of Rs. 14.3 million. Here’s how the space is distributed:

1.12,300 sq m – ₹2.71 Mn/month

2.20,700 sq m – ₹4.59 Mn/month

3.32,000 sq m – ₹7.07 Mn/month

The deal was registered on March 31, 2025, and includes a five-year lock-in period. There’s also a 15% rent hike after 36 months, followed by regular increases every five years.

Renewsys Is Making Bold Moves in Clean Energy Manufacturing

Renewsys isn’t just any tenant. It’s India’s first integrated solar photovoltaic module manufacturer, producing everything from encapsulants and backsheets to solar cells. As demand for renewable energy infrastructure rises, especially with India's push for energy security, companies like Renewsys are expanding aggressively—and this move shows they’re preparing for major growth.

Big Numbers Back the Deal

1.Security deposit: ₹57.3 Mn+

2.Stamp duty: ₹21.6 Mn

3.Registration fee: ₹90,000

These figures indicate the scale and seriousness of the lease, pointing to Renewsys’ long-term commitment in this region.

A sign that India’s clean energy sector is scaling up. That major manufacturers are locking in long-term space to ramp up output. And that logistics parks and warehousing are becoming critical pieces in India’s renewable energy puzzle.