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Blue Dart Express Limited has leased a 600,000 sq ft warehouse in Gurugram for nine years, starting mid-June 2025. The lease, with ASD Hotels & Resorts LLP, carries a monthly rent of INR 1.02 crore (USD 122,000) and a security deposit of INR 6.12 crore (USD 738,000), with an annual escalation of 5%. Gurugram dominates warehouse leasing in Delhi-NCR, driven by e-commerce, 3PL, and automobile sectors. The move aligns with a broader trend of rising warehousing demand, increased rents, and appreciating land prices in the region.
Blue Dart Express Limited has expanded its logistics operations by leasing a warehouse in Gurugram spanning 600,000 sq ft for a nine-year term. The facility, situated on Pataudi Road, is owned by ASD Hotels & Resorts LLP. The lease began in mid-June 2025 and covers a chargeable area of 583,660 sq ft, along with a parking area of 118,960 sq ft. Blue Dart has paid a security deposit of INR 6.12 crore (USD 738,000), and the agreement includes an annual rent escalation of 5%. The monthly rent is INR 1.02 crore (USD 122,000). Advertisement
This lease is part of Blue Dart's plan to strengthen its warehousing and distribution network in Delhi-NCR, particularly to meet the growing requirements of e-commerce, third-party logistics providers, and the automotive sector. Earlier this year, CCI Group announced an investment of INR 227 crore (USD 27 million) to develop a 950,000 sq ft Grade A warehouse in Gurugram. IKEA also expanded its operations in North India with a 180,000 sq ft fully outsourced Central Distribution Centre in Farrukhnagar, developed with global logistics provider Rhenus.
According to Cushman & Wakefield, Delhi NCR recorded warehouse leasing of 4.8 million sq ft in the first half of 2025, which was 18% higher than the previous year and 34% higher than the second half of 2024. Gurugram led the leasing activity with a 47% share, followed by Farrukhnagar (27%) and Ghaziabad (19%). E-commerce companies dominated leasing with a 30% share, followed by 3PL firms at 25% and automobile companies at 19%. The increase in leasing activity by e-commerce firms was partly due to the approaching festival season and the closure of long-pending deals.
Warehouse and industrial shed rentals have increased by 3-5% across Delhi NCR, with the Palwal submarket seeing an 11% year-on-year growth in warehouse rents. Land prices across the NCR have risen approximately 15-20% in the past year, with Noida, Greater Noida, and Palwal experiencing more than 40% growth. These trends reflect the rising demand and competitiveness in the logistics real estate market.
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