India, Jan. 16 -- DHL Supply Chain India Pvt Ltd has leased a 3.5 lakh sq ft warehousing space near Chennai for a monthly rent of Rs.77 lakh for 11 months, according to documents accessed by Propstack.

The facility is located at Value Spaces Logistics and Industrial Park in Polivakkam, Thiruvallur district, around 47 km from Chennai.

The warehousing space commands a rent of Rs.22 per sq ft per month, with a security deposit of Rs.2.3 crore. The lease officially commenced on December 15, 2025, the document showed. The rent will increase by 5% each year, the Leave and License agreement said.

The fresh lease, covering an 11-month tenure, was registered with Value Spaces Logistics & Industrial Park as the landlord.

The lease officially co...