HUL leases 5.93 lakh sq. ft warehouse at Bhiwandi

As part of a long-term contract spanning seven years, Hindustan Unilever Ltd (HUL) has leased out warehousing space in Bhiwandi, spread across an area of 5.93 lakh sq. ft. As per the reports, the HUL has rented the space at an initial monthly rent of INR 1.54 Cr. It is of the biggest agreements for the leasing of warehousing space in Mumbai Metropolitan Region (MMR), in past few years. Bhiwani has evolved as a warehousing hub near Mumbai as many top firms have leased out warehousing space.