Hindustan Unilever (HUL), a major consumer products company, leased a 600,000-square-foot warehouse in Bhiwandi, near Mumbai. The Mumbai Metropolitan Region (MMR)'s biggest warehouse transaction in recent years is this 7-year arrangement.

In a significant push to ease traffic on Ghodbunder Road, a notorious bottleneck for motorists traveling from Mumbai, Thane, and beyond toward Nashik, Gujarat, and Konkan, the Mumbai Metropolitan Region Development Authority (MMRDA) has accelerated the development of alternative routes.

Mahindra Logistics opened a 6.5 lakh-square-foot Grade-A warehouse in Bhiwandi, near Mumbai. This facility has 84 docks, a 13-meter clear height, and an 8 MT/M2 load capacity.

Morgan Stanley Real Estate Investing (MSREI) and industrial and logistics real estate developer Prakhhyat Group are developing a 7 lakh square foot warehouse complex in Bhiwandi, near Mumbai.

Mirae Asset, an asset management firm (AMC), bought a 10-acre income-producing warehouse in Bhiwandi, near Mumbai, to join the Indian logistics and industrial real estate industries. Mutual fund firms made their first such investment.

Thane, Palghar, and Bhiwandi will get Rs 2,700 crore in infrastructural projects from the Mumbai Metropolitan Region Development Authority (MMRDA).

Maersk's Damco India has leased a 243,000-square-foot building for five years. CRE Matrix found the plant in Bhiwandi, outside Mumbai.