Leases Innovist 2.6 lakh sq ft warehouse facility in Gurugram at a total rent of Rs 47 crore for 5 years

By Bricksnwall | 2026-09-27

Innovist has leased 2.62 lakh sq ft Warehouse at Horizon Industrial Park, Gurugram, on a five-year lease for ₹27.5 per sq ft per month.

Propstack, a D2C company and the firm behind brands like Bare Anatomy, Chemist at Play and SunScoop, has leased 2.62 lakh sq ft of warehouse space in Gurugram for five years at a total rent of ₹47 crore, property transaction data showed.

The documents reveal that the company has taken premises at Horizon Industrial Park in Bilaspur, Pathredi Village, Manesar Tehsil, Gurugram on a fresh lease from Horizon Industrial Parks Limited.

The lease is effective from 13 March 2026 and relates to a chargeable area of 262,350 sq ft. The company would pay a monthly rent of Rs 72.14 lakh, which translates into a rental rate of Rs 27.5 per sq ft each month. The paperwork based on transaction data showed that the lease has been signed for five years and the total rent payment over the lease period is estimated to be roughly ₹47 crore.

According to the property registration records, Innovist has deposited a security amount of ₹2.88 crore. The rent will climb 5% per annum for the term of the lease under the terms of the deal.

Where's the storehouse?

The warehouse is situated in the Bilaspur-Pathredi industrial belt of Gurugram, a recognized industrial and warehousing hub within the National Capital Region. The purchase follows rising demand for large-format warehouse facilities from consumer-facing enterprises, particularly companies with distribution-intensive D2C and e-commerce models.

Innovist’s portfolio includes consumer brands such as Bare Anatomy, a personal and hair care brand; Chemist at Play, a skincare and personal care products brand; and SunScoop, a sunscreen and skincare brand. The company’s focus on online-first consumer brands has made storage and distribution infrastructure a key aspect of its business.

Emails were sent to Onesto Labs Private Limited (Innovist) and Horizon Industrial Parks Limited. The story will be updated when a reply is received.

L’Oréal has recently bought Innovist in a deal allegedly worth ₹4,000 crore, according to media sources. It was billed as one of the biggest deals in India’s D2C (direct-to-consumer) sector. The acquisition has also put the firm’s portfolio of consumer brands and its growth in the Indian beauty and personal care industry under the scanner.

Source: Hindustan Times