How to Lease Warehouse to Myntra?
Myntra is India’s top leading fashion e-commerce company. Myntra is based in Bengaluru, Karnataka, India but delivers across 19000 pin codes in the country. The business was established in 2007 to market personalized gifts. As with growing e-commerce demand, warehousing demand is also increasing.
Recent Developments of Myntra Warehouse & Office Space
- Fashion e-tailer in Kolkata Myntra has expanded its nationwide supply chain network and opened a fulfillment center in Kolkata. To dramatically increase capacity for increased storage volumes and further optimize last-mile deliveries, Myntra has established one FC, three mother hubs, 12 satellite hubs, and 171 distribution centers. Myntra has opened a 2 lac sq. ft fulfillment center in Kolkata.
- Myntra has 2.45 lakh square feet of office space, of which 2 lakh square feet are in Bengaluru and Gurgaon. The company is in the process of leasing an additional 4 lakh square feet in Bengaluru. Myntra is adding an extra 7 lakh square feet of warehouse space across Mumbai, Bengaluru, and Gurgaon to its current 7.50 lakh square feet in Bengaluru and Gurgaon.
- Every requirement of the consumer base is met by the warehouse in Mohammadpur, Delhi
Read – How to lease your warehouse to E-commerce companies or Big companies?
GEOTAGGING – MYNTRA
To be able to ship goods to customers from the closest possible locations, including the brands’ own outlets, Myntra is currently testing a technology that will allow it to access inventories in warehouses or the stores of various brands, including Allen Solly, Van Heusen, Louis Philippe, and Puma.
In order to give customers real-time access to products that are closer to them for faster delivery from neighboring outlets or distribution centers, Myntra has digitally connected the stores and warehouses of ten big brands to its website.
REQUIREMENTS OF MYNTRA FOR RENTING A WAREHOUSE
- You ought to obtain NOC for the rental space you are providing.
- The land should be authorized for commercial or warehousing use.
- The structure should have an approved plan.
- Verify the property tax receipt to make sure all payments and obligations are met.
- The roof’s height should range from 28 to 36 feet.
- The process should be simple to complete given the road’s width.
- The area should be close to a road or highway.
CONCLUSION
The demand for warehouse and logistics space for creating back-end infrastructure is predicted to surpass the demand for office space as e-commerce firms continue to explore ways to lower shipping costs and shipping time.
