Demand For Industrial, Warehousing Hit Record Of 645 Lakh Sq Ft: Savills India

20 Jan 2025 CW Team

The demand for industrial and warehousing spaces reached an all-time high in 2024 at 645 lakh square feet across major cities, driven by third-party logistics companies, e-commerce players and manufacturing firms, among others, according to Savills India. Real estate consultant Savills India said the absorption or leasing of industrial and warehousing spaces rose by 30 per cent year-on-year to reach 645 lakh square feet in 2024 from 496 lakh square feet in the preceding year. In Tier-I cities, the leasing rose 34 per cent to 497 lakh square feet from 372 lakh square feet. The absorption of industrial and warehousing spaces increased by 19 per cent to 148 lakh square feet from 124 lakh square feet. This remarkable growth was driven by sustained demand from the 3PL and manufacturing sectors, along with a significant uptick in interest from the FMCG, FMCD, and e-commerce segments, the consultant said. Fresh supply jumped 16 per cent to 718 lakh square feet during 2024 from 620 lakh square feet in the preceding year. In tier-I cities, the supply rose 23 per cent to 568 lakh square feet from 462 lakh square feet, but the fresh supply fell 5 per cent in tier-II and III cities to 150 lakh square feet from 158 lakh square feet. Tier-I cities include Ahmedabad, Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune. Tier-II and III cities include Guwahati, Bhubaneshwar, Patna, Hosur, Coimbatore, Rajpura, Lucknow, Jaipur, Nagpur, Surat, Indore, Kochi, Hubli, Vizag, Belgaum and Anantapur.

Technology

02 Apr 2026

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..

Neoterra Developments breaks ground on ELMORA at Jumeirah Garden City

Neoterra Developments has officially commenced construction of its upscale residential tower, ELMORA, at Jumeirah Garden City following a groundbreaking ceremony held in Dubai. The developer confirmed that the project is scheduled for completion in February 2028 and also announced its next residential development in Dubai Production City, which is expected to be launched in Q2 2026.ELMORA, valued at approximately AED 130 million in gross development value (GDV), is being developed in collaboration with GRID, which has been appointed as the project’s Development Lifecycle Management (DLM) par..

Bent Collective Unveils Sculptural Papillon Sofa

Bent Collective has introduced the Papillon Sofa, a sculptural seating piece that combines artistic design with everyday comfort. Defined by a fluid silhouette, the sofa features a gently curved backrest, asymmetrical form, rounded seating, a single rolled arm and sleek legs, creating a soft yet expressive presence for contemporary interiors. Upholstered in a soothing blue tone, the Papillon Sofa is designed to bring a sense of calm, movement and visual lightness to living spaces. Its organic form moves away from rigid lines, reflecting the brand’s focus on furniture that is both i..