India Warehousing and Industrial sector to reach 516 mn sqft
WAREHOUSING & LOGISTICS

India Warehousing and Industrial sector to reach 516 mn sqft

The total Grade A and B supply in India's Warehousing and Industrial sector is expected to reach 516 million square feet by 2026, according to JLL's H12023 India: Logistics and Industrial State of the Nation study. According to the research, 15 million square feet of additional inventory were added to India's total leasing stock during H12023, bringing it to 344 million square feet. Delhi NCR, Mumbai, and Bengaluru were the major contributors to this supply.

In terms of net absorption or new leases, the top eight cities experienced 15 million square feet in H1 2023. However, India's gross absorption, which includes renewals and churnings, slightly fell from the H1 2022 number of 23 million sq ft to 20 million sq ft.

Notably, the top three locations in terms of demand for H1 2023 were Mumbai, Pune, and Delhi NCR.

Third-party logistics operators accounted for 43% of demand across the top eight cities in the leasing market. This represents a substantial increase from the 35% noted in H1 2022. In contrast, the lease share for the FMCG and retail industry fell from 23% in the same time last year to 15% in H12023. With a 23% share, the Auto & Engineering categories showed considerable growth for light manufacturing leasing.

The total Grade A and B supply in India's Warehousing and Industrial sector is expected to reach 516 million square feet by 2026, according to JLL's H12023 India: Logistics and Industrial State of the Nation study. According to the research, 15 million square feet of additional inventory were added to India's total leasing stock during H12023, bringing it to 344 million square feet. Delhi NCR, Mumbai, and Bengaluru were the major contributors to this supply. In terms of net absorption or new leases, the top eight cities experienced 15 million square feet in H1 2023. However, India's gross absorption, which includes renewals and churnings, slightly fell from the H1 2022 number of 23 million sq ft to 20 million sq ft. Notably, the top three locations in terms of demand for H1 2023 were Mumbai, Pune, and Delhi NCR. Third-party logistics operators accounted for 43% of demand across the top eight cities in the leasing market. This represents a substantial increase from the 35% noted in H1 2022. In contrast, the lease share for the FMCG and retail industry fell from 23% in the same time last year to 15% in H12023. With a 23% share, the Auto & Engineering categories showed considerable growth for light manufacturing leasing.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?