India's Consumption Boosts Mall and Warehousing Growth
WAREHOUSING & LOGISTICS

India's Consumption Boosts Mall and Warehousing Growth

ICRA, a credit rating agency, projects robust growth in the Indian commercial real estate sector, particularly for mall operators and warehousing players. The surge in consumption across the country is expected to drive occupancy levels in malls and boost demand for warehousing spaces.

According to ICRA, occupancy levels in malls are projected to improve to 78-83% by March 2025, reflecting the resilience of the retail segment despite challenges posed by the pandemic. The increasing consumer spending, coupled with the gradual recovery of the economy, is anticipated to fuel footfall and sales in malls, thereby supporting higher occupancy rates.

The outlook for the warehousing sector also remains positive, with the rise of e-commerce and logistics driving demand for quality warehousing facilities. ICRA expects the warehousing segment to benefit from increased leasing activity and rental rates, supported by growing demand from e-commerce players and third-party logistics providers.

Furthermore, government initiatives such as the implementation of the Goods and Services Tax (GST) and the National Logistics Policy are expected to further boost growth in the warehousing sector by improving logistics efficiency and reducing operational costs.

Overall, ICRA's outlook reflects the optimistic trajectory of the Indian commercial real estate market, underpinned by robust consumption patterns and evolving market dynamics. The continued growth of mall operators and warehousing players underscores the resilience and adaptability of the sector in response to changing consumer behaviour and market trends.

ICRA, a credit rating agency, projects robust growth in the Indian commercial real estate sector, particularly for mall operators and warehousing players. The surge in consumption across the country is expected to drive occupancy levels in malls and boost demand for warehousing spaces. According to ICRA, occupancy levels in malls are projected to improve to 78-83% by March 2025, reflecting the resilience of the retail segment despite challenges posed by the pandemic. The increasing consumer spending, coupled with the gradual recovery of the economy, is anticipated to fuel footfall and sales in malls, thereby supporting higher occupancy rates. The outlook for the warehousing sector also remains positive, with the rise of e-commerce and logistics driving demand for quality warehousing facilities. ICRA expects the warehousing segment to benefit from increased leasing activity and rental rates, supported by growing demand from e-commerce players and third-party logistics providers. Furthermore, government initiatives such as the implementation of the Goods and Services Tax (GST) and the National Logistics Policy are expected to further boost growth in the warehousing sector by improving logistics efficiency and reducing operational costs. Overall, ICRA's outlook reflects the optimistic trajectory of the Indian commercial real estate market, underpinned by robust consumption patterns and evolving market dynamics. The continued growth of mall operators and warehousing players underscores the resilience and adaptability of the sector in response to changing consumer behaviour and market trends.

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?