+
Industrial and Logistics sector to grow 26% YOY in FY23
WAREHOUSING & LOGISTICS

Industrial and Logistics sector to grow 26% YOY in FY23

According to CBRE South Asia's latest report, leasing activity in the industrial & logistics (I&L) sector increased by 26% year on year (YoY) in the January-March 2023 period to reach 8 million sq ft.

According to the report titled India Market Monitor Q1 2023, supply increased by 28% year on year to 7.6 million square feet during the quarter.

The leasing of over 1.7 million square feet in the March quarter was led by Delhi-NCR, followed by Hyderabad at over 1.5 million square feet and Ahmedabad at more than 1.2 million square feet. The combined leasing share of these three cities was 54%. The collective share of Chennai, Kolkata and Hyderabad in supply addition stood at 59% during the quarter.

According to the report, third-party logistics (3PL) had a 43% share of the leasing market, while e-commerce firms' share increased to 15% during the period. Retail and engineering and manufacturing firms each accounted for 11% of leasing, followed by automobile and ancillary corporates at 8%. Overall, domestic firms accounted for 61% of leasing, while American corporations accounted for approximately 17%.

Also Read
Mauritius to set up dedicated SEZ for Indian Companies
BMC completes 37 per cent of pre-monsoon desilting work

According to CBRE South Asia's latest report, leasing activity in the industrial & logistics (I&L) sector increased by 26% year on year (YoY) in the January-March 2023 period to reach 8 million sq ft. According to the report titled India Market Monitor Q1 2023, supply increased by 28% year on year to 7.6 million square feet during the quarter. The leasing of over 1.7 million square feet in the March quarter was led by Delhi-NCR, followed by Hyderabad at over 1.5 million square feet and Ahmedabad at more than 1.2 million square feet. The combined leasing share of these three cities was 54%. The collective share of Chennai, Kolkata and Hyderabad in supply addition stood at 59% during the quarter. According to the report, third-party logistics (3PL) had a 43% share of the leasing market, while e-commerce firms' share increased to 15% during the period. Retail and engineering and manufacturing firms each accounted for 11% of leasing, followed by automobile and ancillary corporates at 8%. Overall, domestic firms accounted for 61% of leasing, while American corporations accounted for approximately 17%. Also Read Mauritius to set up dedicated SEZ for Indian Companies BMC completes 37 per cent of pre-monsoon desilting work

Next Story
Infrastructure Urban

Naidu Seeks Rs 563 Crore For AP Sports Infrastructure

Andhra Pradesh Chief Minister N Chandrababu Naidu has sought Rs 563 crore from the Centre to boost sports infrastructure in the state, including Rs 538 crore for stadium development and Rs 25 crore to host the Khelo India Martial Arts Games 2025. Naidu made the request during a meeting with Union Youth Services and Sports Minister Mansukh Mandaviya in New Delhi on Wednesday.The CM urged early completion of Khelo India infrastructure projects in Tirupati, Rajahmundry, Kakinada, and Narasaraopeta, and called for an international-standard badminton training centre and a national aquatic sports hu..

Next Story
Infrastructure Transport

Tough Bidding Norms Slow NHAI Road Project Awards

Stringent bidding rules imposed by the Ministry of Road Transport & Highways (MoRTH) have led to a slowdown in project awards by the National Highways Authority of India (NHAI), despite a robust Rs 3.5 trillion pipeline. According to an HDFC Securities report, the shift to more cautious developer models now favours firms with strong balance sheets, as tighter qualification norms limit aggressive bidders.The revised norms mandate additional performance security, targeting the exclusion of players that previously submitted low bids—often 25 to 40 per cent below NHAI cost estimates—raisin..

Next Story
Infrastructure Transport

Mumbai Gets Coastal Nod for Next Promenade Phase

As Mumbai prepares to open two major sections of its expansive seafront promenade this week, the city’s civic authority has secured a key coastal clearance to advance further construction. The Maharashtra Coastal Zone Management Authority (MCZMA) has approved the commencement of work on the segment between Haji Ali and Baroda Palace, with tendering expected soon after project cost assessments.The promenade, stretching 7.5 km in length and 20 metres wide, is being designed as a flagship open space for walkers, joggers, and cyclists. Two critical stretches—2.75 km from Tata Garden to Haji Al..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?