+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?