Warehousing demand to hit all-time high by year-end: experts
WAREHOUSING & LOGISTICS

Warehousing demand to hit all-time high by year-end: experts

Despite rising raw material costs and global inflationary pressures, demand from consumers has led to a rapid V-shaped recovery with double-digit growth in the warehousing sector. The demand, in fact, is reach all-time highs by the end of the year, say experts.

The first three quarters of this calendar year saw an all-time high net absorption of 28 million sq ft of warehousing space. In comparison, net absorption declined by 12 million sq ft during the pandemic year from pre-pandemic levels.

“A yearly growth of 48 per cent was seen in 2019 with net absorption of about 25 million sq ft, while in the pandemic year of 2020, the net absorption in the first three quarters dropped to 13 million sq ft,” said Chandranath Dey, head of Operations, Logistics & Industrial, JLL India.

However, the sector grew by 45 per cent in the first nine months of this calendar year. Also, net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves, he added.

With the integration of technology and digitalisation, it has become much easier to maintain these facilities and streamline operations, causing a boom in the entire logistics sector, said Harsh V Bansal, Convenor, CII Delhi Sub-committee on Real Estate, Urban Development and Infrastructure.

See also:
Adani Group plans to build six more MMLPs over the next two years
Chetak Logistics green warehouse to serve Tata Motors in Pune


Despite rising raw material costs and global inflationary pressures, demand from consumers has led to a rapid V-shaped recovery with double-digit growth in the warehousing sector. The demand, in fact, is reach all-time highs by the end of the year, say experts. The first three quarters of this calendar year saw an all-time high net absorption of 28 million sq ft of warehousing space. In comparison, net absorption declined by 12 million sq ft during the pandemic year from pre-pandemic levels. “A yearly growth of 48 per cent was seen in 2019 with net absorption of about 25 million sq ft, while in the pandemic year of 2020, the net absorption in the first three quarters dropped to 13 million sq ft,” said Chandranath Dey, head of Operations, Logistics & Industrial, JLL India. However, the sector grew by 45 per cent in the first nine months of this calendar year. Also, net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves, he added. With the integration of technology and digitalisation, it has become much easier to maintain these facilities and streamline operations, causing a boom in the entire logistics sector, said Harsh V Bansal, Convenor, CII Delhi Sub-committee on Real Estate, Urban Development and Infrastructure. See also: Adani Group plans to build six more MMLPs over the next two yearsChetak Logistics green warehouse to serve Tata Motors in Pune

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?