Warehousing rents in Mumbai, Bengaluru, NCR up 7.2% in FY'22

23 Aug 2022 CW Team

Warehousing rents in Mumbai, Bengaluru and Delhi-NCR rose by an average 7.2 per cent during the last fiscal on higher demand from third party logistics, ecommerce and manufacturing sectors.

Knight Frank in its Asia-Pacific Logistics Highlights H1 2022’ report said Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square foot per year in the last fiscal, from Rs 243 per sq ft in the previous year.

Warehousing rent in Bengaluru rose 6.4 per cent to Rs 240 per sq ft per year, while in Delhi-NCR it increased by 5.9 per cent to Rs 227.40.

On a 12-month outlook basis, the consultant said the prime logistic rents across Mumbai, Bengaluru and Delhi-NCR are expected to increase on the back of sustained demand from third party logistics, e-commerce and manufacturing sectors.

Shishir Baijal, chairman and managing director, Knight Frank India, said, "Rents for warehouses in India witnessed a substantial growth, signifying resiliency despite supply chain disruptions globally and a slow-down in demand from ecommerce players."

In the second half of 2022, he said the 3PL (third party logistics) players and the manufacturing industry are expected to drive space take-up, while ecommerce players resume expansion plans.

"With the robust growth seen in rents, market balance has tilted in favour of the landlord. The Indian warehouse market, with resilient fundamentals, is poised for sustained growth despite inflationary pressures," Baijal added.

The report tracked prime logistics rents across 17 key APAC cities, which registered an average rise of 3 per cent year-on-year, propelled by Australia, New Zealand, India and Singapore. In H1 2022, all of the 17 cities recorded stable or rising rents in prime warehouse and logistics markets.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..