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

08 Dec 2025

Centre Boosts FPO Growth With New Credit And Market Support

The Government is implementing the Central Sector Scheme on the formation and promotion of 10,000 Farmer Producer Organisations (FPOs), under which all 10,000 FPOs have now been registered. The scheme provides Rs 1.8 million per FPO for three years as management support, a matching equity grant of up to Rs 1.5 million, and a credit guarantee of up to Rs 0.02 billion through eligible lending institutions. It also offers assistance for training, market linkages and alignment with other schemes. FPOs receive support to obtain input licences for seed, fertiliser and pesticide supplies, as well as..

PM-KISAN Drives Farm Income Gains And Rural Stability

The PM-KISAN scheme, a central sector initiative launched in February 2019, aims to support the financial needs of farmers holding cultivable land. Under the scheme, Rs 6,000 per year is transferred in three equal instalments to Aadhaar-seeded bank accounts through Direct Benefit Transfer. Eligibility is based primarily on cultivable landholding, with certain exclusions for individuals of higher economic status. A farmer-centric digital infrastructure ensures scheme benefits reach farmers across India without intermediaries. With full transparency in registration and verification, the Governm..

Govt Extends Pro Tem Security Certificate To Two Years

In a further push to improve ease of doing business and ensure continuity for the telecom industry, the National Centre for Communication Security (NCCS) under the Department of Telecommunications has extended the validity of the Pro Tem Security Certification from six months to two years. The Pro Tem Certification, initially launched in October 2024 with a six-month validity, was designed to prevent business disruption for IP Router and Wi-Fi CPE products, which became subject to mandatory security certification from 1 October 2024. Under this certification, OEMs submit a declaration confirm..