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

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

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.

See also:
Rhenus Logistics upgrades warehouse facility in India
Allcargo Q1 PAT rises over two-fold to Rs 2.8 billion


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. See also: Rhenus Logistics upgrades warehouse facility in IndiaAllcargo Q1 PAT rises over two-fold to Rs 2.8 billion

Related Stories

Gold Stories

Next Story
Real Estate

Anshul Singhal launches Vantrock with Rs 42 billion development plan

Real estate professional Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), a Mumbai-headquartered platform focused initially on warehousing, industrial and logistics parks. The company plans to develop approximately 11.5 million sq ft of assets, with an estimated gross development value (GDV) of Rs 42 billion (approximately USD 434 million) on completion.The first phase will cover around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated development value of Rs 11 billion (approximately USD 113 million). Construction is sched..

Next Story
Infrastructure Transport

Afcons wins CII award for biodiversity management

Afcons Infrastructure has received the Confederation of Indian Industry (CII) National Award for Environmental Best Practices 2026 in the Biodiversity Management category for its work on the Mumbai-Ahmedabad High Speed Rail Project’s C-2 package.The award was presented at a ceremony in Chennai on 9 October 2026. It was received by Mihir Mishra, Vice-President, CPE, and Sumon Paul, Assistant General Manager, HSE, along with the Afcons team.The project adopted several resource recovery and waste management practices. These included recycling concrete washout waste to recover sand, aggregates a..

Next Story
Technology

Indian businesses lead globally in planned AI investment, says Autodesk

Indian organisations are moving towards deeper integration of artificial intelligence (AI), digital technologies and sustainability into business operations, according to Autodesk’s 2026 State of Design & Make report. The fourth edition of the annual study highlights growing AI adoption, measurable outcomes from digital transformation and the role of sustainability in long-term business growth.The report found that 64 per cent of Indian organisations are approaching or have achieved their current AI goals. While 88 per cent believe AI will enhance their industry, up from 78 per cent in 2..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code