Warehousing transaction volumes scale record high, growing 62 per cent YoY
WAREHOUSING & LOGISTICS

Warehousing transaction volumes scale record high, growing 62 per cent YoY

Warehousing leasing across the top eight markets of India has recorded a historic high in transactions in FY22 at 51.3 million sq ft. Leasing transactions catapulted by 62 per cent YoY surpassing the previous, pre-covid peak, thus setting a fresh benchmark as occupiers revived expansion ...

Warehousing leasing across the top eight markets of India has recorded a historic high in transactions in FY22 at 51.3 million sq ft. Leasing transactions catapulted by 62 per cent YoY surpassing the previous, pre-covid peak, thus setting a fresh benchmark as occupiers revived expansion plans shaking off the last vestiges of the pandemic. While NCR and Mumbai led the market in terms of the overall transaction volumes during FY22, Pune and Hyderabad witnessed the highest percentage growth in annual transacted volumes at 166 per cent and 128 per cent YoY respectively. According to Knight Frank India’s report, ‘India Warehousing Market Report – 2022’, which has also assessed the warehousing activities in 18 secondary markets across India. Almost all sectors have demonstrated phenomenal growth in warehousing demand during FY22. The third-party logistics (3PL) sector, which constituted 31 per cent of all transactions, leased 14.9 mn sq ft of warehousing space, registering a 50 per cent YoY growth. This was followed by ‘other manufacturing’ two sectors and e-commerce. The e-commerce sector grew by 17 per cent YoY in FY22. Shishir Baijal, Chairman and Managing Director, Knight Frank India said, “The high growth rate of organised warehousing sector in India is a result of its rising GDP and consumerism. With warehouse leasing in India surpassing the pre-pandemic level, the sector is poised to take a quantum leap to match its more mature peers around the world. This will be supported by the ever-increasing institutional interest in owning, developing, and operating warehouse assets ensuring professional expertise to direct the course of this growing market as it matures. In terms of investment, the warehousing sector has received private equity of $1.2 billion in H1 2022, as against $1.3 billion that the sector received in the entire year of 2021, adequately demonstrating the confidence global and Indian investors have in the sector’s future.”

Next Story
Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Next Story
Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Next Story
Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement