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 ...

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement