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
Infrastructure Transport

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

Next Story
Infrastructure Transport

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

Next Story
Infrastructure Transport

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App