From Vision to Reality: India’s Journey to Achieve 516 MSF Warehousing Supply by 2026!
According to the ‘H12023 India: Logistics and Industrial State of the Nation’ report by JLL, India’s total supply of leasing stock reached 344 million square feet (msf) in the first six months of 2023. The cumulative Grade A and B supply in India’s warehousing and industrial sector is expected to reach 516 million square foot (msf) by 2026.
The report further states that around 15 msf of new stock was added in H1 2023 with Delhi NCR, Mumbai and Bangalore accounting for maximum share of the supply.
The growth of the warehousing sector in India is being driven by several factors, including:
- The growth of e-commerce: E-commerce is growing rapidly in India, and this is leading to an increased demand for warehousing space to store goods.
- The growth of the manufacturing sector: The manufacturing sector is also growing rapidly in India, and this is also leading to an increased demand for warehousing space.
- The growth of the logistics sector: The logistics sector is also growing rapidly in India, and this is also leading to an increased demand for warehousing space.
The growth of the warehousing sector is expected to continue in the coming years, driven by these factors. The report also states that Mumbai, Pune and Delhi NCR were the top three locations in terms of demand in H1 2023. With 43% share in the demand, third-party logistical players dominated the leasing and industrial sector across top eight cities.
The growth of the warehousing sector is a positive sign for the Indian economy. It is an indication that the economy is growing and that businesses are investing in infrastructure. The growth of the warehousing sector is also expected to create jobs and boost economic activity.
Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.
