[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.|
Here I have important INDIA real estate news to share with you which is as mention under.
Leasing in Grade A industrial and warehousing spaces touched 10.1 mn sq ft in H12021 across
the top five Indian cities of Bengaluru, Chennai, Delhi NCR, Mumbai, and Pune, a report has
The demand was primarily driven by third-party logistics (3PL) companies, followed by
e-commerce firms which accounted for almost 31% and 22% of the total demand respectively,
Delhi NCR led the leasing activity with a share of about 30.2%, followed by Pune and
Bengaluru with a share of 27.2% and 20.0% respectively. Almost 59% of the total leasing
was in Grade A industrial and warehousing facilities indicating increased inclination for
The average length of warehousing leases is also getting longer, ranging from 6-9 years and
even longer in some cases, the report said.
“Demand for industrial and warehousing space will not only come from e-commerce, 3PLs,
but also from medical suppliers, exporters, and cold storage operators. With same-day delivery
becoming the norm, there will be significant activity in smaller facilities closer to cities, needed
for last-mile delivery. The market will also see sizeable repurposing of defunct spaces into
Grade A industrial spaces,” said Ramesh Nair, chief executive officer, India, and managing
director, Market Development, Asia.
Read more at: https://www.moneycontrol.com/news/business/real-estate/industrial-and-warehousing-spaces-leasing-crosses-10-million-sq-ft-in-h1-2021-colliers-7365741.html
Have a nice day