Responsible for storage facilities of goods, not only does the manufacturing and services sector but the whole economy depends upon the warehousing industry as it is counted as an integral part of import-export activities. The warehousing sector of India is set to cross the 300 million square feet (MSF) mark by 2025, according to a report jointly launched by CREDAI and CRE Matrix. This is due to the rapid industrial growth and emergence of real estate segments in the country.
Currently, the overall Grade A warehousing stock stands at 216.2 MSF. In Q1CY24, India witnessed a 5 per cent increase in rentals, reflecting how India’s warehousing demand continues to surpass supply with the absorption to supply ratio standing at 1.4 in the quarter. Through the nation-wide study, it was noted that Pune and NCR’s contribution to the pan-India Grade A/A+ warehousing demand was 45 per cent, while MMR and NCR jointly had a demand touching 53 per cent in the segment.