Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
“Investment inflows
surged by 203 per cent year on year, driven by the growing demand for
warehouses amid the rapid expansion of the quick commerce sector. As a result,
this surge in demand resulted in a record absorption of 44.9 million sq ft in
2024, marking a 19 per cent increase over the previous year,” the consultant
said.
3PL companies comprised 33 per cent of the total
leasing of warehousing spaces across seven major cities, while engineering and
manufacturing firms consisted of 24 per cent.
Vestian CEO
Shrinivas Rao said India’s position as a key logistics hub is set to strengthen
on the back of positive investor sentiments, announcements in the union budget
for fiscal 2025-26 and robust domestic demand. “The government’s continued focus on mega infrastructure projects is
expected to further propel growth in the warehousing and logistics sector.
However, limited availability of skilled workforce, regulatory challenges, and
land acquisition costs may pose a challenge,” he was quoted as saying by a news
agency.
Weighted average
rentals were in the range of ₹18-25 per sq ft per month across the top seven
cities—Delhi-National Capital Region (NCR), Mumbai, Pune, Chennai, Bengaluru,
Hyderabad and Kolkata.
Chennai held the highest rentals of ₹24.2 per sq ft monthly
in 2024, registering an annual appreciation of 11 per cent. Limited
availability of land within the city peripheries pushed the rentals northwards.
Mumbai emerged as the most affordable warehousing market last year with ₹18.1
per sq ft per month average rentals.
“Despite the
limited availability of land parcels, average rentals declined by 21 per cent
in 2024 over the previous year. This steep reduction could be attributed to the
expansion of warehouses in emerging and affordable locations in Mumbai,” the
consultant said.
While average rentals depreciated by 3 per cent to
₹22.9 per sq ft per month in Pune, rentals remained largely stable in Kolkata
at ₹20.7 per sq ft monthly. Moreover, average rentals in Bengaluru declined by
9 per cent in 2024 to ₹19.3 per sq ft per month.
Hyderabad reported
a yearly decline of 5 per cent in rentals, whereas Delhi NCR saw a marginal
decrease of 3 per cent over the previous year.
