Warehouses In India

Logistics operator Pristine Value Logistics on Thursday said it has signed a long-term lease agreement with the Antariksh Group for acquiring 165,000 sq ft area at Bhiwandi to commission a warehousing facility. The Grade A built-to-suit multi-client warehouse is expected to be operational by March next year, a company statement said. "We are growing our warehouse capacity to meet the rising demand and to ensure our customers get efficient, customised and scalable solutions. The expansion strategy is in sync with the overall outlook of the group to become an end-to-end logistics and supply chain service provider," said Sanjay Mawar, Director, Pristine Value Logistics and Pristine Logistics & Infraprojects Ltd. The mega warehousing facility adopts a plug-and-play model, allowing clients to scale and adjust operations with ease, the statement added. This expansion will strengthen Pristine Value Logistics' service delivery capabilities to cater to varied customers across industry ...

Blackstone was among ten bidders for the portfolio of warehouses that covered nearly 5 million square feet

The 3PL segment accounted for 35% of the total Grade A space uptake in the first three quarters of CY 2024

Logistics platform Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, will invest Rs 700 crore to redevelop warehouses of state-owned CWC in 13 locations. In a statement on Monday, the company said it has been "chosen as the lead partner by the Central Warehousing Corporation (CWC) to manage a portfolio of 13 last-mile logistics assets". The CWC is a public warehouse operator established by the central government under the Ministry of Consumer Affairs, Food & Public Distribution. During the 45 years of partnership, Horizon Industrial Parks will redevelop the government-owned assets into modern Grade-A facilities, tailored to tenants in fast-growing sectors like e-commerce, retail, third-party logistics, and cold chain. "With a development potential of 2.4 million square feet, this is one of the largest last-mile logistics portfolios in India. The investment commitment is expected to be around Rs 700 crore to support the growth of the portfolio," it ...

First half of 2024 has witnessed 13 million sq ft of leasing activity, representing a 17 per cent year-over-year growth with Delhi NCR and Chennai leading the charge, says Colliers report

India's growth story remains incomplete without a modern, trustworthy, and efficient agri-warehousing ecosystem backed by an assertive and supportive regulatory environment

Prime targets are firms looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine

Vestian stated that the sector received investments worth $646 million in 2023, accounting for 15 per cent of the total institutional investment received in the real estate sector

US aircraft maker Boeing on Monday announced the opening of a warehousing facility at Khurja in Uttar Pradesh for parts supply. The 36,000-sq ft India Distribution Centre, being operated in collaboration with third-party logistics provider DB Schenker, will support regional aviation customers in maintaining higher fleet utilisation, the company said in a statement. The new India location is one of eight distribution centres around the world that holds and ships spare parts specifically for Boeing's commercial customers, it said. "This centre will support the emergent needs of spare parts for Boeing aircraft in India, reducing lead times, improving availability, and supporting the MRO industry here," Boeing India President Salil Gupte said. Boeing had announced its investment in the distribution centre during the Aero Show in Bengaluru early last year. The first batch of the parts from the facility were shipped to customers in December 2023, it said in the statement. The aircraft

A committee under the transport commissioner has been constituted to evaluate private investment proposals for the setting up of the logistics network

The average monthly rent of warehousing and logistics space in and around the national capital region rose 4 per cent annually to Rs 22.5 per square feet in the first six months of this year on higher demand, according to real estate consultant Vestian. The leasing of warehousing and logistics space in Delhi-NCR increased 68 per cent to 4.7 million square feet in the January-June period this year as against 2.8 million square feet in the year-ago period. "The Indian warehousing and logistics sector is sailing through global headwinds on the back of strong and sustainable fundamentals. Several mega infrastructure projects are planned across the country to improve connectivity and reduce transit time," Vestian Chief Executive Officer Shrinivas Rao said. Across seven major cities, Vestian in a report on Wednesday said micro-markets of Delhi-NCR quoted the highest weighted average rentals of Rs 22.5 per sq ft a month compared to Rs 21.6 in the year-ago period. Bengaluru closely followe

Leasing of industrial and warehousing space rose 7 per cent during January-June to 22.4 million square feet across tier I-III cities mainly on better demand from third party logistics players and manufacturing units, according to property consultant Savills India. The absorption of industrial and warehousing space stood at 20.9 million square feet in the same period last year. Tier I cities accounted for 75 per cent of the total absorption in the first half of 2023, while tier II and III contributed the remaining 25 per cent, the consultant highlighted. Tier I includes cities like Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, Delhi-NCR, and Pune. Tier II and Tier III cities include Guwahati, Bhubaneshwar, Patna, Hosur, Coimbatore, Rajpura, Lucknow, Jaipur, Nagpur, Indore and Surat. As per the data, the leasing in Tier I cities rose 4 per cent to 17.4 million square feet during January-June from 16.8 million square feet in the year-ago period. In tier II and III cities

The disruptions in food supply and high inflation due to the war in Ukraine have increased food security concerns in several countries, including India

Industrial and logistic parks developer IndoSpace on Friday announced that it will invest Rs 3,000 crore in Karnataka's warehousing and logistics space. The firm already has a strong footprint in the state with its Grade-A industrial parks operational in Bommasandra, Nelamangla I and upcoming facilities in Nelamangala II and Naraspura. IndoSpace said it has signed an initial pact with the Karnataka government for this proposed investment in the state. The pact is for a period of seven years and expected to generate 14,000 new jobs. This investment will help attract further investments in the state and help meet the increasing demands of industries linked with warehousing and logistics, the company said. Karnataka has a growing base in sectors like automobile, electronics, aerospace, agriculture, textiles and engineering and IndoSpace looks to help these industries with warehousing and logistics facilities, said Rajesh Jaggi, Vice Chairman for Real Estate, Everstone Group. IndoSpa

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

Warehousing Development and Regulatory Authority (WDRA) Chairman T K Manoj Kumar on Monday said there is an increase in the registration of warehouses and its outreach with banks and farmers has improved exponentially. The decision that the government procured stocks should be stored in WDRA-registered warehouses or those warehouses which have applied for WDRA registration has resulted in the increased registration, particularly from State Warehousing Corporations (SWCs), he added. Speaking at an event to commemorate the WDRA's Foundation Day, Kumar said: "There had been an increase in the number of warehouses registered with WDRA and its outreach with banks and farmers had improved exponentially." He said State Bank of India (SBI) has launched a special product for lending against e-NWRs (electronic negotiable warehousing receipts) at reduced interest rate and lower fees. Karnataka Bank too has informed that it is in the process of launching a new product on e-NWR pledge finance, a

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Company will consider other opportunities for rehabilitation of business ops

Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period

Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.