E-commerce boom to double India warehouse deals, says Knight Frank

An e-commerce boom in India will more than double the size of warehousing space sought over the next five years, according to Knight Frank.
 

Annual warehousing transactions in the top eight Indian cities will grow to 76.2 million square feet by March 2026 from 31.7 million square feet in 2021, the research firm said in a report published Tuesday. The predicted surge follows a drop in the past year due to the pandemic.

“Due to a greater internet penetration across India, e-commerce companies are also betting big on growth in tier two and three locations, which are becoming the preferred warehousing