Warehousing

Warehousing demand, rents witness surge amid diversified occupier base

The industrial and warehousing segment accounted for almost half of total institutional investments in real estate during H1CY24

Blackstone Group emerges as highest bidder for LOGOS India at Rs 1,200 cr

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

Warehousing space demand may dip this year to 45 mn sq ft: Report

Demand for premium warehousing spaces may decline slightly to around 45 million square feet this year across top six cities, according to CREDAI and CRE-Matrix report. The leasing transactions of warehousing space stood at 47.15 million square feet in 2023 calendar year across Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Pune, Hyderabad and Bengaluru. "Leasing of premium warehousing spaces is set to cross 45 million square feet in 2024, with H1 (January-June) 2024 clocking 20.3 million square feet and H2 (July-September) 2024 projected to cross 25 million square feet," realtors body CREDAI and data analytics firm CRE-Matrix said. India's Grade A warehousing stock is projected to surpass 300 million square feet by 2025 - which currently stands at 238.5 million square feet, providing a promising outlook for stakeholders. "The Indian Real Estate market is evolving rapidly, with specialised segments like warehousing complementing the robust growth of the more traditional ...

3PL in Chennai, Delhi-NCR drive industrial & warehousing demand in H1FY24

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

Home consumption's bill of entry can be substituted with 1 for warehousing

Any option for making supplies without GST payment is not available for such deemed exports

Godrej Storage Solutions to invest Rs 400 cr in new unit near Chennai

GSS said it has made significant investments to expand capacity and build capability to serve its customers

Warehousing space demand in B'luru, Chennai, Hyderabad down 5%: Vestian

Leasing of warehousing spaces in three major southern cities -- Bengaluru, Hyderabad, and Chennai -- fell 5 per cent to 10.2 million square feet during the last year on subdued demand, according to Vestian. During the 2022 calendar year, the total leasing of warehousing space in these three cities stood at 10.7 million square feet. Third-party logistics firms, engineering & manufacturing companies, and e-commerce players take warehousing spaces on lease and are major demand drivers. Real estate consultant Vestian data showed that the share of these three southern cities fell to 27 per cent in 2023 from 34 per cent in the previous year. Across seven major cities, the leasing of warehousing and logistics spaces grew 21 per cent to 37.8 million square feet in 2023 from 31.2 million square feet in the previous year. Among cities, the demand in Bengaluru fell to 3.6 million square feet from 4.1 million square feet. Hyderabad too witnessed a fall at 3.1 million square feet as against .

Warehousing & Logistics leasing in 2023 exceeded pre-pandemic level by 15%

The data released by Vestian Research showed that the absorption has been on the rise since 2021 when it was 30.2 msf

Zomato leases its largest warehousing space in the country in Bengaluru

The warehousing space spans 300,000 square feet and is located at Bengaluru's Hoskote

Indian real estate in 2023 saw highest investment inflows since 2020

The leading sources of foreign capital in Indian real estate were Canada and Singapore accounting for 78% of the total inflows

US-based Panattoni to invest Rs 110 cr for first warehousing park in India

US-based Panattoni, a global leader in industrial and logistics real estate development, will invest Rs 110 crore by March 2025 to develop a warehouse park in Delhi-NCR, its first project in the Indian market. In July last year, Panattoni announced its foray into India and said the company would invest USD 200 million to develop four industrial and logistics parks as it seeks to tap the growing demand for warehousing spaces across major cities. On Tuesday, the company announced its inaugural project in India with the Phase 1 launch of 'Panattoni Park NH71' in Delhi-NCR. "We have acquired 17-acre land to develop our first project in Delhi-NCR. The construction work will start in the first quarter of the next calendar year. It will take a year to complete the project," Panattoni India Managing Director Sandeep Chanda told PTI. The total cost to develop 3.6 lakh square feet of area would be around Rs 110 crore, he said, adding that the company has tied up with some institutional ...

Monthly avg rent of warehousing space in Delhi-NCR up by 20% in H12023

Monthly average rental of quality warehousing space in Delhi-NCR rose 19.9 per cent in the first six months of this year, according to a report by realtors body Credai and data analytics firm CRE Matrix. In their joint report released on Thursday, Credai and CRE Matrix highlighted that the Grade-A warehousing stock crossed 163 million square feet in the first half of 2023, owing to rapid industrial growth. During January-June period, the demand for Grade A warehousing space stood at 13 million square feet, whereas supply stood at 9.4 million square feet across six major cities. The vacancy level stood at a mere 8.8 per cent at the end of H1 2023, from the previous 10.5 per cent in the year-ago period. These six cities are -- Delhi- NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai and Hyderabad. Rental costs too have witnessed a 10 per cent surge across India wherein Delhi-NCR (almost 20 per cent) and Chennai (20.8 per cent) had the highest increments in rental rates

Welspun One to set up in-city warehousing facility in Thane worth Rs 600 cr

Integrated fund and development management platform Welspun One on Wednesday said it will set an in-city warehousing facility in Thane with an outlay of around Rs 600 crore. The facility is strategically located in close proximity to the prime eastern suburbs of Thane and Mulund and the eastern express highway, as per the company. This marks the first deployment of Welspun One Logistics Parks Fund 2, a category II AIF vehicle, which has secured commitments of Rs 1,500-crore out of a target raise of Rs 2,000-crore to date, the company said. The Thane project, which entails a project outlay of approximately Rs 600-crore, will include dedicated docks, dust-free parking bays, vertical transportation facilities, among others, it said. "We are launching our first Grade-A in-city facility in Thane, MMR. The surge-in demand for in-city warehousing spaces, with projected requirements reaching 16-million square feet in Mumbai Metropolitan Region by FY 28, is undeniable," said Anshul Singhal,

Morgan Stanley to invest Rs 300 cr in Prakhyat Group's warehousing project

Prakhhyat Group on Monday said it has partnered with a fund managed by Morgan Stanley Real Estate Investing to develop a warehousing project at Bhiwandi near Mumbai. The company did not disclose the amount of investment by Morgan Stanley Real Estate Investing (MSREI) but sources said it is around Rs 300 crore. Prakhyat Group will develop a 0.7 million square feet Grade A warehousing space at its K Square Logistics Park in Bhiwandi, the company said in a statement. This marks MSREI's entry in the Bhiwandi sub-market of Mumbai. With this, MSREI has invested in over 5.6 million sq ft of logistics assets across the country, it added. The project, One K-Square, will be built across 25 acres. The development will offer warehousing solutions to institutional customers from e-commerce, 3PL players, FMCG and FMCD sectors, among others. Prakhhyat Group will be the development manager and will be responsible for project execution, leasing, and asset management. "Through this partnership, we

Welspun One Logistics Parks' warehousing-focussed fund raises Rs 1,000 cr

Welspun One Logistics Parks (WOLP) on Tuesday said it has raised Rs 1,000 crore within four months of launching its second warehousing-focussed fund. The company also announced the opening of its "green shoe" option to raise an additional Rs 1,000 crore. The potential corpus could reach Rs 2,000 crore upon completion of the green shoe option, which would rank it among the largest in the domestic real estate alternatives space, WOLP said in a statement. The plan entails an overall investment outlay of over Rs 8,000 crore, which will propel Welspun One to an Assets under management (AUM) of USD 1 billion, it said. "We are deeply grateful to our investors for their unwavering faith in us, which has powered our successful second fund-raise," said Anshul Singhal, Managing Director at WOLP. The warehousing sector continues to exhibit strong growth with record-high demand of 51.3 million square feet in FY23, implying a CAGR of 24 per cent during FY17-23, according to the company. With a

Welspun One's 2nd warehousing-centric fund raises Rs 1,000 cr in 4 months

Welspun One has also announced the opening of its "green shoe" option to raise an additional Rs 1,000 crore

Warehousing supply to grow 13-15% in eight primary market in FY24: Report

The industrial and warehouse logistics park supply is likely to grow 13-15 per cent in this fiscal in the eight primary markets to around 435 million square feet, with nearly 52 per cent to come up in grade A capacity, according to a report. However, the incremental absorption is likely to remain flat at the FY23 levels of around 39 million sq ft, Icra Ratings said in the report. The warehousing sector continues to witness a sustained demand from the third-party logistics (3PL) and automobile sectors, which together accounted for 53 per cent of the total leased warehousing area as of March 2023. Additionally, the rapid expansion of new sectors like e-commerce and allied services, the growing needs of the consumption market and the government's focus on manufacturing will boost demand. The agency expects the grade A warehouse stock across the top eight primary markets to grow by 17 per cent to 195 million sq ft by March 2024 from 167 million sq ft in March 2023. For the incremental

Demand for warehouses in India reached record high in 2022-23: Report

All sectors saw a rise in warehouse demand but the e-commerce sector saw a decline in demand in FY23, primarily due to early capacity building

Warehousing demand in Bengaluru exceeds new supply by 55% during 2018-22

Leasing of warehousing space in Bangaluru exceeded new supply by 55 per cent during 2018-22 period, resulting in lower vacancy level and increase in rental, according to India Sotheby's International Realty report. Property consultant India Sotheby's International Realty on Wednesday released a white paper 'Ahead of The Curve - Bengaluru Warehousing'. The IT city is likely to witness a surge in investment for development of premium warehousing park to meet growing demand for storage space from e-commerce and third-party logistics players, the paper said. The consultant has taken inputs from real estate data research company CRE Matrix in the white paper. "The demand-supply trend of the last five calendar years (2018-22) shows that demand has outstripped new supply by far, resulting in very low vacancy levels in existing warehousing parks and a decent growth in rentals," the consultant said. The cumulative absorption of warehousing space in Bengaluru during the 2018-22 period stood

Lease of industrial-warehousing space up 11% annually in 5 cities: Colliers

Leasing of industrial and warehousing space rose 11 per cent year-on-year to 7.2 million square feet during the January-March period across five major cities on higher demand form third party logistics and e-commerce firms, according to Colliers India. Real estate consultant Colliers tracks the demand and supply of premium industrial and warehousing spaces, which are primarily being developed in the adjoining micro-markets of five major cities -- Delhi-NCR, Bengaluru, Mumbai, Pune and Chennai. The January-March period saw the highest leasing compared to the previous eight quarters. "This sustained streak in leasing was backed by 3PL (third party logistic) operators who continued to expand across large markets, forming 41 per cent of total leasing during the quarter. This was distantly followed by the FMCG sector at 12 per cent," Colliers said. Interestingly, demand from retail and FMCG sectors saw a three-fold rise YoY (year-on-year), as they expanded their footprints in larger ...