The Indian warehouse leasing market grew 8% in H1 2024. With Mumbai and Pune leading absorption rates, the industry has grown and faced hurdles. Ghar.tv offers 6 tips for understanding 2024 Indian warehouse leasing trends:

In H1 2024, total absorption in India's warehousing and logistics sector rose 8% from 2023. Vestian Research reported 16.6 million square feet of sector absorption in the first half of 2024. Compared to H2 2023, absorption fell 26%, mostly due to a 74% drop in the National Capital Region.

Indian storage is experiencing a major shift, vital for global commerce. Knight Frank's 'India Warehousing Market Report – 2023' shows record demand in India's top eight markets, reaching 51.3 million square feet in FY 2022-23.

Mahindra Logistics opened a 6.5 lakh-square-foot Grade-A warehouse in Bhiwandi, near Mumbai. This facility has 84 docks, a 13-meter clear height, and an 8 MT/M2 load capacity.

IndoSpace, a developer of industrial and logistics parks, has invested Rs 1000 Cr to expand its warehouse presence in NCR

A top official said that LAS Ventures is in discussions to raise a Rs 300 crore investment to create grade A warehouses around the nation to meet demand from the e-commerce, third-party logistics (3PL), and manufacturing sectors.

Demand for industrial and storage space in Pune is likely to reach a new high in 2022, fueled by restored confidence in the Indian economy and a renewed emphasis on manufacturing, as well as the buoyancy of e-commerce and third-party logistics (3PL) businesses.