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.

Actis, a London-based sustainable infrastructure investor, and Mahindra Lifespaces, the real estate and infrastructure development arm of the Mahindra Group, have formed a joint venture to build 16-17 million square feet of industrial and logistics facilities in India.

Leading Warehouse Player IndoSpace to Amplify Industrial Real Estate Portfolio, Aiming for 58 mn sq ft by 2028

Transindia Real Estate is selling a logistics park in Haryana and a stake in several other facilities to Blackstone-managed funds for 687 crore.

Pragati Group, an industrial and logistics real estate developer located in the National Capital Region (NCR), has secured $200 million from a Singapore-based private equity firm for the development of industrial and logistics real estate assets.

Mirae Asset, an asset management firm (AMC), bought a 10-acre income-producing warehouse in Bhiwandi, near Mumbai, to join the Indian logistics and industrial real estate industries. Mutual fund firms made their first such investment.

Indian Real estate looks set to revive in 2022. In the last year of 2021, institutional investors in real estate have pumped in close to a total amount of USD 4 billion. It's down 17% year over year, but capital inflows in Indian real estate overall are up across major asset classes and regions.