Hindustan Unilever (HUL), a major consumer products company, leased a 600,000-square-foot warehouse in Bhiwandi, near Mumbai. The Mumbai Metropolitan Region (MMR)'s biggest warehouse transaction in recent years is this 7-year arrangement.

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:

Zomato's biggest warehouse acquisition in India, a 3.08 lakh sq ft property at Sumadhura Logistics Park in Bengaluru, has improved its operations. This seven-year arrangement, mediated by Bengaluru's Sumadhura Group, shows Zomato's dedication to improving logistical efficiency.

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.

The changing consumer market demands modern supply chain approaches. A brilliant light inside the Godrej Group and a respected subsidiary of Godrej & Boyce, Godrej Storage Solutions is leading this innovative period.

Demand for e-commerce companies decreased as the pandemic subsided, whereas brick-and-mortar competitors rented 14% more space from January to June as demand increased.

In response to rising warehousing demand in India, Stellar Value Chain Solutions, a tech-driven third-party value-added warehouse and distribution service provider, plans to add more than 10 million square feet to its logistics portfolio within two years.

Net absorption of warehouse space is expected to reach 42.5 mn sq ft by the end of 2022, according to a forecast by JLL.The total vacancy rate drops significantly to reach 11.4% in H1 2022 as demand rises.

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.