Warehousing

EcoBox Parks, backed by Alta Capital, is investing ₹400 crore to develop a 1.2-million sq. ft. state-of-the-art logistics hub in Chennai’s strategic Mannur locality, strengthening India’s industrial infrastructure.

Yusen Logistics India has leased a 200,000 sq ft built-to-suit warehouse in Palava near Mumbai from Macrotech Developers. This strategic move, part of Lodha Industrial & Logistics Parks, aims to bolster the Tokyo-based company’s distribution network in India.

Alta Capital, an investment and asset management group, has bought 2.5 million sq ft of fully-leased logistics assets from IndoSpace for ₹840 crore (nearly $100 million). Indian logistics and storage insiders call this deal one of the year's biggest.

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:

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.

PropShare, India's biggest commercial real estate digital platform, aims to grow its Asset Under Management (AUM) to over Rs 1,000 crore in storage assets. The warehouse market's current growth, reminiscent of the early 2000s office space bubble, prompts the business to buy assets across India.

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.

India's 2025 budget takes a big step towards adopting electric vehicles (EVs), seeking to alter the transportation industry and contemporary storage. The government's comprehensive plan to boost EV production and charging infrastructure is crucial to promoting their wider acceptance.

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.

Bharat Mart, India's first UAE warehouse, will open in 2025. Similar to China's Dragon Mart, this programme allows Indian exporters to promote their goods. According to plans, Bharat Mart would span 100,000 square metres and include warehouses, retail, and accommodation.

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.

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.

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