Warehousing space demand in seven major cities in India is likely to grow 8 per cent annually to touch 839 million sq. ft. in the next 4 years driven mainly by manufacturing and e-commerce sectors. According to the report by property consultant Knight Frank India, the seven cities are National Capital Region, Mumbai, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. The total warehousing space requirement in these markets is expected to grow at a compounded annual growth rate (CAGR) of 8 per cent from 621 million sq. ft. in 2016 to 839 million sq. ft. by 2020.

(Economic Times)