The total stock of warehousing space is estimated to double in the next four years to 344 million sq ft in eight major cities on rising demand from third party logistics, e-commerce and automobile players. The year 2018 saw Indian warehousing sector coming of age, outshining some of the conventional real estate asset classes and attracting global investors. It was noted that 2018 witnessed 22 per cent year-on-year growth in total stock in Grade A & B warehousing space in eight major cities at 169 million square ft compared to 138 million square ft a year ago. The consultant projected the total stock of warehousing space to reach 344 million sq ft in the next four years in eight major cities namely Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, Pune and Ahmedabad. India’s logistics and warehousing sector is transforming. India, which is considered to be an emerging market in this sector, has observed significant momentum in the past two years as global funds, private equity players continue to explore investment opportunities partnering with local developers and logistic players.

(Economic Times)