Even as leasing of office and retail properties was hit in the first half of the calendar year, leasing of warehousing spaces is on an upswing.
Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.
The reason for this is growing demand from e-commerce, pharmaceuticals and third-party logistics firms during the pandemic.