Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Leasing transactions in the warehousing sector across the top-8 markets were at a historic high in FY22, at 51.3 million sq ft and grew by 62 per cent year-on-year (YoY) surpassing the pre-Covid peak, said Knight Frank in its recent report.

According to the report, the National Capital Region (NCR) and Mumbai led the market on overall transaction volumes during FY22. NCR noted highest transaction volumes of 9.1 million sq ft, while Pune and Hyderabad witnessed the highest percentage growth, at 166 per cent and 128 per cent YoY, respectively.

Shishir Baijal, Chairman and Managing Director, Knight Frank India said,