Indian warehousing needs $3.8 bn to meet 223 mn sq ft demand in next 3 yrs

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

India needs to create adequate supply in order to meet an absorption of approx 223 million sq ft of Grade-A warehousing demand over the next three years, according to a Credai-Anarock report. An equity investment of about $3.8 billion will be required to support this scale of development.

The absorption of Grade-A warehousing increased from 34 million sq ft in 2018, to 48.5 million sq ft in 2021 at a compounded annual growth rate (CAGR) of 12.6 per cent, the report says. Meanwhile, supply in this category rose from 37.8 million sq ft to 51 million sq ft in the