Tier-II, III cities now preferred destinations for warehousing: Experts

To control the spread of deadly coronavirus, the government announced a nationwide lockdown on March 25, restricting movement of people and goods to other cities unless "essential services"

Restricted movement due to the nationwide lockdown has underscored the importance of in-city warehousing, with tier-II and -III locations emerging as preferred investment destinations, say industry experts.

The warehousing sector, which was mainly concentrated in tier-I cities, especially the major eight metros, had started shifting to tier-II locations after certain policy initiatives, according to the experts.            

"Due to various reasons of urbanisation, warehousing has been more focused in the top eight metros. Later, due to certain policy initiatives, some of the tier 2 cities also emerged as preferred locations.

"However, with lockdown being a national reality now, with