Sustainable warehousing to expand by 270 mn sq. ft by 2030: JLL

According to JLL’s latest report titled ‘India’s sustainable warehousing landscape: A green print,’ the green warehousing sector in India is poised for exponential growth, with certified sustainable warehouse space expected to expand from current levels to approximately 270 million sq. ft by 2030. “In just five years India has witnessed a remarkable transformation in its warehousing landscape. Since 2019, Grade A warehousing stock across India’s major cities has expanded dramatically, growing 2.5 times from 88 million sq. ft to an impressive 238 million sq. ft by 2024. This growth reflects the increasing demand for high-quality storage and distribution facilities as India’s economy modernizes, and e-commerce continues its rapid expansion. More striking is the rise of institutional-grade warehousing space, which has tripled from 28 million sq-ft in 2019 to 90 million sq-ft by end of 2024. This surge demonstrates the growing confidence of major global investors who are bringing international sustainability standards to the Indian market,” the report added.