Warehousing space leasing rockets by 85% across key Indian markets: Knight Frank

Knight Frank India launches the third edition of its flagship India Warehousing Market Report 2018. The report unravels the present scenario of the Indian logistics sector along with providing a definitive view on the country’s top warehousing markets which include Mumbai, NCR, Bengaluru, Chennai, Pune, Hyderabad and Ahmedabad.
The National Capital Region (NCR) attracted the highest footprint in terms of transactions in the warehousing space with leasing of 6.5mn sq.ft in 2017, followed by Mumbai at 5.2 mn sq. ft. Mumbai recorded the largest YoY growth over other key Indian markets with a staggering 231 per cent jump in warehousing space leasing in 2017. NCR followed closely with 129 per cent YoY increase. Bengaluru (90%), Ahmedabad (86%) and Hyderabad (68%) witnessed flourishing double-digit growth.