‘Grade A warehousing sector set to cross the 300 mn. sq. ft. by 2025’

According to a latest report jointly released by CREDAI and CRE Matrix, the warehousing sector is set to cross the 300 million square feet-mark by 2025. Currently, the overall Grade A warehousing stock in the country stands at 216.2 million square feet. “With e-commerce, retail expansion and global companies entering India, we foresee a robust demand and supply growth for Grade A warehouses,” Boman Irani, President, CREDAI said that India’s favourable policies, competitive manufacturing costs and labor availability make it a prime investment destination. “Demand continued to surpass supply in the first quarter of the ongoing calendar year with an absorption to supply ratio of 1.4, alongside a 5% increase in rentals. Meanwhile Grade A/A+ vacancy levels declined 1.2% year-on-year across the top-6 cities,” the report added.