Industrial & logistics sector posts 48% growth in Q3

As per the ‘India Market Monitor Q3 2024-Industrial & Logistics’ report released by the consulting firm, CBRE South Asia Pvt. Ltd., the leasing in the Industrial and logistics sector surged 48 per cent during July to September period. The total absorption across Delhi-NCR, Mumbai, Kolkata, Ahmedabad, Pune, Hyderabad, Bengaluru, and Chennai stood at 11.4 million square feet as compared to 7.7 million square feet in Apr-Jun this year. During Q3 of 2024, 3PL players accounted for 38 per cent of the leasing activity, followed by engineering and manufacturing at 19 per cent, retail at 17 per cent, e-commerce at 10 per cent and FMCG at 6 per cent.