Top 8 Indian cities projected to grow at 19% CAGR over next five years

Knight Frank India, an international property consultancy, in their latest report – ‘India Warehousing Market Report – 2021’, projects that annual warehousing transactions for top eight Indian cities (primary markets) will grow at a compound annual growth rate (CAGR) of 19% to 76.2 mn sq ft (7.08 mn sq m) by Financial Year (FY) 2026 from 31.7 mn sq ft (2.95 mn sq m) in FY 2021. As per the projections for the next 5 years (FY 2022 – FY 2026), e-commerce segment is expected to take up significant space estimated to be 98 mn sq ft (9.1 mn sq m) approximately registering an increase of 165% from the preceding period of FY 2017 – 2021. Third Party Logistics (3PL) and other Sector companies are expected to take up 56% (83 mn sq ft) and 43% (53 mn sq ft) more space respectively, over the same reference period.