Warehousing Sector

Partnership will give farmers information about negotiable instrument meant to assist rural economy

Industrial and warehousing space leasing rose 6 per cent to 46.3 million square feet last year across major cities of India, according to Savills India. In its latest report, property consultant Savills India said that the leasing of industrial and warehousing space rose 3 per cent in 2022 across eight major tier-I cities to 36.2 million square feet from 35.1 million square feet. The absorption of space in tier II-III cities increased to 10.1 million square feet in 2022 from 8.6 million square feet in the previous year. The Tier II and III cities include Coimbatore, Guwahati, Indore, Nagpur, Lucknow, Jaipur, Rajpura, Bhubaneswar, Kochi/Ernakulam, Patna, Hosur, Madurai, Varanasi, Hubli and Ludhiana. Among the major cities in India, Delhi-NCR saw the highest absorption in 2022 at 16 per cent, followed by Mumbai at 14 per cent. Pune and Bengaluru saw absorptions at 13 per cent and 12 per cent, respectively, while tier II and III cities accounted for 22 per cent. Third-party logistic

According to the report, the investment volume in warehousing stood at $1.9 bn in 2022, from $1.3 bn in 2021, up 45% YoY

Real estate firm will invest Rs 2,400 cr in mix-use project of housing, retail and service apartments

Top-3 sectors, namely, 3PL, e-commerce, and manufacturing & automotive, account for a 78 per cent share of warehouse leasing space across seven cities

Net absorption could reach an all-time high of 43 million sq ft by 2022-end as businesses open up and consumer demand improves

Delhi-NCR and Pune together accounted for about 70 per cent of the leasing and 60 per cent of total supply

Company will consider other opportunities for rehabilitation of business ops

Warehousing rents in Mumbai, Bengaluru and Delhi-NCR rose by an average 7.2 per cent during the last fiscal on higher demand from third party logistics, e-commerce and manufacturing sectors, as per a report. In its Asia-Pacific Logistics Highlights H1 2022 report, Knight Frank said Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square feet per year in the last fiscal, from Rs 243 per square feet in the previous year. Warehousing rent in Bengaluru rose 6.4 per cent to Rs 240 per sq ft per year, while that in Delhi-NCR increased by 5.9 per cent to Rs 227.40. On a 12-month outlook basis, the consultant said the prime logistic rents across Mumbai, Bengaluru and Delhi-NCR are expected to increase on the back of sustained demand from third party logistics, e-commerce and manufacturing sectors. Shishir Baijal, chairman and managing director, Knight Frank India, said, "Rents for warehouses in India witnessed a substantial growth signifying resiliency .

In the amendment bill, the government has also proposed simplified registration process, accepting negotiable receipts only in electronic form

India saw leasing transactions to the tune of 35 million sqft in FY22

Loan limit of Rs 2 crore under the scheme works better for small warehouse projects with godowns of 3,000 sq ft, but fails to enthuse corporations and FPOs with larger projects on the table

Leasing of industrial and warehousing spaces across eight major cities went up by 35% during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players

Markets regulator Sebi on Friday came out with guidelines for preparing warehousing norms by clearning corporations for agricultural, agri-processed, base and industrial metals goods.

Embassy plans to use the funds from the deal as growth capital in its office and residential projects

Investors prefer warehousing assets because they are more stable than office properties, which were affected by the pandemic, said bankers involved in warehousing deals

'Plug-and-play' buildings or 'speculative buildings', as ESR calls them, are ready buildings that have facilities like power, water and so on

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Warehousing demand is expected to grow around 160 per cent to reach 35 million square feet in 2021, if no further lockdowns occur, said a JLL report

Third party and e-commerce accounted for 60% of total absorption in 2020, followed by manufacturing at 24%. That year, investments of over $1-bn were made in industrial & warehousing market