FUTURE OF INDIAN WAREHOUSING SECTOR
FUTURE OF INDIAN WAREHOUSING SECTOR Warehousing could be among the first real estate segments, to recover from the shock of the Coronavirus pandemic. The factors which are likely to boost the demand for warehousing in medium term: Increasing demand for the Third-party logistics Multifold increase in ecommerce creating large demand for warehousing everywhere including tier II and tier III cities FMCG and pharmaceuticals sectors are expected to drive the demand for warehousing Warehousing segment stands to gain as several countries consider moving their manufacturing facilities out of China According to India Warehousing Market Report – 2020, Knight Frank India had estimated that existing land committed to warehousing across the top eight Indian cities had the potential to add 193 million sq ft of new warehousing supply. Despite the economic slowdown and the pandemic, the warehousing market has remained largely resilient, recording growth of 44% CAGR in the last three years. ...