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Annual Warehousing Deals To Grow 19% At Compound Yearly Development Rate In 5 Years: Knight Frank

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E-commerce segment is anticipated to use up 98 million square feet in next 5 yearsThe yearly warehousing deals in the top 8 cities will grow at a compound annual development rate or CAGR of 19 per cent to 76.2 million square feet by financial 2025-26, compared to 31.7 million square feet in financial 2020-21, according to leading realty expert Knight Frank.

The third-party logistics and other sector firms are anticipated to use up 56 per cent - around 83 million square feet, and 43 percent - 53 million square feet more area respectively, over the very same duration of time.As per forecasts for the next five years, the e-commerce sector is anticipated to take up 98 million square feet, signing up a boost of 165 per cent from the financial year 2016-17 to fiscal 2020-21, according to Knight Frank's most current research study report titled India Warehousing Report 2021.

In the leading eight cities- which include the 4 city cities - Delhi, Mumbai, Chennai, and Kolkata, the overall land committed to the warehousing advancement is 22,488 acres which is likely to translate to the buildable capacity of up to 531 square feet, according to the report.The existing warehousing stock already accounts for 329 million square feet on the committed land, leaving around 202 million square feet of the possible warehousing area which can be established in the land parcels.

The warehousing space per capita in the nation is much lower than in the industrialized economies.In the preceding fiscal 2020-21, the warehousing transactions in the top eight cities signed up a decrease of 23 percent year-on-year to 31.7 million square feet.

The home consultant specifies that the decline can be credited to the interruption triggered by the COVID-19 pandemic and the caused lockdowns that affected the economic activity and affected occupier decisions.Chennai was the only city to register a development of four percent year-on-year to 3.5 million square feet in fiscal 2021, compared to 3.4 million square feet in fiscal 2020.

Ahmedabad and Pune were the worst-hit markets signing up a decline of 42 per cent year-on-year each.




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