INSUBCONTINENT EXCLUSIVE:
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.
