17 Nov 2023

In Q3 2023, India's industrial and logistics sector experienced robust growth, with 11.4 million sq. ft. absorption and 17.8 million sq. ft. supply. Tier I cities dominated absorption at 78%, driven by manufacturing, 3PL, and retail demand. Tier I cities supplied 79% of the total space, emphasizing the shift to grade A structures. This reflects the rising importance of Environmental, Health, and Safety (EHS) standards in warehousing. The manufacturing sector led absorption at 33%, supported by incentives, while 3PL closely followed at 32%. Delhi-NCR topped both supply (31%) and absorption (14%), reflecting the sector's dynamic landscape.Read more

15 Nov 2023

Knight Frank India has been designated as a Knowledge Partner for the sale of land parcels owned by the Central Warehousing Corporation (CWC), part of the Government of India's initiative. These parcels, located in 54 prime locations across India, cover an estimated total land area of approximately 572 acres. The CWC is monetizing and modernizing its warehouses as part of the National Monetisation plan, involving public-private partnerships under the Design Build Finance Operate and Transfer model. With a concession period of 45 years, the CWC has partnered with Knight Frank India to guide the monetization process and contribute to the nation's vision of reducing logistics costs.Read more

04 Nov 2023

Adani Logistics Ltd, a wholly owned subsidiary of the Adani Group, has acquired a 50% stake in Veracity Supply Chain Private Ltd (VSCPL) for Rs. 5 lakh. VSCPL, a newly incorporated entity with authorized and paid-up share capital of Rs 10,00,000, aims to offer last-mile connectivity to customers from in-land container depots through a digital transport management system. The acquisition signifies Adani's commitment to enhancing its logistics capabilities and expanding its presence in the supply chain sector, contributing to its comprehensive logistics infrastructure.Read more

03 Nov 2023

Reliance Industries Ltd (RIL) recently transferred Rs 5,150 crore to its warehouse Infrastructure Investment Trust (InvIT). This move allows RIL to monetize its warehousing and logistics assets through the InvIT. The funds raised will be utilized for further acquisitions in this domain. Reliance Retail, a subsidiary of RIL, is expanding aggressively and focusing on enhancing its backend infrastructure, including warehousing and logistics. As of September 30, 2023, Reliance Retail operated 18,650 stores covering 71.5 million square feet. This strategic financial step enables RIL to strengthen its position in the retail market while capitalizing on its logistical assets.Read more

28 Oct 2023

Leasing of industrial and warehouse spaces in India's premier cities declined by 12% in Q3 2023, with a total of 6.2 million square feet leased, as per a Colliers report. While Pune dominated with a 24% share, Mumbai closely followed at 23%. Third-party logistics firms (3PLs) maintained their lead in the sector, contributing to 40% of the warehousing demand, followed by FMCG and automobiles. In terms of these substantial deals, Mumbai stood first, followed by Chennai. Despite the current dip, experts anticipate a resurgence in leasing activity in the final quarter of 2023.Read more

20 Oct 2023

ESR Group, a major player in real estate services and investments, is embarking on an ambitious project to build a massive 1.4 million square foot logistics park in Nagpur, India. With an investment exceeding 2400 crore, this Hong Kong Stock Exchange-listed company is expanding its footprint with ESR Nagpur Logistics Park 2, its twentieth project in India. The park is designed to house ten distinct buildings, catering to various tenant requirements across sectors like e-commerce, third-party logistics (3PL), retail, and fast-moving consumer goods (FMCG). ESR's commitment to investment in Nagpur is evident from the success of its first logistics park in the city, ESR Nagpur Logistics Park 1, which has been fully occupied since its completion in 2020.Read more

12 Oct 2023

LogiMAT India 2024, set from February 28 to March 1 at India Expo Mart, is a pivotal event in India's logistics sector. Focused on intralogistics, transportation management, and automation, it aligns with national initiatives like the National Logistics Policy and GatiShakti. The event features innovative warehousing solutions, autonomous vehicles, RFID technology, and provides networking opportunities and expert-led seminars. Participating businesses benefit from brand exposure, industry insights, and valuable connections, making LogiMAT India 2024 a transformative platform shaping the future of logistics in India.Read more

06 Oct 2023

Shakuntalam Landcraft, a real estate firm, plans to invest Rs 1,500 crore to develop an industrial park on a 204-acre plot in Surajpur, Greater Noida, formerly occupied by Daewoo Motors. This project is expected to accommodate over 600 micro, small, and medium-sized enterprises (MSMEs) and create approximately 25,000 jobs. Director Pallavi Gupta revealed that these MSMEs are estimated to generate goods worth Rs 50,000 crore. The plot had a history of failed auctions before Shakuntalam Landcraft’s acquisition, and Gupta acknowledged the government’s and debt recovery tribunal courts’ role in revitalizing the dormant asset after 22 years.Read more

05 Oct 2023

Apeejay Real Estate is in talks with potential investors to secure funds ranging from Rs 400 crore to Rs 500 crore for expanding its logistics park operations. The company plans to utilize these funds primarily for acquiring land for warehouse development. The investment is expected to grant the new investor ownership of around 35-40 percent of the logistics park platform. Apeejay aims to expand its warehouse operations from 3 million square feet to 10 million square feet in the next 3-5 years. The company has identified potential land plots in various locations, and it manages logistics parks in four areas, with plans for expansion and diversification within the logistics sector.Read more

30 Sep 2023

According to a report by CBRE, India's retail sector has become a significant driver of warehousing demand, increasing from 8% in 2019 to 13% in 2022. In H1 2023, the retail segment accounted for 9% of warehousing demand. E-commerce, FMCG, and retail collectively represented 27% of total demand from 2019 to H1 2023. Hypermarkets (51%) and fashion and apparel (32%) dominated warehousing demand within the retail segment. CBRE expects the retail sector to strengthen in H2 2023. The report also highlighted growth projections, emphasizing temperature-controlled storage and automated FIFO methods to minimize wastage and meet evolving consumer needs.Read more