Warehousing & Logistics

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Shakuntalam Landcraft to invest Rs 1,500 crore in industrial park project in Greater Noida

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....

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Apeejay Real Estate eyes Rs 400-500 crore Funding for logistics park expansion

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....

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Retail segment's share in India's warehousing demand surges

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....

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Indian cities shine in APAC logistics market with strong rental growth

The Asia-Pacific logistics market showed robust growth of 10.4% in H1 2023, driven by rising rents in 15 out of 17 tracked cities. Key Indian cities like Bengaluru, Delhi-NCR, and Mumbai secured top positions in the APAC markets for warehousing rent growth. Demand remained strong, with e-commerce, 3PL entities, and manufacturers contributing to the upswing. In Southeast Asia, Manila led with a remarkable 49.3% YoY rental growth. Australasia experienced rental growth due to limited availability. The report anticipates an e-commerce sector recovery as excess capacities are absorbed. Bengaluru, Delhi-NCR, and Mumbai's strong performance underscores their significance in the regional warehousing landscape....

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JSW Infrastructure to invest Rs 13,000 crores to double cargo handling capacity

JSW Infrastructure, a subsidiary of the JSW Group, plans to invest Rs 13,000 crores over the next seven years to double its cargo handling capacity to 300 million tonnes. The expansion will be funded through internal accruals and free cash flows. JSW Infrastructure has grown significantly over the past two decades, with an average annual growth rate of 22%. They have diversified into third-party businesses and are exploring opportunities in container and liquid terminals, container freight stations, and inland container depots. The company is actively participating in port privatization initiatives and aims to enhance last-mile connectivity and value-added services for customers in the logistics industry....

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Indian warehousing sector surpasses 163 million sq. ft. in Grade-A stock in H1 2023

Real estate experts anticipate a promising trajectory for warehousing in India, fuelled by the expansion of E-commerce giants and the influx of global brands into the market. Projections suggest that warehouse stock is set to soar, with expectations of reaching a staggering 500 million square feet (msf) in the next five years. This growth reflects the evolving landscape of the Indian logistics and storage sector, driven by the demands of an increasingly digital and globalized economy. The warehousing sector's rise is poised to meet the burgeoning needs of supply chains and distribution networks, reshaping the country's commercial real estate landscape....

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ESR acquires 57-acre land for a logistics park in Odisha

ESR Group Limited has acquired 57 acres of land in Cuttack, committing approximately Rs 360 crore for the development of ESR Cuttack Logistics Park, an institutional-grade facility. This strategic move strengthens ESR's presence in Odisha, addressing the rising demand for logistics facilities in the region. The park, situated in North Cuttack, complements the economic growth of Odisha's twin cities, Cuttack and Bhubaneswar. ESR India aims to revolutionize warehousing by integrating green building features and digital management tools. With a significant development portfolio and achievements, ESR continues to lead in APAC's industrial and logistics real estate sectors....

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DP World unveils sprawling 380,000 sq. ft. warehouse in Bhiwandi, Maharashtra

DP World has expanded its presence in India with a new 380,000-square-foot warehouse in Bhiwandi, Maharashtra. The facility, operational since September 1, 2023, can store both chemicals and non-chemicals, increasing DP World's Indian warehousing capacity to over 5 million square feet. The warehouse is divided into sections for hazardous chemicals and non-chemical storage, with advanced safety features, including temperature-controlled zones and fireproof partitions. Sustainability measures, such as a solar system, are also incorporated. This facility is expected to benefit various sectors, including agriculture, pharmaceuticals, electric vehicles, and chemical trading, and strengthen Bhiwandi's position as a warehousing hub....

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LP LogiScience set to expand growth in Delhi-NCR Region

LP Logiscience, the warehousing and contract logistics division of the renowned Liladhar Pasoo legacy brand, is embarking on a significant expansion in the Delhi NCR region. The move comes amidst a booming Indian warehousing sector, with LP Logiscience already operating a Grade A compliant, multi-user warehouse in Noida-Ghaziabad. They currently serve top clients in the specialty chemicals sector, leveraging specialized licenses like CTE and Fire NOC. LP Logiscience aims to double its growth in the next two years, capitalizing on a surge in warehousing transactions, reduced vacancy rates, and a shift towards third-party logistics providers in FY 2023....

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Welspun One Logistics Parks to invest Rs.600 crores in state-of-the-art Mumbai warehousing facility

Welspun One Logistics Parks (WOLP) plans to invest over Rs.600 crore in developing a Grade-A, in-city warehousing facility near Mumbai. This investment is through their Welspun One Logistics Parks Fund 2, which has already secured Rs.1,500 crore out of a Rs.2,000 crore target. The 6 lakh sq ft facility, situated on a 3.25-acre land parcel in Thane's Wagle Industrial Estate, will support urban last-mile delivery and cater to the surging demand for in-city warehousing driven by e-commerce and quick commerce services. WOLP aims to create a portfolio of 16-18 million sq ft across tier 1 and 2 cities, with an overall investment of over Rs.8,000 crore....