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• Colliers India has reported nearly 30% growth in industrial and warehousing rentals across Farukh Nagar and NH-48 in Delhi-NCR during the past five years.
• The consultancy attributed the rise to occupier expansion, growing demand for institutional-grade assets and ongoing infrastructure improvements across major logistics corridors.
• Grade A industrial and warehousing stock across eight major Indian cities reached 299.2 million sq ft by the end of the first quarter of 2026, nearly double the 2021 inventory level.
• Farukh Nagar and NH-48 remain among India’s largest logistics clusters, together accounting for more than 58 million sq ft of Grade A stock.
• Colliers expects rentals across major high-activity industrial clusters to increase by 5-10% annually in the coming years amid sustained manufacturing and logistics demand.
Colliers India has reported that average rentals for industrial and warehousing spaces in Farukh Nagar and NH-48 in Delhi-NCR have increased by nearly 30% over the past five years, driven by rising occupier demand, infrastructure upgrades and growing preference for premium logistics assets. Advertisement
In its latest report on India’s industrial and warehousing market, Colliers stated that the sector has emerged as one of the country’s strongest-performing real estate asset classes, supported by expansion in manufacturing, logistics and supply chain operations.
According to the consultancy, Grade A industrial and warehousing stock across eight major cities — Ahmedabad, Bengaluru, Chennai, Delhi-NCR, Hyderabad, Kolkata, Mumbai and Pune — reached 299.2 million sq ft at the end of the first quarter of 2026. The inventory level is nearly twice the stock recorded in 2021.
Among major logistics markets, Bhiwandi in Mumbai continued to remain India’s largest industrial and warehousing cluster with nearly 42 million sq ft of Grade A stock. In Delhi-NCR, Farukh Nagar accounted for 31.5 million sq ft while NH-48 had around 26.6 million sq ft of Grade A warehousing and industrial space.
Colliers identified 40 industrial and warehousing clusters across the eight major cities, of which 13 were categorised as high-activity clusters due to strong demand and supply activity. These locations collectively accounted for nearly three-fourths of India’s Grade A space absorption and fresh supply over the past five years.
The report noted that rental appreciation had been significant across most high-activity logistics clusters, with average rentals increasing between 15% and 35% during the last five years. Farukh Nagar and NH-48 witnessed close to 30% rental growth during the period due to expansion by occupiers across manufacturing, logistics and consumption-linked sectors.
Current rentals in Farukh Nagar and NH-48 range between INR 21 and INR 28 per sq ft per month for industrial and warehousing assets. The Farukh Nagar cluster includes Kulana, Farukhnagar, Badli, Jhajjar, Bhaproda and Luhari, while the NH-48 corridor comprises Gurugram-Binola, Pataudi Road, Jamalpur-Panchgaon Road, Bilaspur-Tauru Road and Dharuhera.
Colliers projected that rentals across major high-activity industrial and warehousing clusters are likely to increase by 5-10% annually in the coming years, supported by improving multi-modal connectivity, infrastructure expansion and rising demand for institutional-grade logistics facilities.
Vijay Ganesh, managing director, industrial and logistics services at Colliers India, stated that India’s industrial and warehousing sector was entering an accelerated growth phase led by policy support, improved infrastructure connectivity, proximity to consumption centres and expansion of the manufacturing and logistics ecosystem. He added that the 13 high-activity clusters collectively recorded nearly 130 million sq ft each of demand and supply during the last five years.
Source - PTI
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