24 Apr 2024

India's warehousing sector is experiencing a significant boom due to the rapid growth of the e-commerce industry and the increasing demand for efficient logistics services, which are valued at billions of dollars. As India's e-commerce market grows rapidly, consumers expect faster delivery times, driving the need for specialised warehousing solutions. Both domestic and global investors are investing heavily in the sector, with big players like Blackstone and LOGOS planning significant expansions. This investment influx, totaling more than INR 8,000 crore, promises accelerated growth and a wider range of high-quality warehousing options. Modern warehouses, built using standardized construction methods and optimised operational practices, are well-positioned to meet the changing needs of businesses, thereby reshaping India's logistics landscape.Read more

PNT Reporter

26 Mar 2024

Developers are rushing to meet soaring demand for warehouse space in India, driven by economic growth and supply chain diversification away from China. Projects like the Greenbase industrial park, backed by Blackstone, are expanding to accommodate companies shifting base from China. With India's infrastructure improvements and favorable market conditions, developers like Panattoni and Prologis are investing heavily. However, land acquisition complexities pose challenges, with surging prices and ownership disputes delaying projects. Despite hurdles, India's warehouse leasing market is thriving, attracting global players and signaling a significant shift in the country's industrial landscape.Read more

PNT Reporter

20 Mar 2024

Tata Motors, India's leading manufacturer of commercial and passenger vehicles, has signed a Memorandum of Understanding with the Government of Tamil Nadu to explore establishing a new vehicle manufacturing facility in the state. The proposed investment of INR 9,000 crore could generate up to 5,000 jobs. If established, it would be Tata Motors' first plant in Tamil Nadu and second in South India. The MoU signing was witnessed by Chief Minister M.K. Stalin and aims to further attract investment to Tamil Nadu's thriving automobile industry centered in Chennai.Read more

PNT Reporter

15 Mar 2024

Welspun One, a prominent industrial real estate developer, recently sealed the sale of a substantial warehousing project in Gurugram for INR 900 million (approximately USD 11 million). This transaction underscores the escalating interest of both domestic and global investors in India's logistics sector. The project, spanning a vast 2.9 lakh sq. ft., strategically located near major highways, enjoyed full occupancy leased to a leading third-party logistics (3PL) player, showcasing Welspun One's proficiency. The company's innovative warehousing Alternative Investment Fund (AIF), amassing over INR 900 million, regulated by SEBI, facilitates local investor engagement in the burgeoning warehouse market.Read more

13 Mar 2024

Property Share, India's largest commercial real estate investment platform, has launched its first warehousing asset on the platform. The asset is a 9.1% yielding Grade A+ warehouse located in Jaipur totaling 528,631 square feet and rented to Flipkart, India's largest e-commerce player. The INR 191 crore warehouse is Flipkart's largest distribution and fulfillment center in Western India, processing 200,000 orders daily. The asset offers state-of-the-art infrastructure and amenities and is strategically located providing access to over 40% of India's e-commerce suppliers. This marks Property Share's entry into the fast-growing Indian warehousing sector driven by demand from e-commerce companies.Read more

12 Mar 2024

Blackstone, a leading asset manager, is gearing up for substantial growth in India's real estate market, with plans to ramp up investments in warehouses to over 100 million square feet in the next two to three years. Additionally, the company eyes potential public offerings for its logistics business to capitalize on India's thriving market. Despite investor caution globally, Blackstone remains bullish on real estate in India and aims to leverage opportunities in hospitality, data centers, and office spaces, driven by the country's robust economic growth and demand dynamics.Read more

07 Mar 2024

Mahindra Logistics Limited announces the opening of a new 1.1 lakh sq. ft. fulfilment centre in Malda, West Bengal, enhancing its logistics network for grocery and e-commerce sectors. This strategic expansion aims to improve fulfilment and last-mile delivery services, serving Northern West Bengal, Eastern Bihar, and parts of the Northeast. The facility will create over 750 job opportunities and is part of Mahindra Logistics' commitment to diversifying its workforce. With this addition, the company's warehousing capacity in West Bengal increases to 3.3 lakh sq. ft., significantly boosting its logistics capabilities and support for nearly 2000 regional pin codes.Read more

06 Mar 2024

Allcargo Group's subsidiary, Transindia Real Estate (TREL), is set to sell its logistics park in Jhajjar, Haryana, for INR 636.71 crore, aiming to eliminate debt. The divestment includes a 10% stake in various logistics and industrial parks, yielding INR 433.37 crore in cash proceeds. The move aligns with TREL's strategy to focus on infrastructure development and expand operations, evidenced by ongoing projects in Karnataka and potential ventures in Tamil Nadu and Uttar Pradesh. TREL's commitment to quality, innovation, and sustainability is underscored by its track record in managing 5.05 million sq ft of industrial and logistics parks across India.Read more

05 Mar 2024

The latest report by JLL, reveals a significant surge in India's warehousing sector, with total stock reaching 371 million sq. ft by 2023, a 15% YoY growth. Major cities like Delhi NCR, Mumbai, and Bengaluru contribute over half of this stock. The demand for Grade A spaces, driven by hygiene concerns amid COVID-19, led to a net absorption of 40 million sq. ft in 2023. Pune led in absorption with 8 million sq. ft. Overall vacancy rates declined to 15% in 2023 and are expected to further reduce to 8% by 2027, with Grade A vacancy rates projected to remain below 5%. The industry is poised for robust growth, with a projected CAGR of 12% in total warehouse stock and 16% in Grade A stock by 2027.Read more

23 Feb 2024

Walmart, the global retail giant, plans to triple its sourcing from India, targeting USD 10 billion per year by 2027. At the Walmart Growth Summit, the company emphasized supporting Indian MSMEs and entrepreneurs, already training 50,000 individuals under its Walmart Vriddhi initiative. CEO Doug McMillon and President Kathryn McLay highlighted India's potential, aiming to contribute to its USD 4 trillion economy. The summit facilitates global market access for Indian manufacturers, focusing on diverse categories. Walmart's partnerships in India, including Flipkart and initiatives like Flipkart Wholesale, PhonePe, and Walmart Global Tech India, showcase a holistic approach to fostering growth and innovation.Read more