22 Feb 2024

Despite economic uncertainty and decreased investment, the warehousing and logistics industry demonstrated resilience in 2023, with warehouse space usage increasing by 21% to 37.8 million sq ft, surpassing pre-pandemic levels. Institutional investment decreased by 65%, totalling USD 646 million, as investors adopted a cautious approach. Third-party logistics (3PL) firms played a crucial role, representing 44% of total absorption. Mumbai led in absorption, while Kolkata experienced a decline due to warehouse shortages. NCR saw a 21% rise in absorption, driven by its strategic location and e-commerce growth. Southern cities remained significant players despite challenges. While 2024 poses uncertainties, long-term growth prospects remain optimistic, with a predicted CAGR of 10%-13% driven by e-commerce expansion and infrastructure development.Read more

16 Feb 2024

Zomato has secured a 7-year lease for 3.08 lakh sq. ft. of warehousing space at Sumadhura Logistics Park near Bengaluru. This deal, marking one of Zomato's largest warehousing transactions, comes as the company reported a net profit of INR 138 crore for the October-December period. Sumadhura Logistics Park, with an initial investment of INR 600 crore, spans 100 acres and offers 2.5 million sq. ft. of commercial warehouse space. The park aims to expand to 6 million sq. ft. in the next phase. Warehouses play a crucial role in buffering against disruptions, with retail being a key driver of warehousing demand in India.Read more

15 Feb 2024

Metro Brands Ltd secures its largest warehousing space, a 3.25 lakh sq ft facility in Bhiwandi near Mumbai, for a five-year term. With over 826 stores nationwide, the move supports the company's expansion strategy. Facilitated by Colliers India, the transaction underscores the resurgence of the retail industry and rapid advancements in warehousing. RK Builders Group, the lessor, brings a strong track record to the deal. Reflecting broader trends, the industrial and warehousing sector witnessed steady growth, with Mumbai's Bhiwandi emerging as a preferred market. This strategic move aligns with Metro Brands' vision for aggressive growth and commitment to operational efficiency.Read more

08 Feb 2024

Adani Ports and Special Economic Zone (APSEZ) is strategically expanding their logistics business, with a focus on increasing warehousing capacity, rakes, industrial parks, and agri silos. The logistics segment contributed 8% of the company's total revenue in Q3FY24, and Adani Ports aims to triple its rake capacity and commission two new multimodal logistics parks in the next 3-4 years. With plans to expand warehousing capacity to over 60 million square feet, Adani Ports is positioning itself to play a significant role in the growing demand for efficient logistics solutions.Read more

07 Feb 2024

The Karnataka government has partnered with Wistron, a Taiwan-based ICT Service Management Solutions company, to establish a laptop manufacturing plant near Bengaluru. With an investment of Rs 1,500 crore, the fully automated facility is set to create 3,000 jobs and become operational by January 2026. This first-of-its-kind unit in Karnataka will manufacture laptops for various brands, exporting more than 50% of its production. The plant's focus on Industry 4.0 standards extends to producing IoT components and Electric Vehicle (EV)-related parts. This is aimed at positioning Karnataka as a leader in electronics manufacturing and fostering innovation.Read more

05 Feb 2024

TVS Industrial and Logistical Parks (TVS ILP) has entered a strategic partnership with the Goa Investment Promotion & Facilitation Board (Goa-IPB) to establish a cutting-edge Grade A Logistics & Warehousing Park in Verna Industrial Estate. The INR 125 crore investment aims to redefine logistics standards across 15-20 acres, fostering economic growth and creating employment for 250 individuals with indirect opportunities for up to 1000 people. TVS ILP's ambitious plans include developing 20 million square feet of infrastructure nationwide in the next three to four years.Read more

01 Feb 2024

Mahindra Logistics Limited (MLL) is constructing a state-of-the-art warehousing facility in Phaltan, near Pune, covering 6.5 lakh sq. ft. Designed in two phases, the first phase of 3.5 lakh sq. ft. is set to commence operations by end-2024. Strategically positioned near key customers in the auto OEM and components sectors, the facility will integrate with MLL's national network, supporting logistics operations for diverse clients. Committed to sustainability, the warehouse will adhere to green standards and contribute to community development. The first phase, contracted to a manufacturing customer, aims for operational status by Q3 2024-25. The project reflects MLL's commitment to efficient and sustainable logistics.Read more

30 Jan 2024

In 2023, the Mumbai Metropolitan Region (MMR) achieved a historic milestone with an all-time high of 9.9 million square feet in Industrial & Logistics (I&L) leasing, fueled by robust activities in the second half. Dominated by third-party logistics (3PL) players at 73%, the MMR leasing dynamics showcased remarkable growth. Nationally, the I&L sector recorded a peak of 38.8 million square feet in leasing activity across eight cities, driven by structured operational models and increased demand for last-mile delivery solutions. The sector's resilience and strategic realignment has set the stage for continued growth.Read more

29 Jan 2024

Anant Raj Ltd raised Rs 500 crore through QIP for debt reduction and working capital. The oversubscribed issue attracted over three times the applications. The company plans to invest Rs 1,000 crore in projects across Gurugram, Delhi, and Tirupati, including luxury and affordable housing. They aim to launch these projects in the next 6-9 months, anticipating Rs 4,500-5,000 crore in revenue over 3-4 years. Additionally, Anant Raj will invest Rs 10,000 crore in developing 300 MW data centre buildings, converting existing IT structures in Haryana.Read more

26 Jan 2024

In 2023, the industrial and warehousing sector in India's top five cities demonstrated resilience with a 2% annual growth, reaching 25 million sq ft of gross leasing. Pune led with a 25% share, followed by Mumbai at 22%. Bhiwandi and Chakan-Talegaon were the most active micro markets. Third-party logistics players (3PL) constituted 40% of warehousing demand. Leasing by FMCG players tripled compared to 2022. Pune led in consecutive years of growth, while new supply reached 23.2 million sq ft. The sector is poised for continued momentum, driven by factors like EVs and increased retail consumption.Read more