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

29 Sep 2023

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.Read more

27 Sep 2023

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.Read more

26 Sep 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.Read more

19 Sep 2023

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.Read more