India warehousing space demand skyrockets amid robust manufacturing: Report ...Middle East

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India warehousing space demand skyrockets amid robust manufacturing: Report
Mumbai: Amid growing demand from the manufacturing sector, warehouse transactions across eight primary markets in India were recorded at 23 million square feet in the first half this year, a report showed on Tuesday. Almost 55 per cent of these transactions occurred in ‘Grade A’ spaces, led by Mumbai which accounted for 20 per cent of the total warehousing volume, according to the report by Knight Frank India. “Demand from the manufacturing sector has compensated for the lull in e-commerce and helped broad base the market’s occupier profile,” said Shishir Baijal, Chairman and Managing Director, Knight Frank India. While the availability of viable land for warehousing development remains a c

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