e-commerce: Warehousing supply across India's key cities to touch 516 million sq ft by 2026
The warehousing industry is seeing significant growth in India, driven by rising consumer demand, the expansion of e-commerce, and investment in manufacturing, with cumulative supply expected to reach 516 million sq ft by 2026. Mumbai, Pune, and Delhi showed the highest demand during H1 2021, with a total of 15 million sq ft of net absorption. Logistics and industrial sectors remained resilient post-pandemic and are expected to pick up pace in H2 2021, with increasing upward rental bias in select markets.