- Warehousing Stock: In the year 2019, warehouse absorption stood at 34 Mn sq. ft. and Vacancy less than 10% in all of India. Outlook for 2020 remains positive with a 20% growth mainly driven by Manufacturing Sector Leasing more and 3PL & Ecomm increasing their needs in Tier-II cities.
|Warehousing Stock across top cities|
|Ahmedabad||3.3 mn Sqft||1.85 mn Sqft|
|Bangalore||6.36 mn Sqft||5.5 mn Sqft|
|Chennai||3.92 mn Sqft||3.5 mn Sqft|
|Delhi||8.1 mn Sqft||7.75 mn Sqft|
|Hyderabad||2.9 mn Sqft||2.1 mn Sqft|
|Kolkata||3.96 mns Sqft||3.31 mn Sqft|
|Mumbai||5.7 mn Sqft||5.5 mn Sqft|
|Pune||3.7 mn Sqft||3.5 mn Sqft|
- Rental Stock: The year 2019 saw a major push on specifications and compliance from occupiers with Rents moving up by 5% to 10%. The Outlook will focus on Grade A Speculative Stock which is Compliant & Improved Specifications from Developers.
- Land: 2019 saw 3500 acres being transacted with the majority being outright purchase followed by JVs and JDs apart from few marque assets.
- Sectoral overview: The manufacturing sector absorbed around 6 Mn sq. ft. pan India. Ecommerce and 3PL leased around 20 Mn sq. ft. all India. SMEs & Electronic components manufacturers and the Auto sector leased significantly in few cities in India.
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