The first half of 2024 witnessed a significant increase in warehousing and logistics absorption, with Mumbai and Pune leading the charge. The sector also saw a notable increase in investments, with $1.6 billion poured in during H1 2024.
WarehousingLogisticsAbsorptionInvestmentsReal EstateReal Estate NewsAug 01, 2024
The growth rate of warehousing and logistics absorption in H1 2024 was 8% YoY.
Mumbai and Pune were the top performers, accounting for 63% of the total absorption in H1 2024.
The total investment in the warehousing and logistics sector in H1 2024 was $1.6 billion.
The growth of the warehousing and logistics sector in H1 2024 was driven by the expanding economies of the world and the increased participation of foreign investors in the Indian warehousing sector.
The growth of the warehousing and logistics sector is expected to continue, driven by the government's focus on infrastructure development and the increasing demand for grade-A warehouses.
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