Industrial and warehousing park supply to touch 435 million sq ft ... - Moneycontrol

The supply of industrial and warehouse logistics parks (IWLP) in India is projected to grow at a rate of 13-15% annually in FY24, reaching 435 million square feet. The report also found that the warehousing sector is experiencing sustained demand from the third-party logistics (3PL) and automobile sectors. The top five markets, Mumbai, NCR, Pune, Chennai, and Kolkata, account for 75-78% of the total IWLP stock in India. Additionally, the report states that land cost increases may require higher rentals to achieve equity internal rate of return (IRR).

Source: Link