India Warehouse Boom—Context
India’s eight largest metros now total about 549 million sq ft of industrial and warehousing stock—a 13% YoY increase—offering a cautionary parallel on managing supply pressure and rising tenant expectations. That scale growth highlights why modern, flexible space and tech readiness are global tenant priorities. (tribuneindia.com)
Mumbai alone holds about 170 million sq ft of industrial and warehousing inventory — roughly 31% of the top‑eight market stock — while the National Capital Region accounts for about 115 million sq ft; Mumbai’s stock rose ~12.5% YoY and NCR’s ~11.65% YoY. (economictimes.indiatimes.com) Knight Frank defines the “top eight” benchmarking markets as Mumbai, the National Capital Region (Delhi), Bengaluru, Chennai, Ahmedabad, Pune, Kolkata and Hyderabad. (hindustantimes.com) Those eight metros contain about 256 million sq ft of developable space inside established warehousing parks — a backfill pipeline the report says is more than three times the annual leasing run‑rate in 2025. (economictimes.indiatimes.com) Knight Frank records roughly 72.5 million sq ft of leasing transactions in 2025 (a 29% YoY increase), with Q4 2025 the busiest quarter at about 23.4 million sq ft and Pune emerging as the single‑city leasing leader at ~16 million sq ft for the year. (cnbctv18.com) Occupier demand in 2025 skewed toward manufacturing-led deals alongside continued uptake from 3PLs and FMCG firms, while e‑commerce leasing rebounded sharply — Knight Frank flags e‑commerce transaction volumes up more than 50% in 2025. (economictimes.indiatimes.com) (thehindubusinessline.com) Grade‑A space dominated H1 2025 activity, with 63% of transacted area occurring in Grade‑A facilities during the period — underscoring occupiers’ preference for modern, higher‑spec logistics product. (content.knightfrank.com)
