India Warehousing Market Report 2021

1 India Warehousing Market Report 2021 India Warehousing Market Report Warehousing Market Report 2021 India Warehousing Market Report Warehousing Market Report 2021 FOREWORDThe past five quarters have been nothing short of a roller coaster ride. The prolonged COVID-19 pandemic forced us to navigate tight turns and steep slopes of successive infection waves that adversely impacted human life, and the consequent state-imposed lockdowns constricted economic activity to a bare minimum during its peak. As a human race, our collective response to combat the virus exhibits strong hope.

2 Vaccination progress in a populous and diverse country like ours will bring stability, however, the prognosis of an impending third wave implies that we need to remain ever vigilant and not let our guards down as we resurrect human lives and this prolonged pandemic period, most commercial real estate asset classes have suffered strong headwinds. In comparison, the Indian Warehousing sector was adversely impacted to a lesser magnitude on key business parameters. In fact, the sector shows great promise with recognition of its pivotal role as a critical link between the manufacturer and the end consumer.

3 Efficient logistics and distribution will be a key determinant of a business' success in today's ultra-competitive environment. In this Report , we assess the Warehousing Market dynamics of key primary and secondary cities in India on parameters of demand, supply, occupancy and price. We also take note of pandemic- influenced transient as well as long-term impact areas that are worthy of attention for business participants. For instance, on the demand side, while we capture a stronger e-commerce occupier trend and rising prominence of secondary cities, the supply side has seen a strong trend of institutional participation and large, high quality warehouse spaces with enhanced automation within the warehouse facility.

4 The Warehousing space per capita in India remains low compared to developed economies. With the critical business objectives that a supply chain serves, we believe that industrial and Warehousing spaces have a long runway for growth in this country. This premise also builds a pathway to progress on the maturity curve for the sector and promotes increased institutional participation. We gathered great learnings while making this Report and I am especially thankful to our industry stalwarts for contributing to this endeavor. I hope the Report adds value to you and opens new business vistas for this promising sector.

5 I look forward to your feedback and wish you and your loved ones a safe and healthy BaijalChairman and Managing DirectorINDIA Warehousing Market Report 2021 CONTENTSPage no. 04010203040506 AhmedabadAmbala-RajpuraBengaluruBhubanes warChennaiCoimbatoreGuwahatiHyderabadKol kataLucknowLudhianaMumbaiNCRPuneSuratVap iVisakhapatnamAgraIndoreJaipurNagpurKoch iPatnaSiliguriVadodaraPage no. 05 Page no. 10 Page no. 15 Page no. 22 Page no. 91 FOREWORDCOVID-19 IMPACT ON Warehousing MARKETINDIA Warehousing Market OPPORTUNITYWAREHOUSING Market ANALYSISWAREHOUSING Market SOTHERWAREHOUSING Market S4 India Warehousing Market Report 2021 FOREWORDThe past five quarters have been nothing short of a roller coaster ride.

6 The prolonged COVID-19 pandemic forced us to navigate tight turns and steep slopes of successive infection waves that adversely impacted human life, and the consequent state-imposed lockdowns constricted economic activity to a bare minimum during its peak. As a human race, our collective response to combat the virus exhibits strong hope. Vaccination progress in a populous and diverse country like ours will bring stability, however, the prognosis of an impending third wave implies that we need to remain ever vigilant and not let our guards down as we resurrect human lives and this prolonged pandemic period, most commercial real estate asset classes have suffered strong headwinds.

7 In comparison, the Indian Warehousing sector was adversely impacted to a lesser magnitude on key business parameters. In fact, the sector shows great promise with recognition of its pivotal role as a critical link between the manufacturer and the end consumer. Efficient logistics and distribution will be a key determinant of a business' success in today's ultra-competitive environment. In this Report , we assess the Warehousing Market dynamics of key primary and secondary cities in India on parameters of demand, supply, occupancy and price. We also take note of pandemic- influenced transient as well as long-term impact areas that are worthy of attention for business participants.

8 For instance, on the demand side, while we capture a stronger e-commerce occupier trend and rising prominence of secondary cities, the supply side has seen a strong trend of institutional participation and large, high quality warehouse spaces with enhanced automation within the warehouse facility. The Warehousing space per capita in India remains low compared to developed economies. With the critical business objectives that a supply chain serves, we believe that industrial and Warehousing spaces have a long runway for growth in this country. This premise also builds a pathway to progress on the maturity curve for the sector and promotes increased institutional participation.

9 We gathered great learnings while making this Report and I am especially thankful to our industry stalwarts for contributing to this endeavor. I hope the Report adds value to you and opens new business vistas for this promising sector. I look forward to your feedback and wish you and your loved ones a safe and healthy BaijalChairman and Managing DirectorINDIA Warehousing Market Report 2021 CONTENTSPage no. 04010203040506 AhmedabadAmbala-RajpuraBengaluruBhubanes warChennaiCoimbatoreGuwahatiHyderabadKol kataLucknowLudhianaMumbaiNCRPuneSuratVap iVisakhapatnamAgraIndoreJaipurNagpurKoch iPatnaSiliguriVadodaraPage no.

10 05 Page no. 10 Page no. 15 Page no. 22 Page no. 91 FOREWORDCOVID-19 IMPACT ON Warehousing MARKETINDIA Warehousing Market OPPORTUNITYWAREHOUSING Market ANALYSISWAREHOUSING Market SOTHERWAREHOUSING Market S4 India Warehousing Market Report 2021 COVID-19 IMPACT being a storage depot to a virtual pit-stop that facilitates inventory management , secondary packaging, cross-docking and extraction of products in the least possible the COVID-19 pandemic threatening to push India off its economic growth trajectory, the real estate sector's resilience has been tested to its limit. While demand in other commercial real estate asset classes like hospitality, retail and office have been severely impacted during the previous year, the Warehousing Market has been relatively less adversely impacted.