Difference between Ready to move and Built to suit warehouse facilities
According to Knight Frank’s India Warehousing Market Report 2019, warehousing markets in India witnessed a growth of 77% year -on -year in leasing in April 2018 – March 2019. Builders and developers are in pursuit of constructing huge warehouse spaces to satisfy occupier needs and flexibility. Largely, two models evolve in the space – Built to suit and Ready to move warehouse facilities. Built-to-suit (BTS) warehouse facility is a model wherein occupier is committed to taking space on lease and the space is customized according to his/her requirements by the developer. All the design and construction requirements are shared at the outset by the leaser, which when agreed upon, the actual warehouse construction commences, as per the specifications of the business firm and the BTS agreement signed at the outset. Customised design as per client’s needs is brought to life using resources and expertise of developers. This unleashes the dynamism and flexibility that businesses req