Warehousing Leasing – What does it hold in Indian scenario
Indian warehouse leasing sector is on the cusp of experiencing unparalleled growth in the overall Indian economic landscape, seldom visible in other sectors. Largely driven by online e-commerce boom, positive technological disruptions and favourable governmental policy reforms, the warehousing construction and leasing market is fast becoming a major peripheral sector indispensable to contribute towards positive user experience. No wonder, developers don’t want to lose out on this high yielding asset, and are tying up with global investors to capture a foothold in this exciting market. The magnitude of the sector’s growth can be gauged from the fact that leasing of warehouses increased by a whopping 31% year-on-year in 8 major cities in first 6 months of 2019 alone, according to CBRE. The race to acquire huge land spaces to build and maintain massive warehousing spaces is a phenomenon largely fuelled by technological advancements, with user demand and contemporary business models tri