Which city led India's warehousing market in 2024 with the highest transaction volume?

The correct answer is Mumbai.

In News

• The Knight Frank India report highlighted Mumbai as the leading city in India's warehousing market, with 10.3 million sq ft transacted in 2024.

Key Points

• India’s total warehousing transaction volume grew by 12% YoY, reaching 56.4 million sq ft in 2024.
• Mumbai recorded the highest transaction volume at 10.3 million sq ft, with third-party logistics (3PL) occupying 43% of the space.
• NCR followed with 16% of total transactions, while Bengaluru, Kolkata, Ahmedabad, and Chennai saw 25-29% growth.
• The warehousing sector also attracted $1,877 million in private equity investments, a 136% YoY increase.

Additional Information

• Warehousing Market Growth
  • India’s warehousing market has seen consistent growth due to rising demand from e-commerce, manufacturing, and supply chain expansion.
  • Grade A spaces accounted for 62% of total transactions, ensuring high-quality logistics facilities.
• Third-Party Logistics (3PL)
  • 3PL providers manage logistics operations such as transportation, warehousing, and fulfillment services for businesses.
  • Kolkata and Mumbai saw significant warehousing demand driven by 3PL and e-commerce companies.
• Private Equity Investment Surge
  • Warehousing sector investments surged by 136% YoY, reflecting institutional interest in logistics infrastructure.
  • The rise in e-commerce and manufacturing expansion contributed to higher investment flows.