India’s warehousing leasing to touch 20 mn sq ft in 2018
Robust leasing activity and government push will see demand for warehousing space in India reach 20 million square feet in 2018, according to ‘2018 Asia Pacific Real Estate Market Outlook – India’ report. It has been published by CBRE South Asia, an India-based real estate consulting firm.
This growth will be lead by third party logistics and e-commerce players. Benefits of government initiatives such as goods and services tax and grant of infrastructure status are set to provide further impetus and spur inflow of institutional capital.