Over the next decade, business opportunities in logistics and industrial parks are going to be robust - Dr. Niranjan Hiranandani CMD, Hiranandani Communities

As India’s new-age economy – including e-commerce and organized retail - morph into the larger quantum of growth, in sync with the same, we have seen commercial real estate throw up some surprises.

Among these, consider what essentially, is an integral part of the supply chain: warehousing and logistics. Hubs were based on the location advantage of being just outside Octroi limits.

The introduction of GST with Octroi being subsumed as also better connectivity through highways and roads have been the major drivers of the ‘explosion’ of new locations that have come up as warehousing and logistics hubs. In turn, these have seen a huge quantum of growth in this new segment of commercial real estate. Looking at the future, it is not just that the Indian warehousing and logistics sector has been steadily growing; over the next decade, business opportunities in logistics and industrial parks are going to be robust. As I understand, half a dozen global firms are in talks for billion-dollar deals in the sector across India.

We are on track for India to become a $5 trillion economy; I have a very bullish view on the economy in the long term. Logistics and warehousing will be one of the major beneficiaries of this growth, which I expect will not just contribute to economic growth but also generate employment.