The Adani Logistics Park (which has a dedicated railway line for sending automobiles straight to the Mundra Port), SafeExpress, DB Schenker, TVS Supply Chain Logistics, and Chetak Logistics have their warehouses in the region. So does IndoSpace, currently India’s largest warehousing developer—its grade ‘A’ facility here is spread across 38 acres and is leased to logistics company Delhivery, Mi Phones, and Adidas.
Indian warehouses, even a few years back, were mostly godowns—small, cemented buildings with poor lighting or ventilation. With the introduction of the goods and services tax (GST) in 2017, the sector changed dramatically. From small, regional warehouses, set up for tax efficiency, developers started building larger warehouses in hubs that mattered. For instance, Luhari has easy access to the big consumption markets of Delhi and Gurugram. Its proximity to NH-48, or the Delhi-Mumbai highway, gives it additional connectivity to the western part of the country.
Grade ‘A’ are the most advanced—they are bigger and taller; have superior construction quality; efficient material handling space; safety and security systems.
IndoSpace, a joint venture between private equity firm Everstone Group, Singapore-based logistics and real estate investment firm GLP, and industrial real estate company Realterm, has 50 such grade ‘A’ parks in India. They are spread across 57 million sq ft in 10 cities.
While the GST put the warehousing sector on steroids, IndoSpace has been at it for over 15 years now. When the company entered the market in 2007, it was one of the first organized warehousing developers. Over the next decade, it played a pivotal role in shaping the sector. India’s warehousing stock of grade A and B facilities has grown to 330 million sq ft today, from 140 million sq ft in 2017, according to estimates by JLL, a property advisory.
この記事は Mint Mumbai の May 11, 2023 版に掲載されています。
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この記事は Mint Mumbai の May 11, 2023 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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