Realtors are now largely invested in Warehousing
Rushabh Vora, Co-Founder and Director of real estate services company SILA, said that so far, the domestic warehousing industry had been dominated by small and unorganized players. But occupiers are now moving out to consolidate their activities in large facilities.
The bullishness of these developers is backed by on-ground demand. According to real estate consultancy CBRE, leasing activity in the Indian logistics sector reached an all-time high of 17 million sft in 2017. To cater to this demand, the number of newly-constructed warehousing units should increase by 25 per cent CAGR until 2021. This growth will be seen around the densely populated metros and tier-1 cities and presents an opportunity for both real estate funds as well as developers.
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