The industrial and warehousing sector across eight major real estate markets in India is poised for significant growth, with total stock projected to reach 549 million square feet by 2025. This figure reflects a robust expansion driven by diverse industries, including manufacturing, fast-moving consumer goods (FMCG), and retail. The eight cities identified in this report—Mumbai, the National Capital Region (NCR), Bengaluru, Chennai, Ahmedabad, Pune, Kolkata, and Hyderabad—are expected to collectively contribute to this impressive inventory, with Mumbai and NCR leading the charge.
Mumbai remains at the forefront of India's warehousing landscape, characterized by a substantial consumer base and strategic port-led trade activities. The city's extensive logistics infrastructure supports its role as a key player in the sector, with areas such as Bhiwandi and Panvel serving as crucial hubs for warehousing operations. According to the report, demand from third-party logistics providers (3PL), along with manufacturing and retail occupiers, continues to fuel this growth trajectory. As the city grapples with increasing demand, it is well-positioned to accommodate near-term expansions, thanks to its existing warehousing parks that hold a potential space of 256 million square feet—over three times the annual transaction volumes recorded in 2025.
Following Mumbai, the NCR has emerged as the second-largest warehousing market, contributing 115 million square feet, or 21% of the total stock. This region has experienced an annual growth rate of 11.65%, driven by its superior inter-state connectivity and proximity to large-scale manufacturing facilities. The sustained industrialization of the NCR has solidified its status as a preferred destination for warehousing, accommodating the renewed demand from various sectors. Other cities also show promising growth; Bengaluru's warehousing stock is expected to increase to 60 million square feet in 2025, up from 48 million square feet in the previous year. Similarly, Pune's inventory is projected to rise to 44 million square feet, reflecting a significant uptick in demand.
Chennai, Ahmedabad, Kolkata, and Hyderabad also contribute to the overall growth of the sector, with each city recording increases in their respective warehousing stocks. Chennai's inventory is anticipated to reach 47 million square feet, while Ahmedabad is expected to grow to 45 million square feet. Kolkata's stock is projected to rise to 42 million square feet, and Hyderabad is set to increase to 27 million square feet by 2025. This collective growth across the eight cities underscores the resilience and potential of India's warehousing market, which is adapting to meet the evolving demands of various industries and positioning itself for continued success in the coming years.