Warehousing to grow in investment
According to industry experts, private equity players are keen on grabbing the opportunity on the warehousing sector which is likely to grow at 9-11 percent every year. “Warehousing industry has seen a sharp growth in demand primarily driven by new age e-commerce industry and growth in organized retail which are leveraging technology in the supply chain,” said VikramGoel, Chief Executive, HDFC Realty. According to Jones Lang LaSalle (JLL), Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad had a cumulative supply of organized Grade-A and Grade-B warehousing space of around 97 million sqft in 2015 and this is expected to grow to around 116mn sqt by the end of 2016.
Tags : News/Views