Warehousing brings cheer to Gurugram’s real estate sector

The warehousing segment may lack the charisma that a posh residential property may boast of but currently it is driving the real estate market in rural Gurugram, creating jobs and bringing in investment from India and abroad. Amid a general slowdown in the real estate market in Gurugram, warehousing is booming. Large boxes of steel, covering lakhs of square feet of area, are emerging on agricultural land in Pataudi, Dharuhera, Tauru road, Farrukhnagar, Manesar and along the Patli Road. Real estate experts assert that this area, popularly known as NH48 or NH8 corridor, has emerged as one of the largest warehousing hubs across the country. The warehousing segment may lack the charisma that a posh residential property may boast of but currently it is driving the real estate market in rural Gurugram, creating jobs and bringing in investment from India and abroad. Nearly 9% of the entire private investment in the real estate since 2017 has been ploughed in this sector, say industry experts.