In the first nine months this year, 22 million leasing activities took place—almost stable on an year-on-year (YoY) basis.
Sectors that dominated leasing included third-party logistics (50 per cent), engineering and manufacturing (17 per cent), retail (9 per cent), e-commerce (7 per cent) and fast moving consumer goods (4 per cent).
Total supply addition of 13 million sq. ft. was recorded during same period in 2022, the report, titled ‘India Market Monitor—Q3 2022’, said.
Holistic policy initiatives such as PM GatiShakti, and National Logistics Policy, among others, are anticipated to transform the sector and bring it to par with global standards, the report added.
ALCHEMPro News Desk (DS)
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