India's Industrial and Warehousing Space Surpasses 500 Million Sq Ft
Synopsis
Key Takeaways
Mumbai, March 21 (NationPress) A recent report has revealed that the industrial and warehousing inventory across eight major markets in India has surpassed half a billion square feet. As of December 31, the total stock stands at 0.549 billion sq ft (549 million sq ft).
This inventory has seen a remarkable 13 percent growth from 486 million sq ft in 2024, as indicated by a report from Knight Frank India.
The findings highlight that these eight cities combined have 256 million sq ft of available space within established warehousing parks, which is over three times the annual transaction volumes recorded in 2025, thereby ensuring sufficient capacity to meet immediate demand.
In this landscape, Mumbai takes the lead in the industrial and warehousing sector, accounting for 31 percent of the total inventory. The city's stock is noted at 170 million sq ft for 2025, marking a 12.5 percent increase from 151 million sq ft in 2024.
The report elaborates, “Mumbai continues to be a pivotal market for warehousing in India, bolstered by its expansive consumption base, port-driven trade operations, and comprehensive logistics framework. The demand is primarily fueled by third-party logistics (3PL), manufacturing, FMCG, and retail sectors, with the Bhiwandi and Panvel areas serving as the core of the city's warehousing ecosystem.”
Following closely, Delhi-NCR accounts for 21 percent of the total industrial and warehousing inventory in these markets. The inventory in NCR is recorded at 115 million sq ft for 2025, reflecting an 11.65 percent growth from 103 million sq ft in 2024.
The report emphasizes that the resurgence in demand from various industries, coupled with robust inter-state connectivity, proximity to large manufacturing hubs, and ongoing industrialization, has solidified Delhi-NCR as one of India's top choices for warehousing.