CRE Matrix & CREDAI Presents India Warehouse Report Q3 CY'24

The 9M CY'24 India Warehousing Report by CRE Matrix provides an in-depth analysis of the growing Grade A/A+ warehousing sector. The report highlights a significant *12% year-on-year increase in market rentals* for Q3 CY'24, driven by robust demand across key regions. Pune and MMR emerged as the largest demand hubs, contributing *50% of Pan-India warehousing demand, while NCR and Bengaluru accounted for **43% of the total supply*. The absorption-to-supply ratio stood at an impressive *1.4, showcasing a strong appetite for quality warehousing spaces. Sectors such as **manufacturing, 3PL (third-party logistics), and **e-commerce* continue to drive this growth, reflecting the evolving dynamics of India's supply chain and logistics landscape. The report further emphasizes the sector's momentum with a decline in vacancy rates and a projected *300 million sq. ft. of ready stock* by the end of 2025. With detailed city-wise insights and emerging trends, the report offers valuable guidance for industry stakeholders navigating the evolving warehousing ecosystem in India.