Indian Economy

[FalconSlayers]

Indian warehousing demand set to reach 1.2 billion sq ft by 2027

A notable shift towards high-quality infrastructure is driving the growth, with Grade A warehousing stock expected to increase from 290 million sq ft in 2023 to 400 million sq ft by 2027. E-commerce, third-party logistics (3PL), and omni-channel retail are emerging as primary drivers of this surge, especially in Tier I and increasingly in Tier II and III cities.

Warehouse absorption in Tier II and III markets saw a 41% rise from 11.6 million sq ft in 2022 to 16.4 million sq ft in 2023. This shift signals a growing emphasis on expanding logistics infrastructure beyond metro cities to meet rising regional demand...

The rise of automation is another key trend shaping the sector. By 2026, India is expected to become one of the top six users of warehouse automation systems globally, with the market estimated to reach $2 billion annually.


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Indian warehousing demand set to reach 1.2 billion sq ft by 2027

The rise of automation is another key trend shaping the sector.

www.constructionworld.in

 

[FalconSlayers]

India's office space market is poised for a record-breaking year in 2024, with demand projected to surpass 70 million square feet, according to a recent report by Savills India, a global real estate advisory firm. This surge is attributed to robust activity in key sectors such as IT-BPM, flexible workspaces, and BFSI.

Between January and September 2024, office space absorption reached 55.1 million square feet, marking a 30% year-on-year increase across six major cities. This figure aligns with the total absorption for the entire year of 2022, setting a new benchmark for the January-September period. With only 7 million square feet needed to exceed 2023's total, 2024 is on track to achieve absorption levels between 70 and 74 million square feet.

The third quarter of 2024 alone saw office absorption rise to 20.2 million square feet, a 28% increase from the same period in 2023.

This is how much office space India will need by the end of 2024 - CNBC TV18

India's office space demand is set to exceed 70 million sqft in 2024, driven by IT-BPM, flexible workspaces, and BFSI sectors. Despite slowed new completions, vacancy rates decreased. Major cities like Bengaluru and Mumbai lead in absorption.

www.cnbctv18.com

 

[FalconSlayers]

India’s data centre capacity to more than double to 2,100 MW by FY27: ICRA​

India’s data centre (DC) operational capacity is expected to more than double to 2,000-2,100 megawatts (MW) by 2026-27, up from 950 MW in 2023-24, according to a report by ratings agency ICRA released on Tuesday.

India’s data centre capacity to more than double by FY27

This forecast is supported by digital explosion, data localisation initiatives and will see an investment of Rs. 50,000-55,000 crore during FY25-FY27, the agency said

www.deccanherald.com

RackBank announces 80MW Madya Pradesh data center in India

Will go live this year

www.datacenterdynamics.com

 

[Azaad]

GDP Growth | Inflated GDP: Why is India’s GDP growth so high but bank credit & consumption are slack, asks Swaminathan Aiyar - The Economic Times

Swaminathan Aiyar, Consulting Editor at ET Now, highlights the puzzling scenario of high GDP growth in India alongside stagnant bank credit and consumer spending. The strong domestic investment in stock markets, inflation concerns, and potential adjustments by the RBI are discussed amid...

m.economictimes.com

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