Industrial & Logistics sector leasing grew by 48% QoQ in CY Q3 at 11.4 mn sq ft

The Industrial & Logistics sector experienced a 48% growth in the July-September 2024 quarter, with leasing activity mainly driven by Delhi-NCR, Kolkata, and Hyderabad. Domestic corporations led with an 82% share in leases. Key expansions in warehousing are anticipated in Tier-II and Tier-III cities to optimize operational costs and expand distribution networks.