QUARTERLY REPORT

WAREHOUSING
PAN-INDIA | Q3 CY’20
Pan-India Grade-A Warehousing Demand, Supply & Pricing

3.45 Mn Sq.ft. 3.81 Mn Sq.ft.

Total Industrial stock added in Net Absorption in Tier-I cities,
Tier-I cities, grown by 88% over increased by 93% over the
the previous quarter and previous quarter and reduced
reduced by 34% vs Q3 CY’19 by 33% vs Q3 CY’19

Pan India Demand & Supply Sector-wise Split of Warehousing Leasing

– Q3 CY 20 vs Q2 CY 20
Demand Supply
20 Q2
2.0m
Q2 2%
15
Mn. Sq.ft.

1.8m 3%
Q3 Q3 4%
3.8m 3.4m
10 7% 1%
6%
5 Q1
6.0m
Q1 10%
5.3m
0
2016 2017 2018 2019 Q1 to Q3 11% 47%
CY’20

72%

Avg. Passing Rent & Vacancy Trends – 37%

Pan India Warehousing
Wt. Avg. Grade A Rentals Vacancy (%)
15%
28 25.0 23.3
10.0% 9.6% 19.7
23 22.9 10% E-Commerce 3PL
18 8.8%
7.6% Others Automotive
17.9 17.5
8.6% 5%
13 6.7% Manufacturing Retail

8 0%
2016 2017 2018 2019 Q2 Q3
2020 2020 Outer Circle – Q3 CY’20 Inner Circle – Q2 CY’20
For closed spaces only

MAJOR RECENT WAREHOUSING TRANSACTIONS

Rentals
Tenant Complex Area (sq.ft.) Cluster
(INR / Sq.ft. / month)
Mahindra Logistics Survey No. 45 (Pise) 268,800 Bhiwandi, MMR 14.8
Wholcom Trading VP Logistics Park 201,700 Hoskote, BLR 19.5
Amazon Gallops Industrial Park 1 (Rajoda) 190,200 Bavla, AMD 19.6
Ismartu India Plot D-199, Sector 63 145,000 Noida, NCR 22.1
Amazon Embassy Farukhnagar 139,000 Farukhnagar, NCR 19.5
Report covers major cities including MMR, NCR, Hyderabad, Pune, Chennai, Bengaluru & Kolkata

1203,12th Floor, Copyright © 2020 CRE Matrix

Lodha Supremus, Information and data within this report were obtained from sources deemed to be reliable. No
Saki Vihar Road, Powai, warranty or representation is made to guarantee its accuracy. No responsibility is assumed for any
Mumbai, Maharashtra 400072 inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of
the material contained in this report
QUARTERLY REPORT

WAREHOUSING
PAN-INDIA | Q3 CY’20
Pan-India Grade-A Warehousing Demand, Supply & Pricing

MMR PUNE

• Supply up by 46% vs previous year same • Net Absorption to Supply Addition

quarter;
ratio stood at 2.8 as compared to 1.3
• Overall contribution of MMR in Pan-India in previous quarter
supply addition increased to 40% in Q3
CY’20 vs 9% in previous quarter • No major supply addition in last two
quarters has resulted vacancy
• Net Absorption was 1.5 times its Q2 CY’20 dropping to 3.7% from 4.7% in
levels
previous quarter and 7.5% a year ago
• Overall contribution in Pan-India net
absorption increased to 40% in Q3 CY’20 vs
23% in previous quarter
CHENNAI

DELHI-NCR
• Supply addition of 0.6 msf, at 79% of its last
18-quarter average quarterly supply (0.79
msf)
• Net Absorption increased by 27% Q-o-Q
and stood at 1.3 times its last 18-quarter
average quarterly net absorption level (0.74
msf)
• Net Absorption to Supply Addition ratio
stood at 1.4 as compared to 0.9 in previous
quarter
• Supply addition in Chennai more than
tripled vs previous year same quarter
• Overall contribution of Chennai in
Pan-India supply addition jumped to
30% in Q3 CY’20 vs 4% in previous
quarter and 5% in Q3 CY’19
• Net Absorption in Chennai increased
by 55% Q-o-Q and declined by 64%
vs previous year same quarter

BENGALURU CRE LOGISTICS

By CRE Matrix
• Supply addition increased by 64% vs
previous year same quarter and stood at CRE Logistics is India’s most
1.6 times of its last 18-quarter average preferred and authentic source of
quarterly supply addition of 0.23 msf Industrial analytics platform across
all tier I / II / III cities, segments
• Net Absorption increased by 53% Q-o-Q (warehouses, logistics,
and was 2.8 times its previous year same manufacturing etc.) and grades.
quarter levels

1203,12th Floor, Copyright © 2020 CRE Matrix

Lodha Supremus, Information and data within this report were obtained from sources deemed to be reliable. No
Saki Vihar Road, Powai, warranty or representation is made to guarantee its accuracy. No responsibility is assumed for any
Mumbai, Maharashtra 400072 inaccuracies. Readers are encouraged to consult their professional advisors prior to acting on any of
the material contained in this report