QUARTERLY REPORT

GRADE A - WAREHOUSING
TIER-1 CITIES (NCR, BENGALURU, CHENNAI, MMR, PUNE, HYD) | Q3-CY-2021

Demand, Supply & Pricing Dynamics

Grade A Supply Grade A Demand Grade B & C absorption

7.4 Mn Sq.ft. 7.9 Mn Sq.ft. 3.7 Mn Sq.ft.

Total Grade A Warehousing stock added in Tier-1 Grade A - Absorption in Tier-1 cities, increased by
cities, increased by 86% over the previous quarter 30% over the previous quarter and decreased by -
and increased by 74% vs Q3CY20 11% vs Q3CY20

Tier-1 Cities: Grade A -Demand & Supply Sector-wise Split of Warehousing Leasing
– Q3CY21 vs Q2CY21
Demand Supply
30 0.2 msf
24.5
25 21.8 0.0 msf
19.3
17.5
Mn. Sq.ft.

20 16.5 0.9 msf 1.5 msf

15.2 15.2
15 0.4 msf
9.7 9.9
10 7.8
5.9
5 3.5 0.6 msf
2.2 msf
0 0.2 msf
6

21
1

1.1 msf
20
20

20

20

20

20

0.8 msf
CY
CY

CY

CY

CY

CY

9M

2.0 msf
0.4 msf
0.6 msf
In-Place Rents & Vacancy Trends – Warehousing
Wt. Avg. Grade A Rentals Vacancy (%)
2.4 msf
30 25% 0.4 msf
22.6% 2.2 msf
20.6%
25 23.1 20%
Rs / sq.ft.

16.6% 22.2
15.4% 3PL Automotive
20 15%
20.4 20.2 20.5 21.1 E-Commerce Electrical/Electronics
15 11.1% 10% Manufacturing Others
10.8%
Pharma/Life Sciences Retail
10 5%
CY2016 CY2017 CY2018 CY2019 CY2020 9MCY21
Outer Circle – Q3CY21 | Inner Circle – Q2CY21

MAJOR RECENT WAREHOUSING TRANSACTIONS

Rentals
Tenant Complex Area (sq.ft.) Micro-Market
(INR / Sq.ft. / month)

Instakart ADV Industrial Park 1,86,663 Medchal, HYD 16.9

Pegatron Logos MWC Industrial Park 4,23,184 Chengalpattu,CHN 36.5
Wakefit Innovations Avigna Industrial Park 3,39,332 (carpet) Hosur, BLR 15 (carpet)
Amazon Indospace Chakan 4 1,73,263 Chakan, Pune 27.7
FM India Supply Model Economic Township 3,47,505 Badli,NCR 23.9

1203,12th Floor, Copyright © 2021 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

GRADE A - WAREHOUSING
TIER-1 CITIES (NCR, BENGALURU, CHENNAI, MMR, PUNE, HYD) | Q3-CY-2021

Demand, Supply & Pricing Dynamics

Warehouse Demand – Q3 CY 2021 – City Break-up

100%

90%
Hyderabad
80%

70%
Chennai
60%

50% Bengaluru

40%
Pune
30%

20%
NCR
10%

0% MMR
CY2016 CY2017 CY2018 CY2019 CY2020 9MCY2021

Warehouse Supply – Q3 CY 2021 – City Break-up

100%

90%
Hyderabad
80%

70% Chennai

60%
Bengaluru
50%

40% Pune
30%

20% NCR

10%
MMR
0%
CY2016 CY2017 CY2018 CY2019 CY2020 9MCY2021

1203,12th Floor, Copyright © 2021 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