India’s industrial and logistics construction is poised for unprecedented growth, projected to exceed 60 million square feet in 2024, according to a report by a leading real estate consultancy. The surge is attributed to robust demand from e-commerce, manufacturing, and third-party logistics (3PL) sectors, driven by rapid urbanization, digital transformation, and favorable government policies.
The report highlights that Tier-II and Tier-III cities are emerging as key hubs for logistics development due to improved infrastructure and connectivity. The government’s focus on initiatives like the National Logistics Policy and PM Gati Shakti has streamlined supply chains and reduced costs, fostering a conducive environment for expansion.
E-commerce continues to dominate the demand, contributing significantly to warehousing and last-mile delivery infrastructure. Meanwhile, the manufacturing sector’s growing reliance on automated and tech-enabled facilities is spurring investments in high-grade, sustainable logistics parks.
Sustainability remains a top priority, with developers incorporating green building standards and renewable energy solutions into new projects. Industry experts predict that India’s industrial and logistics sector will play a pivotal role in shaping the nation’s economic trajectory in the coming years.
