Delhi’s H1 2022 warehousing demand breaches 2021 levels | Real Estate Asia
, India

Delhi’s H1 2022 warehousing demand breaches 2021 levels

All thanks to the 3PL and e-commerce sectors.

According to Cushman and Wakefield, warehousing demand in Delhi NCR in H1 2022 surpassed the annual demand in 2021 with a transaction volume of 7.0 msf in key submarkets across parts of Haryana, UP and Rajasthan. 

The robust space take-up in the region was led by third party logistics and e-commerce segments, with respective shares of 24% and 15% in the warehousing space leased in H1 2022. 

Here’s more from Cushman and Wakefield:

Delhivery, Safexpress, FedEx, Ecom Express, TVS Supply Chain, Flipkart, Zomato, PharmEasy, Dealshare were among firms that leased spaces in these two leading segments in H1 2022. Other large spaces were taken by firms including Relaxo, CNH Industrial, Croma, Havells, Reliance and Daikin across submarkets. 

The spurt in warehousing demand is owing to increased adoption of e-commerce. This, in turn, is compelling corporates to strengthen and diversify their supply chains and driving demand by logistics firms. 

Farukh Nagar, Luhari, Tauru Road, Pataudi Road in Haryana were micro-markets that drove traction for warehousing space during H1 2022. Sikandrabad, Dhoom Manikpur were key submarkets for warehousing demand in Uttar Pradesh during this period. 

Developers / funds focus on augmenting supply as demand remains strong 

The increasing demand for warehousing spaces amidst lack of adequate quality supply has continued to drive focus on greenfield investments. Pardos Logistics, a development platform by DMI Group’s Alternative Investment Fund, acquired a 41-acres land parcel on Ballabgarh Sohna Highway for a warehousing development. 

In another transaction, NDR Warehousing acquired a 35-acres land parcel on Sohna – Faridabad Road. Land acquisitions by private equity major, Blackstone Group, among a few other transactions during the last year will further boost the organised supply in Delhi NCR in the near future. 

Warehousing rents on the rise, land values appreciated in certain submarkets 

The robust warehousing demand coupled with limited space availability led to a 10 – 15% y-o-y increase in warehouse rents across major submarkets in Haryana. Industrial rents increased by 4 – 8% on a y-o-y basis in select areas. 

Land values in the submarkets of IMT Manesar, Bawal, Faridabad and Noida Phase II surged by 5 – 20% on a y-o-y comparison owing to limited availability of quality land parcels to cater to the huge warehousing demand.


Follow the link for more news on

Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!