Market Report
Warehousing and Logistics Sector Review H1 2024
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Key Insights
1
Mumbai and Pune together accounted for 63% of the total absorption in H1 2024
2
The share of 3PL (3 Party Logistics) companies increased from 26% in H1 2023 to 39% share in H1 2024 rd
3
Institutional investments reached USD 1.6 Bn in H1 2024, accounting for 42% of the total institutional investment received in the real estate sector
Key Takeaways
- Participation of foreign investors increased, easing the availability of funds in the sector
- Government announcements to boost infrastructure developments are likely to reduce logistics costs from 8-9% to 5-6% of the GDP, increasing the demand for the warehousing sector
- Enhanced connectivity along with the growing prominence of e-commerce may lead to increased warehousing activities across the country
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