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Anarock Group has closed the sale of a 41-acre land parcel on the Ballabhgarh-Sohna highway. Pardos Logistics will utilize this land parcel to develop 1 mn sq-ft of prime warehousing space. The prevailing land prices around the region range from Rs 1.4 to 1.5 crore/acre.
The land will be developed over a period of 18 months with an investment corpus of approx. INR 200 crore. It is ideally located, benefiting from proximity to critical road infrastructure like the Delhi-Vadoda Expressway.
Amazon has leased 900,000 sq.ft. in the ESR warehousing facility, and other key retailers like Tata Croma have also picked up space there.
The warehousing & logistics sector has been one of the primary beneficiaries of the new post-pandemic market realities. Demand for W&L assets has risen remarkably, says Anarock Capital’s Shobhit Agarwal. The expanding economy and changing business models have also been instrumental in the sector’s growth.
The total pan-India Grade. A warehousing stock as of 2021-end stood at approx. 140 mn sq-ft. Of this, NCR comprises a nearly 15-20% share. There will be a steady increase in online businesses, leading to a surge in new warehousing demand.
Over 70% of the modern warehousing capacity is concentrated in the top eight cities of MMR, NCR, Bengaluru, Kolkata, Hyderabad, Chennai, Ahmedabad, and Pune.
