Mumbai - India’s industrial and warehouse logistics park (IWLP) sector is poised for substantial growth in FY2025, with supply projected to increase by 13-14% year-on-year (YoY) across the eight primary markets, reaching approximately 424 million square feet, according to estimates by ICRA. This growth is driven by robust consumption-led demand, which is expected to boost absorption rates to 47 million square feet in FY2025, up from 37 million square feet in FY2024.
Vacancy rates in these key markets stood at 10% in FY2024 and are anticipated to remain stable in the upcoming fiscal . . .
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