Mumbai - The demand for industrial and warehousing spaces reached an all-time high in 2024 at 645 lakh square feet across major cities, driven by third-party logistics companies, e-commerce players and manufacturing firms, among others, according to Savills India. Real estate consultant Savills India said the absorption or leasing of industrial and warehousing spaces rose by 30 per cent year-on-year to reach 645 lakh square feet in 2024 from 496 lakh square feet in the preceding year.
In Tier-I cities, the leasing rose 34 per cent to 497 lakh square . . .
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