CRE Matrix & CREDAI Presents India Warehouse Report Q1 CY'24

The warehousing demand in India continues to surpass supply in this segment and as a result, rentals have increased by 5% in Q1 CY’24 vs the same quarter last year. The demand for warehousing in Pune and NCR contributed 45% to Pan-India Grade A/A+ warehousing demand in Q1 CY’24. The absorption to Supply Addition ratio for Pan-India stood at 1.4 in Q1 CY’24. The supply for warehousing in MMR and NCR contributed 53% to Pan-India Grade A/A+ warehousing supply in Q1 CY’24.