Realtors expands to logistics and warehousing sector
Real estate building majors have fixed logistics and warehousing sectors on their building radar as they are now entering the $260-billion Indian logistics sector as companies are looking for large-sized warehousing spaces to consolidate and expand after the introduction of the Goods and Service Tax (GST). In this connection, the Bengaluru-based Prestige Group and Mumbai's Hiranandani Group and Lodha Group are creating robust warehousing presence to meet the growing demand from FMCG, e-commerce and manufacturing sectors. With the implementation of GST, octroi nakas have disappeared and requirement for warehouses is to be well-located and not just be outside city limits, said co-founder and MD of Hiranandani Group, Niranjan Hiranandani, adding that it has three logistics and industrial park projects at hand and are evaluating more locations. Prestige Group is also looking to replicate its success in commercial space to warehousing as well. Recently, it launched its first logistics centre in Malur, Kolar district about 50 km from Bengaluru and Lodha's 150-acre park in Palava in suburban Mumbai stands to gain from proximity to both the Jawaharlal Nehru Port (JNPT) and the upcoming Navi Mumbai airport. Likewise, among others, the Co-Founder and Director of real estate services company SILA, Rushabh Vora, said that so far, the domestic warehousing industry had been dominated by small and unorganized players but the occupiers are now moving out to consolidate their activities in large facilities and focusing on large manufacturing and e-commerce hubs, mostly in and around metros.
📅Published on:
07 July 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
