Industrial & warehousing demand gains momentum with about 20 mn sq ft leased in 9 months

India's industrial and warehousing sector leased approximately 20 million square feet in the first nine months of 2024. This reflects a 17% year-on-year increase. Delhi NCR and Chennai dominated the market, while 3PL companies led demand. New supply rose, marking a 29% increase year-on-year. Vacancy levels remained stable at 12-13%.
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