Credit: GRI Club India’s Warehousing Potential: Beyond the Metros
GRI Club Members Share Insights on Opportunities in Tier 2 and 3 Cities
April 26, 2024Real Estate
Written by Isabella Toledo
India's landscape boasts over 35 to 40 cities with populations exceeding one million, presenting a substantial market opportunity comparable to European or US cities. Tier 2 cities are emerging as significant players, with approximately 12 to 15 million square feet of warehouse space utilised in recent years.
Cities like Lucknow, Indore, Nagpur, Coimbatore, Jaipur, Guwahati, Hosur, Patna, and Bhubaneswar emerge as prime tier 2 locations, offering substantial potential from both a warehousing and industrial perspective.
The transformation of consumption patterns is spurring the need for efficient logistics and warehousing facilities in tier 2 and 3 cities, as they serve as strategic hubs for reaching dispersed consumer bases efficiently. This trend presents both opportunities and challenges for businesses to adapt to the evolving needs of a digitally connected and geographically dispersed population.
To address these emerging opportunities, GRI Club India recently hosted an online meeting with top decision-makers and industry leaders, covering crucial topics including emerging locations, advantages and challenges, regulatory complexities, and tenant preferences.
India's landscape boasts over 35 to 40 cities with populations exceeding one million, presenting a substantial market opportunity comparable to European or US cities. Tier 2 cities are emerging as significant players, with approximately 12 to 15 million square feet of warehouse space utilised in recent years.
Cities like Lucknow, Indore, Nagpur, Coimbatore, Jaipur, Guwahati, Hosur, Patna, and Bhubaneswar emerge as prime tier 2 locations, offering substantial potential from both a warehousing and industrial perspective.
The transformation of consumption patterns is spurring the need for efficient logistics and warehousing facilities in tier 2 and 3 cities, as they serve as strategic hubs for reaching dispersed consumer bases efficiently. This trend presents both opportunities and challenges for businesses to adapt to the evolving needs of a digitally connected and geographically dispersed population.
To address these emerging opportunities, GRI Club India recently hosted an online meeting with top decision-makers and industry leaders, covering crucial topics including emerging locations, advantages and challenges, regulatory complexities, and tenant preferences.
