The logistics sector has emerged as an asset in India’s real estate market
Supply chain diversification will continue to create demand, leading to an increase in leasing activity. Demand centres would witness more robust leasing as several occupiers prefer to locate their warehouses closer to consumption hubs to reduce transportation costs, writes Anshuman Magazine, Chairman & CEO – India, South-East Asia, Middle East, and Africa, CBRE.
The Covid-19 pandemic severely impacted the consistency of the supply chain. Continued focus on multi-sourcing and near-shoring strategies emerged as an effective and more efficient model compared to conventional supply chain management. Diversification of transport networks and increasing resilience on multi-modal transport, coupled with the upgradation of modern facilities to enhance storage efficiencies and deployment of technology to improve operational output, are emerging as some of the key growth drivers in the sector.