Riding on the ‘Make in India’ wave, India is gradually, but surely transforming into a global manufacturing hub for world-class products as even international giants have either set-up or are in the process of setting up manufacturing plants in India. Numerous global organizations have been attracted by India's booming market of over a billion customers with increasing buying power. The booming online shopping trend has also contributed to this and further boosted the warehousing and logistics realty absorption, which has been increasing at a good rate. These changing trends also demand precise management of realty space for businesses in order to enable their operations.
By 2021, the investment inflow in the Industrial and warehousing sector is estimated to reach Rs.495 billion (USD 6.9 billion) as per our research projections. Another aspect that is benefiting the sector is the willingness of developers to provide customized properties as per business specific-needs of the occupiers. Since the property requirements and its usage in the sector differs drastically from other sectors, developers are accommodating major design and property customizations, while also adhering to industry-specific compliance regulations. This is where experienced and expert realty professionals shape and seamlessly manage the project roadmap for occupiers. While planning for an extensive and multi-city project, it is ideal to leverage the consulting and management prowess of realty experts to ensure an optimum project set-up.
India has all the favourable conditions and tools to become a top manufacturing hub. However, it must overcome multiple roadblocks to realize its true potential. In the past decade, the warehousing sector has transformed multifold, replacing the traditional dimly-lit and low-quality sheds and godowns with modern, engineered structures that are pre-planned, secured, weather-proof and regulation adhering. Encouraging more foreign investments, better regulatory policies and addressing the need for customized commercial spaces would enable us to strengthen our way to become a success story.
