HYDERABAD: With an growing variety of folks shifting to on-line buying, firms targeted on offering third-party logistics have expanded their footprint in Hyderabad by leasing practically seven lakh sq. toes house within the January-June interval.
In accordance with a report on industrial and logistics leasing by actual property consulting agency CBRE South Asia Pvt. Ltd, industrial and logistics gamers have leased 15 lakh sq. toes house within the January-June interval.
“Among the many trade segments in Hyderabad, third-party logistics corporations drove leasing with a share of about 46 per cent, adopted by e-commerce (21 per cent) and retail (9 per cent) corporations,” the report stated.
Key leasing transactions recorded in Hyderabad throughout this era have been Flipkart leasing 275,000 sq. ft. in an impartial warehouse, TCI Provide Chain Options leasing 200,000 sq. ft in Indian Logistics Warehouse and Safexpress leasing 140,000 sq. ft in an impartial warehouse.
The Northern Hall led the house take-up due to the choice of third-party logistics.
The report additionally stated that rental values elevated on a half-yearly foundation throughout all 4 corridors (Northern, Japanese, Western and Southern) in Hyderabad due to the sustained demand for investment-grade belongings.
”Rents rose by about 23-25 per cent within the Northern Hall and about 5-12 per cent throughout different micro-markets on a half-yearly foundation in H1 2022,” the report stated.
The I&L sector leasing in India, nonetheless, registered a dip of about 9 per cent (Y-o-Y) and stood at 12.8 million sq. ft. throughout the first half of the yr. On a pan India foundation, the house take-up was down by 17 per cent on a half-yearly foundation in comparison with 1.5 crore sq. toes recorded in H2 2021.