India's Warehousing Boom: Stock Crosses 500 Million Sq Ft in 8 Cities

India's industrial and warehousing inventory across eight primary markets has surpassed half a billion square feet, reaching 549 million sq ft by the end of 2025. The total stock grew by 13% year-on-year, with significant potential capacity available in established parks. Mumbai is the dominant market, holding 31% of the national stock, driven by its consumption base and port logistics. The National Capital Region (NCR) follows as the second-largest contributor, accounting for 21% of the total stock.

Key Points: India's Industrial & Warehousing Stock Tops Half-Billion Sq Ft

  • Stock hits 549 mn sq ft
  • 13% annual growth from 2024
  • Mumbai leads with 31% share
  • NCR is second-largest market
2 min read

India's industrial, warehousing stock crosses half-billion sq ft across 8 cities: Knight Frank

Knight Frank reports India's industrial & warehousing stock hits 549 mn sq ft across 8 cities, led by Mumbai & NCR, with strong growth in 2025.

"Mumbai remains one of India's most important warehousing markets, supported by its large consumption base, port-led trade activity and extensive logistics infrastructure. - Knight Frank Report"

Mumbai, March 21

The industrial and warehousing inventory stock across eight primary markets in the country has crossed half a billion sq ft.

According to a report by Knight Frank India, the stock of industrial and warehousing stands at 0.549 billion sq ft (549 mn sq ft), as of December 31, 2025. While the industrial and warehousing stock has expanded by 13 per cent from 486 mn sq ft in 2024.

Furthermore, the eight cities collectively hold 256 mn sq ft of potential space within established warehousing parks, more than three times the annual transaction volumes recorded in 2025, providing adequate capacity to support near-term demand expansion.

Mumbai leads the industrial and warehousing market with 31 per cent of the total stock. The stock in the city is recorded at 170 mn sq ft in 2025, which has expanded by 12.5 per cent year-on-year from 151 mn sq ft in 2024.

Mumbai remains one of India's most important warehousing markets, supported by its large consumption base, port-led trade activity and extensive logistics infrastructure. Demand continues to be driven by Third-Party Logistics (3PL), manufacturing, FMCG and retail occupiers, with the Bhiwandi and Panvel clusters forming the backbone of the city's warehousing ecosystem, the report highlighted.

As the second largest contributor, NCR constitutes 21 per cent of the overall industrial and warehousing stock across eight primary markets of India.

The stock inventory in NCR is recorded at 115 mn sq ft in 2025, which has expanded by 11.65 per cent year-on-year from 103 mn sq ft in 2024.

Driven by the renewed demand from diverse industries and a combination of superior inter-state connectivity, proximity to large-scale manufacturing bases, and sustained industrialisation, NCR has been firmly positioned as one of India's most preferred warehousing destinations in the country, the report concluded.

- ANI

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Reader Comments

P
Priyanka N
Great to see the numbers, but I hope this expansion is sustainable and doesn't come at the cost of agricultural land or green cover around these cities. Development needs to be balanced.
A
Aman W
Mumbai leading as always! Bhiwandi and Panvel have transformed completely. The connectivity via the Mumbai Trans Harbour Link and the upcoming airport will only push this further. Good for local job creation.
S
Sarah B
As someone in the 3PL sector, this data is very encouraging. The report mentions capacity is three times the annual transaction volume, which means there's room for growth without immediate supply crunches. Smart planning.
V
Vikram M
Impressive growth of 13% YoY. But I'm curious, which are the other 6 cities in the top 8? The article only highlights Mumbai and NCR. A more balanced regional development across India is crucial.
K
Karthik V
This infrastructure is the backbone for e-commerce and retail. Faster deliveries and better inventory management directly benefit the end consumer. Hope the benefits trickle down in terms of lower costs and more efficiency.

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