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India's Warehousing Stock Tops 500M Sq Ft, Mumbai Leads Market Growth

India's total industrial and warehousing stock has surpassed half a billion square feet, reaching 549 million sq ft as of the end of 2025. The market grew by 13% from the previous year, with Mumbai holding the largest share at 31% of the national inventory. Delhi-NCR follows as the second-largest contributor, accounting for 21% of the total stock. The report indicates strong future capacity, with established parks holding space more than three times the annual transaction volume.

Key Points: India's Industrial & Warehousing Stock Crosses Half a Billion Sq Ft

  • Stock hits 549M sq ft across 8 cities
  • 13% annual growth from 2024
  • Mumbai leads with 31% of total stock
  • Delhi-NCR is second largest market
2 min read

India's industrial and warehousing stock inventory crosses half a billion square feet

India's industrial & warehousing inventory hits 549M sq ft, led by Mumbai & Delhi-NCR. Knight Frank report shows 13% annual growth & strong future capacity.

"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 India report"

Mumbai, March 21

The Industrial and warehousing inventory stock across eight primary markets in the country has crossed half a billion square feet, a report showed on Saturday.

The stock of industrial and warehousing stands at 0.549 billion sq ft (549 million sq ft), as of December 31.

The industrial and warehousing stock has expanded by 13 per cent from 486 mn sq ft in 2024, according to a Knight Frank India report.

The report stated that 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.

Meanwhile, 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 3PL (third-party logistics), manufacturing, FMCG and retail occupiers, with the Bhiwandi and Panvel clusters forming the backbone of the city's warehousing ecosystem," the report mentioned.

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

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

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

- IANS

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Reader Comments

P
Priya S
Impressive numbers, but I hope this expansion is sustainable and doesn't come at the cost of agricultural land or green cover, especially around Delhi-NCR. We need balanced development. The report mentions 'potential space' – hope the planning includes proper environmental checks.
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Aman W
As someone from Bhiwandi, I've seen this growth firsthand. The traffic has increased a lot, but so have local businesses and job opportunities. It's a mixed bag, but overall positive for the area's economy. Hope the infrastructure keeps pace!
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Sarah B
Working in the FMCG sector, this is crucial data. The 13% growth y-o-y shows strong investor confidence. The fact that potential capacity is 3x annual transactions means we have room to scale without immediate supply constraints. Very bullish signal for manufacturing.
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Vikram M
Good to see Delhi-NCR holding strong at 21%. The connectivity via the Eastern and Western Peripheral Expressways is a game-changer. Makes the region a hub not just for North India, but for distribution across the country. Make in India showing results!
K
Kriti O
While the growth is impressive, I wish the report also highlighted the working conditions in these warehouses. Growth in square footage is one thing, but are we ensuring safety, fair wages, and proper facilities for the workers who are the backbone of this ecosystem? That's equally important.

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

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