From Investing.com:

India’s booming economy has led to a surge in demand for industrial space, with firms looking to shift operations from China. Developers are investing millions to quadruple park space in anticipation of increased leasing inquiries. India’s recent infrastructure development and huge potential for growth are attracting global players like Panattoni.

Warehousing leasing activity in Indian cities has spiked, with Chennai showing the highest growth. Companies like Vestas and Prologis are expanding their operations in India, seeing it as a viable alternative to China. Despite challenges in land acquisition, developers are optimistic about growth in high-demand areas. Investcorp is raising funds to build smaller warehouses across India.

Land acquisition remains a major challenge for developers in India due to high demand and surging prices. Complex ownership structures can delay acquisition processes, affecting rental returns for developers. Prices around industrial parks like Greenbase have risen significantly, making land acquisition a time-consuming and expensive process. Developers like Panattoni have had to navigate these challenges to establish operations in the country.



Read more at Investing.com: Warehouse developers bet on India as companies look beyond China By Reuters