India's Consumption Boosts Mall and Warehousing Growth
WAREHOUSING & LOGISTICS

India's Consumption Boosts Mall and Warehousing Growth

ICRA, a credit rating agency, projects robust growth in the Indian commercial real estate sector, particularly for mall operators and warehousing players. The surge in consumption across the country is expected to drive occupancy levels in malls and boost demand for warehousing spaces.

According to ICRA, occupancy levels in malls are projected to improve to 78-83% by March 2025, reflecting the resilience of the retail segment despite challenges posed by the pandemic. The increasing consumer spending, coupled with the gradual recovery of the economy, is anticipated to fuel footfall and sales in malls, thereby supporting higher occupancy rates.

The outlook for the warehousing sector also remains positive, with the rise of e-commerce and logistics driving demand for quality warehousing facilities. ICRA expects the warehousing segment to benefit from increased leasing activity and rental rates, supported by growing demand from e-commerce players and third-party logistics providers.

Furthermore, government initiatives such as the implementation of the Goods and Services Tax (GST) and the National Logistics Policy are expected to further boost growth in the warehousing sector by improving logistics efficiency and reducing operational costs.

Overall, ICRA's outlook reflects the optimistic trajectory of the Indian commercial real estate market, underpinned by robust consumption patterns and evolving market dynamics. The continued growth of mall operators and warehousing players underscores the resilience and adaptability of the sector in response to changing consumer behaviour and market trends.

ICRA, a credit rating agency, projects robust growth in the Indian commercial real estate sector, particularly for mall operators and warehousing players. The surge in consumption across the country is expected to drive occupancy levels in malls and boost demand for warehousing spaces. According to ICRA, occupancy levels in malls are projected to improve to 78-83% by March 2025, reflecting the resilience of the retail segment despite challenges posed by the pandemic. The increasing consumer spending, coupled with the gradual recovery of the economy, is anticipated to fuel footfall and sales in malls, thereby supporting higher occupancy rates. The outlook for the warehousing sector also remains positive, with the rise of e-commerce and logistics driving demand for quality warehousing facilities. ICRA expects the warehousing segment to benefit from increased leasing activity and rental rates, supported by growing demand from e-commerce players and third-party logistics providers. Furthermore, government initiatives such as the implementation of the Goods and Services Tax (GST) and the National Logistics Policy are expected to further boost growth in the warehousing sector by improving logistics efficiency and reducing operational costs. Overall, ICRA's outlook reflects the optimistic trajectory of the Indian commercial real estate market, underpinned by robust consumption patterns and evolving market dynamics. The continued growth of mall operators and warehousing players underscores the resilience and adaptability of the sector in response to changing consumer behaviour and market trends.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?