Friday, January 23, 2015

INDIA E-COMMERCE WAREHOUSING

A quarter of total warehousing space absorbed by e-tailers in 2014

Took up approximately 1.7 million sq. ft. of warehousing space across Mumbai, Chennai, Bangalore and NCR
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About 25 per cent of the total warehousing uptake across the country in 2014 was taken up by e-commerce players, said a new study.

According to a report by global consultant CBRE, the emerging retail segment took up approximately 1.7 million sqft of warehousing space across Mumbai, Chennai, Bengaluru and Delhi-NCR in 2014. It said a major share of fund raising by e-tailers is also expected to get channelised into building warehouses. The year 2014 saw investments worth more than $2.2 billion being raised by majors in India.

Past couple of years also saw the segment becoming a new addition to the mix of major office space demand drivers in India, as online retailers increased footprint for front-end as well as back-end requirements. By 2014-end, about 3.5 million sqft of office space had either been leased or was in various stages of negotiation by e-commerce firms across the country—a growth of about 400 per cent year-on-year, it said.