India's Industrial, Warehousing Stock Surpasses Half-Billion Sq Ft in Eight Cities

Knight Frank India reports that as of December 31, 2025, the total industrial and warehousing stock across eight primary markets in India has exceeded 0.5 billion sq ft, reaching 549 million sq ft. This represents a 13 per cent expansion from the 486 million sq ft recorded in 2024. Mumbai leads the industrial and warehousing market, accounting for 31 per cent of the total stock, with 170 million sq ft in 2025, a 12.5 per cent increase from 151 million sq ft in 2024. The city's warehousing market is supported by its large consumption base, port-led trade activity, and extensive logistics infrastructure, according to the report. Demand is primarily driven by Third-Party Logistics (3PL), manufacturing, FMCG, and retail occupiers, with the Bhiwandi and Panvel clusters forming the backbone of Mumbai's warehousing ecosystem, the report highlights. The eight cities collectively possess 256 million sq ft of potential space within established warehousing parks, providing capacity to support near-term demand expansion.