Delhi-NCR ranks among the top 10 Asia-Pacific logistics markets for annual rental growth with a 3% increase in H1 2023.

Delhi-NCR ranks among the top 10 Asia-Pacific logistics markets for annual rental growth with a 3% increase in the first half of this year, according to Knight Frank. Although the overall Asia-Pacific logistics market saw a rental growth of 2.4% year-over-year, a significant slowdown from the 6.2% increase in H1 2023, Indian cities, primarily Delhi-NCR, Mumbai, and Bangalore, demonstrated stability in rental growth in the logistics sector. The growth in the Indian logistics market is attributed to the government's focus on the manufacturing sector, private equity inflows, and a robust business environment.

August 22, 2024
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