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October 17, 2019: Due to the rising interest of prominent players, the warehousing capacity of India is expected to touch 500 million square feet by 2030 compared to the current space or 170 million square feet, says the new CBRE survey.

Survey of the real estate consulting firm titled “Towards a Unified India 2.0: How did Warehousing Occupiers approach the GST?” notes that the Industrial & Logistics sector (I) has received an investment of $500 million between 2017 and H1 2019 since the rollout of GST and credits it with the infusion of technology and innovative business strategies for catalyzing this growth.

"The permeation of technology in operations, innovative business models & strategies, improving supply chain efficiencies, augmented warehousing demands, varied funding avenues, favourable government policies, geographical expansions into tier II and III cities are together playing an instrumental role in preparing the sector for the next phase of development.

Given the fundamental shifts across the I sector in just two years, coupled with increasing demand for quality space, developers are more likely to build compliant, large-sized spaces," he added.

Following #GST implementation, the I sector became far more transparent and #occupiers were able to reap in benefits of a single tax regime

Here's our latest survey on how did #Warehousing Occupiers approached GST https://t.co/S6ioSeQABV @CBREIndustrial pic.twitter.com/2ntRa1SAj3

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