Gross absorption of industrial and warehousing real estate has shot up 7 percent on year-on-year (YoY) basis, a report by real estate experts, Colliers India, said. The report highlights that during the first 6 months of 2022, the gross absorption of real estate in the top 5 cities of India stood at 10.8 million sft. Of this, Delhi and NCR accounted for the highest activity of 28 percent, with Pune at a close second with 24 percent share on demand. About 55 percent of the gross absorption was led by third-party logistics players, followed by the engineering and automobile sectors with a share of 12 percent each.
