Ecommerce businesses have emerged as a major demand driver for warehousing in the national capital region, and demand from this segment is likely to rise 60% to 8 million by 2020, says a report by property consultancy Knight Frank India. At the end of April 2016, warehousing space requirement in the NCR was estimated to be around 223 million sq ft. Warehousing demand is on the rise in the manufacturing and consumption sectors, said Balbirsingh Khalsa, national director, office & industrial agency.
Read more: Economic Times
