Warehousing Space in Bhiwandi

Warehousing & Logistics space leasing increased by 50 percent in H1 2017: CBRE

According to a report by CBRE the leasing of industrial and warehousing space rose 50 per cent in January-June at 7.3 million sq ft in eight cities and absorption may touch an all-time high in 2017 on positive sentiments after GST rollout. The report further says that the companies from third party logistics, engineering, manufacturing and FMCG sectors contributed about 75 per cent of the leasing.  Leasing activities grew in all sectors except pharma, which absorbed 20 per cent less space in the first half of 2017 as compared to the second half of 2016.

Bengaluru, Delhi-NCR and Chennai were the preferred markets for leasing space. Mumbai’s share was 13 per cent of the total leasing in first half of 2017, while Kolkata, Ahmedabad, Hyderabad and Pune constituted 23 per cent of the demand. “The leasing activity continued to witness strong growth during the first half of 2017, as close to 7.3 million sq ft was leased across cities. The transaction activity grew by almost 50 per cent when compared to H2 2016,” CBRE said.

Among the prominent deals during January-June period, LP Logistics leased about 2 lakh sq ft in Bhiwandi, Mumbai, Honda Two-Wheelers 1.9 lakh sq ft in Bengaluru, HUL 1.8 lakh sq ft in Delhi-NCR and P&G 2 lakh sq ft in Chennai. CBRE Chairman India and South East Asia Anshuman Magazine said the country’s growing economy has helped in increased activities in industrial and warehousing segment over the past few years.   “The sustained growth of the segment, coupled with the implementation of the landmark Goods and Services Tax (from July 1), will result in efficient supply chains and lower compliance costs, the benefits of which will eventually trickle down to make the reform a much needed incentive for businesses in India,” he said.

The deal size rose to 65,000 sq ft during January-June 2017 from about 50,000 sq ft in second half of 2016. The number of transaction above 2 lakh sq ft also doubled during the period under review. “Sustained demand coupled with limited quality supply led to a steep appreciation in rentals (11-13 per cent) in micro- markets like Ghaziabad, Kundli/Murthal in Delhi-NCR, western corridors of Hyderabad and Bhiwandi in Mumbai,” the report said, adding that rentals dipped in Chennai on higher supply.   The consultant projected that rentals in select micro- markets would rise on strong demand.

Warehouse in Bhiwandi

Warehouse in Bhiwandi

Benefits of our Warehouse in Bhiwandi

  • Expertise In Storage & Handling Of All Types Of Material
  • Storage of material in a clean environment
  • Systems for keeping Proper documentation & detail record
  • All warehousing & local logistical services under one roof.
  • 1 Lakh sq ft space for warehousing & local logistical support.
  • Secured & Safe premises for storage

Future expansion plans of Akash Warehousing Company

WE WILL BE STARTING 5 STORIED RACKING WAREHOUSING FACILITY AT BHIWANDI

Our experts at Akash Warehousing Company will consult with you

At Akash Warehousing Company, We not only provide customized storage solutions that aligns with your business, but also provide a range of other warehousing services, which includes fulfillment, returns management, packaging, specialty wrapping, transportation, logistic support, customized logistic process, supply chain management, distribution, inventory control, door-to-door transport, pick and pack operations, cross dock distribution, labeling, temperature controlled storage solutions, food grade facilities, and so on.

Read More

Why choose our warehousing service?

Our warehousing services are known nationwide to be one of the most reliable, safe and affordable, because we take pride in delivering the best of warehousing services, at the most reasonable prices. Our own warehouses, as well as our partner’s warehouses are located at strategic locations in Bhiwandi & Kalamboli to ensure that there is no additional cost you need to bear during and before transport of freight.

Read More