The almost 75% of grade A and grade B warehousing stock of about 10 million square feet in Gurgaon has come up in Gurgaon NH8. The boom has also been the growth of large E-commerce companies such as Flipkart, Amazon, Wal-Mart and others. And also FMCG Company must also get the some credit as they growth in their push to cut on inventory, cost cutting warehousing segment, and make distribution more efficient after the implementation of GST.
As per e-commerce industry estimates, India could witness 13% to 16% retail trade going online with electronics goods, fashion apparel and garments becoming top sellers by 2022 Based on these projections, a number of major players entered the Godown WAREHOUSE for lease in Gurugram segment in 2019 pushing substantial increase in grade PEB warehouse supply.
The GST implementation has to be a big game changer as it has allowed companies to decide on optimum strategy to distribute products. As a result, main state specific warehouses are being preferred and many companies are outsourcing 3PL function to third party logistics. Warehousing will see 24% annual growth over the next 2 to 3 years, In Gurgaon that Amazon has taken its biggest Warehouse/Godown in Gurgaon Highway the area is around 1.5 lac squire feet. And Walmart also searching for big warehouse for lease in Gurgaon.
There are ten to fifteen warehouses for rent in Gurgaon with a total warehouse store capacity of more than 12 lakh square feet Not only are the online shopping companies Individuals investors also making investments in warehousing in Gurgaon due to the rental income opportunities. And also Industrial Parks, a large player. Gurgaon is central location in Haryana, availability of big agriculture of land, cheaper land cost, easy connectivity are some of the reasons behind the decision.