Industrial leasing surges 28% to 37 million sq. ft in India’s top cities; Delhi-NCR leads with 11.7 million sq. ft.
India’s industrial and logistics real estate sector has hit an all-time high in leasing activity, underscoring its growing role in powering the country’s supply chain and manufacturing ecosystem. According to a new report by CBRE Group, leasing across the top eight cities surged 28% year-on-year to 37 million sq. ft between January and September 2025.
This sharp rise builds on the 28.8 million sq. ft leased in 2024, indicating accelerated demand for industrial and warehousing assets across key logistics hubs.
Leading the charge was Delhi-NCR, which recorded 11.7 million sq. ft of leasing during the nine-month period. Bengaluru followed with 5.7 million sq. ft, and Hyderabad with 4.6 million sq. ft. Together, these three markets accounted for nearly 59% of total leasing activity, cementing their status as prime logistics and manufacturing centres.
Other major markets also performed strongly, with Mumbai leasing 4.2 million sq. ft and Kolkata at 3.8 million sq. ft.
On the supply side, new additions to the industrial and logistics space reached 23.8 million sq. ft, largely driven by institutional investor-backed developers. Bengaluru, Chennai, and Mumbai accounted for 62% of the new supply, reflecting robust development pipelines and investor confidence.
Industry experts note that demand fundamentals remain strong, supported by rising e-commerce penetration, manufacturing expansion, and a preference for Grade A assets. This, coupled with steady institutional participation, positions India’s industrial and logistics real estate market for continued momentum in the coming quarters.
The top eight cities covered in the report include Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad, together forming the backbone of India’s growing industrial infrastructure.
Source: Maritime Gateway
