Delhi & NCR leads warehousing surge, up 28%: CBRE

Driven by surging demand in Delhi-NCR, India’s industrial and logistics leasing activity across the top eight cities has hit an all-time high — reaching 37 million sq ft during the January–September period of 2025. This marks a robust 28 per cent year-on-year increase, up from 28.8 million sq ft during the same period in 2024, according to the latest report from real estate consultancy CBRE.

Among the eight major cities — Delhi-NCR, Bengaluru, Mumbai, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad — the Delhi-NCR market emerged as the front-runner, accounting for the lion’s share of leasing activity at 11.7 million sq ft. Bengaluru followed with 5.7 million sq ft, while Hyderabad rounded out the top three with 4.6 million sq ft. Together, these three cities comprised a commanding 59% of the total leasing volume.

Other notable performances came from Mumbai and Kolkata, with space take-ups of 4.2 million sq ft and 3.8 million sq ft, respectively, signaling sustained growth in tier-I logistics hubs, said CBRE.