Nearly 60% of the modern warehousing capacity in India is concentrated in the top six cities namely Ahmedabad, Bangalore, Chennai, Mumbai, NCR and Pune, with Hyderabad and Kolkata being the other major markets. This is driven by concentration of industrial activity and presence of sizeable urban population around these clusters. Going forward, due to factors like quality of infrastructure and availability of labour, these advantages are likely to remain with these cities.
Ascendas-Firstspace plans to build and manage a network of logistics and industrial parks across these key strategic nodes in the country.
- Two upcoming projects in Chennai and Mumbai located in high potential micro-markets
- Pipeline projects across Pune, Bangalore, Mumbai, NCR and Ahmedabad