India’s green warehousing sector is witnessing rapid growth, with certified sustainable warehouse stock expected to quadruple to 270 million square feet (sq. ft.) by 2030 from 65 million sq. ft in 2024, according to a JLL India study. Over the past five years, the Grade A warehousing stock across key cities has increased 2.5 times, from 88 million sq. ft in 2019 to 238 million sq. ft in 2024, driven by growing demand for modern storage and distribution infrastructure amid India’s economic modernisation and expanding e-commerce sector. Institutional-grade warehousing, a key driver of this growth, has tripled from 28 million sq. ft to 90 million sq. ft during the same period, reflecting heightened confidence among global investors who are raising sustainability and operational standards through certifications such as Leadership in Energy and Environmental Design (LEED), Indian Green Building Council (IGBC), and Green Rating for Integrated Habitat Assessment (GRIHA).
Out of the institutional Grade A stock, around 72%, or 65 million sq. ft, is already green-certified or progressing through certification, with expectations of this figure quadrupling by 2030. Institutional investors have accelerated the green transition, with over 45% of their portfolio certified and another 20% either pre-certified or under certification. Corporate occupiers are also prioritising green warehouses to meet their net-zero goals, focusing on energy savings of 30-40%, water conservation, waste recycling, and green materials. India’s warehousing market is projected to reach 885 million sq. ft by 2030, with institutional supply accounting for 260 million sq. ft, 80% of which is expected to be green-compliant. Retrofitting existing assets and expanding funding options remain crucial to sustain this transformation.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.