Delhi-NCR tops Indian logistics rental market

Mumbai: Delhi-NCR has been rated among top 10 Asia-Pacific logistics markets for annual rental growth for the first half this year, a report said on Thursday.

At 3 per cent rental growth, the Delhi-NCR logistics rental market recorded better growth, while Mumbai (2.3 per cent) and Bengaluru (2.3 per cent) were marginally below the regional growth figure, according to the report by Knight Frank.

Delhi-NCR is positioned eighth in the APAC logistics market based on annual rental growth. At Rs 20.80 per square feet a month, the city’s rents grew at 3 per cent (year-on-year) and the vacancy level in the market now stands at 15.7 per cent.