Letter: Even though the economy was taken because of a pandemic, industrial real estate in the South Gujarat region had many reasons to rejoice.
Last year’s locking and fear of being infected among people indirectly gave leasing the warehouse space in the letter and another cluster in South Gujarat a large Fillip.
At least 75% of the warehousing leasing from Kosamba to Palsana Belt in the letter district was carried out by e-commerce companies and third-party logistics companies.
However, all metro and large cities witnessed a decrease in the average warehousing of renting more than 29% in fiscal 2020-21.
In accordance with the details of the Real-Estate Knight Frank India consultant in the warehousing report 2020-21 revealed that there was a massive increase in 80% to 8.3 lakh square feet.
The report also states that Palsana-Sachin Belt is the preferred area for e-commerce companies because of its proximity to the city of Letters and 44% of transactions with registered volumes here as large e-commerce players occupied by space.
The steam area combines steam, Daman and Silvassa also witnessed a spike of 296% to 6 lakh space for rent.
“Pandemics are the main factors like people shop even for the smallest things.
Because this trend increases, e-commerce companies expand their facilities to meet increasing demand,” said Balbirsingh Khalsa, National Director of Industrial Services and Assets at Knight Frank (India) Pvt Ltd Khalsa added that the entire area of ​​Bharuch for Vapi would be the center of the warehouse market after Ahmedabad.
Local realtors also believe that online businesses have increased demand for warehouse space in areas near the city of letters.
“People prefer to buy everything online today after a pandemic.
Therefore, many warehouses have emerged mainly in Palsana and Hazira-Palsana Road besides Navsari and Bardoli,” said Velji Shecha, a leading broker of the letter and former Chairman of Credai Gujarat , “Industrial real estate market in a letter will go through a good phase now.
When economic activities have increased after locking, the demand for warehouse space in areas such as GIDC Sachin, Palsana, Kamrej and Kadodara also increased and in several areas there was also a price increase,” Chuni said Gajera, another realtor that stands out.