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India’s green warehousing to quadruple by 2030 amid sustainability push

India’s green warehousing to quadruple by 2030 amid sustainability push

Rapid Growth of Green Warehousing

India's warehousing sector is undergoing a major green transformation. According to a recent study by JLL India, certified sustainable warehouse space in the country is projected to quadruple from 65 million sq ft in 2024 to 270 million sq ft by 2030. This surge aligns with India's increasing commitment to sustainable infrastructure and environment-friendly logistics.

Transformation Over the Years

In just five years, India’s warehousing landscape has seen remarkable growth. The Grade A warehousing stock across key cities has expanded 2.5 times, jumping from 88 million sq ft in 2019 to 238 million sq ft in 2024. This growth is not just in quantity but also in quality, with a significant shift toward sustainability-focused infrastructure.

Certified Green Spaces on the Rise

Of the 90 million sq ft of institutional Grade A warehousing stock, approximately 72 per cent (65 million sq ft) is already green-certified or in the process of certification. This includes adherence to top standards like LEED (Leadership in Energy and Environmental Design), IGBC (Indian Green Building Council), and GRIHA (Green Rating for Integrated Habitat Assessment).

With institutional players driving the green movement, certified green warehouse space is poised to reach 270 million sq ft by 2030, reflecting a major sustainability-led transformation in logistics real estate.

Institutional Investors Driving Sustainability

Institutional investors are instrumental in this transition. Over 45 per cent of the current institutional portfolio is certified under globally recognized sustainability standards. Another 10 per cent is pre-certified, while 10 per cent is currently undergoing certification. This reflects a strong commitment by major players to invest in future-ready, green-compliant infrastructure.

Post-Pandemic Momentum and Future Outlook

The COVID-19 pandemic catalyzed this trend, with institutional investment in Indian warehousing doubling since then. This momentum is expected to continue, with the overall warehousing market projected to hit 885 million sq ft by 2030.

Out of this, institutional supply is forecasted at around 260 million sq ft, which will account for 70 per cent of the projected Grade A stock. Remarkably, 80 per cent of this pipeline is expected to be green-compliant.

Key Opportunities Ahead

As the green warehousing revolution continues, retrofitting existing non-green Grade A stock will be crucial. This approach, along with innovative funding avenues, can help future-proof assets and support India’s ambition for a more sustainable logistics and warehousing ecosystem.

Conclusion

India's warehousing sector is not just growing it’s growing responsibly. With strong institutional backing, clear sustainability goals, and adherence to green standards, India is well on its way to becoming a global leader in green warehousing by 2030.

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