New Delhi, Delhi, 26th of February, 2026 : India’s industrial & warehousing market is entering a phase of accelerated transformation driven by policy push, infrastructure augmentation, evolving consumer behavior, supply‑chain recalibration and rapid technology adoption. Further, India’s manufacturing sector, currently contributing about 17% of the country’s GDP, is projected to increase its share to approximately 25% by 2035. Against this backdrop, the industrial & warehousing sector is emerging as a high‑growth frontier, supported by rising demand for modern & efficient warehouses and strong traction in institutional investments.

According to Colliers’ latest report, ‘India’s Emerging Industrial & Warehousing Corridors: Mapping the Next Growth Frontier’ ,multiple cities are likely to emerge as front-runners of industrial & warehousing growth over the course of next few decades driven by continuedregulatory support through corridor development programmes, PM Gati Shakti programme, National Logistics Policy etc. and infrastructure development in the form of industrial corridors & smart cities, multimodal logistics & textile parks, greenfield sea & airports etc. Moreover, impetus on domestic manufacturing and sector-specific interventions such as the recent BioPharma SHAKTI Scheme and Semiconductor Mission 2.0 will catalyze real estate growth in relatively smaller industrial hubs.
Colliers identified multiple high-potential cities based on industrial hubs identified by the government and an in-house analytical framework built around 5 key parameters/infrastructure projects-
· Enhanced connectivity along strategic industrial & freight corridors
· Upcoming Industrial smart cities
· Proposed Multi-Modal Logistics Parks (MMLPs)
· Expansion of sea and airport linkages
· Development of large integrated textile hubs
Over 100 cities were assessed to determine their attractiveness for industrial & warehousing growth over the next 5-6 years based on factors such as maturity of industrial ecosystem, presence of established manufacturing clusters, stage of infrastructure project completion, proximity to multimodal infrastructure, availability of Grade A stock etc. Taking the aforementioned factors and additional considerations such as MSME activity & e-commerce penetration, the list was eventually shortlisted to 30 high-potential cities and clustered into Prime, Emerging and Nascent hubs, reflecting varying levels of ecosystem maturity and readiness for future growth.
8 prime, 12 emerging & 10 nascent hubs identified across India as industrial & warehousing hotspots
The geographical spread of 30 identified high potential industrial & warehousing hotspots highlights equitable growth across the Northern, Southern, Western, Eastern, and Central regions of the country. Notably, the 8 “Prime hubs” are already established demand centers and are expected to mature further, consolidating their lead & absorbing new capacity quickly. The 12 “Emerging hubs” are likely to gain significant momentum over the course of next few years as critical industrial corridors, logistics parks, multi-modal hubs etc. near completion, scaling up industrial & warehousing demand in the process. The 10 “Nascent hubs” meanwhile are represented by cities where the impact will start to pick pace gradually and depend on enablers such as core infrastructure adequacy, policy support and investor readiness. Moreover, as prerequisites of industrial & warehousing growth converge, nascent markets can transition into the emerging hubs and eventually complement the prime hubs in the long-term.
Cluster-wise classification of 30 industrial & warehousing hubs
| Cluster Category | City | Region |
| PRIME hubs | Ahmedabad | West |
| Bengaluru | South | |
| Chennai | South | |
| Delhi NCR | North | |
| Hyderabad | South | |
| Kolkata | East | |
| Mumbai | West | |
| Pune | West | |
| EMERGING hubs | Bhopal | Central |
| Bhubaneswar | East | |
| Coimbatore | South | |
| Indore | Central | |
| Jaipur | North | |
| Kochi | South | |
| Lucknow | North | |
| Nashik | West | |
| Patna | East | |
| Rajpura | North | |
| Surat | West | |
| Visakhapatnam | South | |
| NASCENT hubs | Amravati | West |
| Guwahati | East | |
| Hosur | South | |
| Jammu | North | |
| Jamshedpur | East | |
| Kanpur | North | |
| Nagpur | West | |
| Prayagraj | North | |
| Raipur | Central | |
| Vijayawada | South |
Source: Colliers
Note: The three‑tiered clustering offers a practical roadmap for likely industrial & warehousing growth. Although cities within each cluster have equally high potential, the clustering approach can serve as an indicative tool for investors and developers as well as occupier prioritization
“The next wave of industrial & warehousing growth will be strengthened by expanding industrial & freight corridors, multimodal logistics parks, smart industrial cities, and major sea–airport expansion projects. Notably, the recent budget has prioritized economic growth dispersion by emphasizing the need for enhancement in domestic manufacturing capabilities. Additionally, the allocation of INR 5,000 crore per City Economic Regions (CER) and focused interventions across key sectors such as life sciences, electronics, semiconductors, chemicals, rare earth minerals, textiles etc. can boost long-term warehousing growth in the established markets and simultaneously open up investments in multiple emerging and nascent markets”, says Vijay Ganesh, Managing Director, Industrial & Logistics Services, Colliers India.
Strategic corridors, industrial smart cities & MMLPs to drive infra-augmentation and Grade A warehousing space uptake
India’s industrial & warehousing market is evolving rapidly, driven by cohesive national policies that prioritize the expansion of industrial & freight corridors, multimodal logistics parks, dedicated rail networks, expressways and ports. Key flagship initiatives such as the National Industrial Corridor Development Programme (NICDP) and the PM GatiShakti National Master Plan are central to this transformation.
Infrastructure development overview: Status of flagship projects
| Initiative/Programme | Details |
| Industrial Corridors | 11 corridors under various stages of development |
| Dedicated Freight Corridors | 5 dedicated corridors being developed across the country |
| Industrial Smart Cities | 20 smart cities being developed along industrial corridors |
| Multi-Modal Logistics Parks | 35 sanctioned parks, out of which 5 have been approved |
| Pradhan Mantri Mega Integrated Textile Region and Apparel (PM MITRA) parks | 7 parks envisaged across India |
| Sagarmala Programme | Over 800 projects identified; 200 completed |
| Airport Expansion | 8 international airports under various stages of construction |
Source: Industry, Government portals/ministries, Colliers
Infrastructure development can boost annual industrial & warehousing demand across top 8 cities to over 50 msf by 2030; Grade A stock likely to cross 500 msf by 2047
India’s industrial & warehousing sector is set for accelerated growth, supported by strong demand across 3PL players and segments such as Automobiles, Engineering, FMCG, E-commerce etc. Demand traction will be particularly driven by government focus on domestic manufacturing and enhancements in regional connectivity through upcoming expressways, freight & industrial corridors, logistics parks, greenfield sea & airports etc. In fact, by 2030, annual Grade A space uptake is expected to breach 50 million sq ft across the top 8 cities (Prime hubs) and simultaneously create newer investment opportunities in multiple emerging as well as nascent markets.
India industrial & warehousing market: Trends & long-term outlook
| 2010 | 2025 | 2030 F | 2047 F | |
| Demand (msf) | <20 | ~37 | 50+ | Multifold growth |
| Supply (msf) | <20 | 40+ | 50+ | Multifold growth |
| Stock (msf) | 20 | ~300 | ~500 | 2,000+ |
Source: Industry, Government portals/ministries, Colliers

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