India’s industrial & warehousing market is entering a phase of accelerated transformation, driven by policy push, infrastructure augmentation, evolving consumer behaviour, supply‑chain recalibration and rapid technology adoption, with a large number of corridors emerging as high potential locations.  

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 continued regulatory 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 has shortlisted and identified 30 high potential cities  and clustered into Prime, Emerging and Nascent hubs, reflecting varying levels of ecosystem maturity and readiness for future growth. 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

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

 According to Vijay Ganesh, Managing Director, Industrial & Logistics Services, Colliers India,  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”,he adds. 

Infrastructure development overview: Status of flagship projects

Source: Industry, Government portals/ministries, Colliers

Industrial & warehousing demand was at an all time high of 36.9 msf during 2025, up by 16% YoY. Delhi-NCR, Chennai, Mumbai and Pune typically account for 70-80% of the Grade-A space uptake, led by well-established manufacturing clusters and superior infra connectivity. Over 70% of Grade A industrial and warehousing stock is concentrated in top 4 cities.  According to Vimal Nadar, National Director and Research Head, Colliers India, 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

Source: Industry, Government portals/ministries, Colliers

 Note: Data for warehousing / industrial sheds pertains to Grade A buildings | Absorption does not include lease renewals, pre-commitments and deals where only a Letter of Intent has been signed | Data pertains to top 8 cities (Prime hubs) – Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai and Pune.

The scale up, according to Nadar, is likely to expedite balanced regional growth and position multiple smaller cities as new growth frontiers of industrial and warehousing market.