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warehousing in mumbai

Mumbai Metropolitan Region (MMR) is India’s financial hub and one of the country’s major cities by population. The city is India’s most significant and largest consumer market.

There are three primary drivers of warehousing demand in Mumbai: e-commerce and retail, export-import (EXIM), and manufacturing. While manufacturing demand has decreased in recent years, it is consumer demand, fueled by e-commerce and third-party logistics (3PL), that has been driving the warehouse business in Mumbai.

Top Warehouse Occupiers In Mumbai

Occupier Industry Warehouse Cluster
DHL 3PL Bhiwandi warehousing cluster
Citi Solutions 3PL Bhiwandi warehousing cluster
Flipkart E-commerce Bhiwandi warehousing cluster
Tulsi Global 3PL Bhiwandi warehousing cluster
Reliance Retail Retail Bhiwandi warehousing cluster
Amazon E-commerce Bhiwandi warehousing cluster
Spoton 3PL Bhiwandi warehousing cluster

The Bhiwandi warehousing cluster is geographically placed at the intersection of Mumbai, Navi Mumbai, and Thane, making it a perfect site for meeting consumer demand. The majority of warehouses in Bhiwandi, however, are older and lack modern amenities. Additionally, the roadways are narrow and congested, frequently gridlocked with traffic. Bhiwandi is undergoing a gradual transformation into an affordable housing location, and the forthcoming metro line, Thane-Bhiwandi-Kalyan, will highlight this transformation.

warehousing mumbai statistics

The warehouses leaving Bhiwandi are being relocated along the Mumbai-Nashik route NH-3, which features a high-quality two-lane road with a divider. This road parallels the Thane-Bhiwandi Road and gives a more direct route to the MMR. This highway is currently being widened to accommodate rising traffic volumes. Along NH-3 and on the Kalyan-Sape Road, which connects NH-3 to Kalyan, higher-quality warehouses are sprouting up. Lonad, Usroli, Vashere, Vadape, Amane, Sawad, and sites before the Padgha toll booth are also rising locations. A few warehouse developers are also hunting for land adjacent to the Padgha toll booth, taking advantage of the region’s low land prices.

mumbai warehousing market

Due to its closeness to India’s largest port, JNPT, the Panvel warehousing cluster mostly serves EXIM demand. Despite having a superior infrastructure to Bhiwandi, the Panvel warehousing cluster could not absorb Bhiwandi’s consumption demand. This is because Bhiwandi has a well-established ecosystem for warehousing activities in terms of auxiliary services, which are scarce in the Panvel cluster.
Additionally, most markets inside the Panvel storage cluster have bonded warehouses and operate on the pallet system, which is more advantageous for occupiers fulfilling EXIM demand. Local issues exist in the Panvel warehouse cluster that occupiers must resolve, whereas in Bhiwandi, landlords often manage local issues and add the cost to the occupancy cost.

In FY20, Mumbai’s storage industry leased 7.52 million square feet, an increase of 8% year on year over FY19. The 3PL and FMCD (Fast Moving Consuming Durable) categories drove this growth.

Land Rent and Warehouse Rent in Mumbai

Rents have mostly stayed consistent, and we do not anticipate a significant rental rise in the near future due to current adjustments in the utilisation of existing warehouse space and future demand trends. Indeed, as a result of the lockdown, there would be downward pressure on rental rates, as occupants would likely seek better contractual terms, citing decreased demand.

Warehouse Cluster Location Land Rate (INR mn/acre)
Bhiwandi Warehousing Belt Vadpe 23 - 28
Padgha 18 - 25
Vashare/Sape 20 - 25
Lonad 17 - 20
Sonale 25 - 30
Yewai 25 - 30
Borivali Tarf Sonale 15 - 18
Dhole 15 - 17
Kosambi 15 - 18
Panvel warehousing belt Palaspe - Goa Road 25 - 30
JNPT 16 - 25
Taloja 20 - 40
Patalganga 16 - 25

Looking to rent a warehouse in Mumbai?

Stockarea helps you find the right  rental warehouses in Mumbai  for your needs. Stockarea also provides end-to-end  warehousing services in Mumbai from Customs Clearance to Last-Mile Delivery. 

Contact us today and get a free warehouse solution report today.

References –  https://content.knightfrank.com/research/2015/documents/en/india-warehousing-market-2020-indian-real-estate-residential-office-7280.pdf

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