India's Logistics Leasing Soars to Record 60 msf in 2025 Driven by Manufacturing, E-commerce

• India's logistics and industrial (L&I) real estate market is projected to hit a record 60 million square feet (msf) in leasing volumes by 2025, according to Cushman and Wakefield.
• This marks the fourth consecutive year with absorption exceeding 50 msf, with 2025 levels expected to become the new baseline for 2026.
• Strong manufacturing, rapid expansion of 3PL and e-commerce, and policy-led efficiency gains are key growth drivers.
• Engineering & Manufacturing led leasing with 32%, followed by 3PL (24%) and E-commerce (15%).
• Rental growth for 2026 is projected at 3-7% pan-India, with Pune leading at 7% and Mumbai, Hyderabad, Chennai, Kolkata, Bengaluru, Delhi NCR at 4-5%.

Why It Matters: India's L&I real estate sector is experiencing unprecedented growth, setting new leasing and rental benchmarks.