India’s industrial & logistics construction to exceed 60 million square feet: Report ...Middle East

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India’s industrial & logistics construction to exceed 60 million square feet: Report
source : News room odisha ( Middle East ) () 65
New Delhi: India’s rapid urbanisation, robust infrastructure development, and economic growth have collectively driven significant demand, boosting construction activity in the industrial and logistics sector and supply, which is projected to surpass 60 million square feet annually over the next 3-4 years, a report said on Tuesday. According to a report by Savills India, a global real estate advisory firm, “On an average, 3.4 per cent to 6.7 per cent increase in construction costs for general manufacturing and 4.8 per cent to 6.7 per cent for grade-a warehousing were registered between H1 2020 and H1 2024.” The report further said, “Among cities, Kolkata recorded the highest escalation for

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