In 2025, India’s industrial and logistics real estate market hit a peak, with leasing activity jumping roughly 19 percent to reach 76.5 million square feet across 24 key urban centers.
Growth was particularly concentrated in eight major tier-I hubs, including Mumbai, Delhi-NCR, Bengaluru, and Pune, where leasing rose by 20 percent to 59.5 million square feet. Delhi-NCR secured its position as the market leader, expanding its footprint from 9.8 million square feet in 2024 to 13 million square feet in 2025.
Meanwhile, emerging tier-II and tier-III markets such as Jaipur, Lucknow, and Coimbatore experienced a 14.5 per cent increase, reaching 17 million square feet.
In 2026, with both market supply and demand are expected to top 80 million square feet.