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The demand for warehousing space in Delhi-NCR from e-commerce players would increase by 60 per cent to over 8 million sq ft by 2020, according to a report by property consultant Knight Frank India. The national capital region presently has 223 million sq ft of warehousing stock, of which over 80 per cent or 187 million sq ft is from manufacturing sector and the remaining 36 million sq ft is from retail (consumption) sector.
“The E-tail sector has emerged as a major driver for the incremental warehousing space requirement in recent years and currently account for 14 per cent of the total space requirement of the consumption-led demand,” Knight Frank said. While, brick-and-mortar stores still lead in terms of warehousing space stock at 31 million sq ft, the e-commerce segment contributes about 5 million sq ft. “We estimate space requirement from the e-tail segment to increase by 60 per cent to more than 8 million sq ft by 2020,” Knight Frank India Chief Economist and National Director -Research Samantak Das told.
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