Warehousing and logistics absorption up 8% in H1 2024, Mumbai leads: Report

Warehousing and logistics absorption grew by 8% to 16.6 million sq ft in H1 2024 compared to H1 2023. Mumbai and Pune contributed 63% of total absorption, with strong investment reaching USD 1.6 billion. Third-party logistics firms dominated, while the NCR region saw a significant decline in share.