In India, the Freight and Logistics Market size is estimated at 288.18 billion USD in 2023 and is expected to reach 484.43 billion USD by 2029, growing at a CAGR of 9.04% during the forecast period (2023-2029)1. This growth is being driven by a number of factors, including the country’s young population, rising disposable incomes, and increasing urbanisation.
The growth of the Indian economy is putting a strain on the country’s logistics and warehousing infrastructure. India’s expenditure on logistics costs amounts to approximately 13-14% of its Gross Domestic Product (GDP), which is considerably higher than the global average of around 8%2.
One of the main reasons for India’s high logistics costs is the lack of Grade-A industrial parks. Grade-A industrial parks are modern facilities that offer a number of features, such as high ceilings, wide driveways, and loading docks that are located in strategic locations, close to major transportation hubs.
The demand for these Grade-A logistics parks in India is thus rising rapidly. According to a recent report by JLL3, the demand for Grade-A spaces has increased significantly, contributing to more than ~ 65% of the total market demand. This growth is being driven by a number of factors, including:
The growth of e-commerce: E-commerce is one of the fastest-growing sectors in India. The growth of e-commerce is driving up demand for Grade-A industrial development and industrial park for warehousing and distribution purposes.
The expansion of manufacturing: The manufacturing sector is another major driver of the demand for Grade-A industrial development. A number of multinational companies are expanding their manufacturing operations in India. These companies are looking for Grade-A industrial park and industrial warehousing to set up their factories.
The government’s focus on infrastructure development: The Indian government is investing heavily in infrastructure development with National Logistics Policy (NLP) and Multi-Modal Logistics Parks (MMLPs), including the development of new roads and highways. Thus, making it easier for businesses to transport their goods and services, further driving up the demand for Grade-A industrial park.
Why are future-ready logistics parks required in industrial real estate?
Future-ready logistics parks like the Lodha Industrial and Logistics Park (LILP) in industrial real estate, are essential for businesses that want to thrive in the 21st century economy. These parks offer a number of features that make them ideal for businesses of all sizes, including:
- Strategic location: They are located close to major markets and transportation hubs. Making it easy for businesses to reach their customers and suppliers quickly and efficiently.
- Grade-A industrial warehousing: They offer Grade-A industrial development that are equipped with all the latest features. These warehouses are designed to help businesses improve their operational efficiency and reduce their costs.
- Sustainable infrastructure: They are designed to minimize their environmental impact. These logistics parks feature a number of green initiatives, such as solar panels and rainwater harvesting.
- State-of-the-art technology: They are equipped with state-of-the-art technology to help businesses manage their logistics operations efficiently. This technology can help businesses track their shipments in real time, optimize their inventory levels, and improve their customer service.
How LILP, Palava is meeting the needs of future-ready businesses?
LILP, Palava is a state-of-the-art future-ready logistics park that offers all the features that businesses need to thrive. The industrial park is strategically located in Palava (next to Taloja), which is close to major markets and transportation hubs. LILP, Palava also offers future-ready warehouses, sustainable infrastructure, and state-of-the-art technology keeping sustainability at its core LILP, Palava is meeting the needs of future-ready warehouses in Mumbai through the below approach:
Location and connectivity: The Park is strategically located, next to Taloja, and is well-connected by national and state highways. It is also in close proximity to JNPT, India’s largest port, and has quick access to the upcoming Navi Mumbai International Airport. Additionally, a new DP road is connecting the park to Navi Mumbai [NH-48], and it has multiple access points for quick and easy connectivity. This excellent connectivity makes Lodha Industrial and Logistics Park, Palava an ideal location for businesses of all sizes as compared to warehouse in Bhiwandi, warehouse in Taloja, and warehouse in Navi Mumbai when it comes to Grade-A industrial park developers in India.
It is part of the largest privately developed city in the world – Palava, offering a diverse range of high-quality residential spaces and a walk-to-work opportunity in an international business district. This urban oasis also features world-class amenities, an Olympic Sports Complex, and educational institutions, making it an ideal destination for businesses to thrive seamlessly.
Future-ready warehouses: Lodha Industrial and Logistics Park, Palava (LILP) is a future-ready industrial and warehousing park with world-class infrastructure. It is spread over 800 acres and is integrated with high-quality amenities.
LILP is equipped with cutting-edge infrastructure, including EV charging stations, ample parking, fire safety systems, power infrastructure with 100% backup, a business facilitation office, security gates with CCTV monitoring, retail shops and ATMs, a truck terminal, a first-aid centre, drivers rest area, e-cycles for green mobility, external lighting and more.
Commitment to sustainability: Lodha Industrial and Logistics Park, Palava (LILP) is a sustainable industrial and warehousing park that is pre-certified as IGBC Platinum Park. It is committed to sustainability and is the ideal partner for a business’s growth in the coming future.
LILP’s green features and focus on self-sufficiency will help businesses reduce their environmental impact, achieve their sustainability goals, reduce their costs, and improve their resilience. Some of the green initiatives include solar panels, land cut-fill practices, rainwater harvesting, and energy-efficient lighting. These initiatives help to reduce the park’s environmental impact and save businesses money on their energy bills.
Hassle-free experience: Lodha Industrial and Logistics Park, Palava, offers a hassle-free experience for industrial plots and industrial real estate. It provides best-in-class facilities such as proven construction expertise, full compliance with government/IIA/ITP approvals, clear land titles, and cost-efficient solutions through bulk procurement. With a focus on future scalability and an on-ground business facilitation centre, this industrial park is a top choice for warehouses in Mumbai.
The ideal growth partner for India’s evolving logistics landscape
In conclusion, LILP, Palava stands out as a beacon of innovation and efficiency in the rapidly growing logistics and warehousing sector in India. With the Indian freight and logistics market poised for significant expansion, businesses seek future-ready, sustainable, and strategically located solutions.
Furthermore, LILP, Palava’s impressive clientele, including giants like Skechers, FM Logistic, Flyjac Logistics, Aptar Pharma, Schlumberger, and more, highlights its ability to serve diverse industries, from pharmaceuticals to retail and beyond. Notably, LILP, Palava has constructed India’s tallest distribution warehouse for Skechers, demonstrating its capability to meet unique and challenging requirements for warehouses in Mumbai. With LILP, Palava, businesses can expect operational efficiency, cost savings, and sustainable growth, making it the perfect partner for their path to success. Come and experience the ‘Make-in-Mumbai’ vision at Mumbai’s only future-ready park.