New Delhi, Feb. 14 -- India's total warehousing stock reached 533.1 million square feet in 2024, with emerging tier II and III cities contributing approximately 100 million sq ft, accounting for 18.7 per cent of the total stock.

This shift signifies a major transformation in India's logistics landscape, moving towards a hub-and-spoke model aimed at enhancing last-mile delivery efficiency, a vision aligned with the implementation of the Goods and Services Tax (GST).

Since GST's introduction, the warehousing sector has flourished in major metropolitan areas. Now, the momentum is shifting to smaller cities, where stock has grown four-fold since 2017, reaching 100 million sq ft in 2024, according to a report by real estate firm JLL released...