Chennai’s warehousing transaction volume increased by 44% in FY 2022

`Knight Frank India, an international property consultancy, in their latest report - ‘India Warehousing Market Report 2022’, cited that Chennai recorded warehousing transaction volume of 5.1 mn sq ft in FY 2022, a substantial growth of 44% YoY compared to 3.53 mn sq ft in FY 2021.Chennai, due to its proximity to the sea, became a desirable base for heavy industries.Sriperumbudur-Oragadam area dominated with the highest share of warehousing transactions. 

The region accounted for 69% of the total transacted volume during FY 2022. This cluster, which is well-known for manufacturing also serves as the main hub for the automotive and related industries. FMCG and FMCD constituted to the biggest demand driver for warehouses. The sector accounting for 38% share of the region’s warehousing transactions, followed by third party Logistics (3PL) players with 35% share in FY 2022.