Delhi NCR and Chennai drive 45% of India warehousing demand in H1 2026
Industrial and warehousing leasing across eight cities rose 12% year on year to 21.9 million sq ft, Colliers said. Delhi NCR absorbed 5.9 million sq ft and Chennai 4.1 million sq ft, while e-commerce contributed 16% of leasing demand.
India’s top-eight-city warehousing leasing rose 12% to 21.9 million sq ft in H1 2026, led by Delhi NCR and Chennai. E-commerce represented 16% of demand, while supply outpaced absorption, lifting vacancy to 17.2%.
Why this matters
The leasing gains extend Colliers India's recent warehousing signals on Delhi-NCR rents rising 30% in five years and 13 logistics clusters driving 70-80% of Grade A warehousing growth.
Retail-company signals are accelerating, up 1,018,500% QoQ.