BHUBANESHWAR to become next major warehousing hub
According to Knight Frank India’s latest report, India Warehousing Market Report-2022, Bhubaneswar recorded an exponential surge of 700 per cent taking the warehousing transaction volume to 0.86 million sq. ft.., in FY 2022 from 0.11 million sq. ft., in FY 2021. “Warehousing in Bhubaneswar is clustered around Bhubaneswar-Cuttack Road (NH-16), Tangi, Pitapalli and Chandaka. The demand for warehousing in the city has been picking up gradually in recent years and is widely dominated by local developers. In the last few years, development of industrial and logistics parks around the city has further boosted warehousing activities in the market,” the report stated.