Green warehousing footprint in India to quadruple, expected to reach 270 million sq. ft by 2030: JLL

• Institutional Grade A warehousing space has increased 3X from 28 million sq. ft in 2019 to 90 million sq. ft in 2024.
• Total India warehousing stock projected to reach 885 million sq. ft by 2030
   

MUMBAI, 16 JULY 2025: The green warehousing sector in India is poised for exponential growth, with certified sustainable warehouse space expected to expand from current levels to approximately 270 million sq. ft by 2030, according to JLL report titled ‘India’s sustainable warehousing landscape: A green print.’

In just five years (since 2019), India has witnessed a remarkable transformation in its warehousing landscape. Since 2019, Grade A warehousing stock across India's major cities has expanded dramatically, growing 2.5 times from 88 million sq. ft to an impressive 238 million sq. ft by 2024. This growth reflects the increasing demand for high-quality storage and distribution facilities as India's economy modernizes, and e-commerce continues its rapid expansion.

More striking is the rise of institutional-grade warehousing space, which has tripled from 28 million sq. ft in 2019 to 90 million sq. ft by end of 2024. This surge demonstrates the growing confidence of major global investors who are bringing international sustainability standards to the Indian market.

Out of the 90 million sq. ft of institutional Grade A supply, around 72% or 65 million sq. ft is green certified or at different stages of green certification currently. Perhaps the most encouraging is that this 65 million sq. ft is anticipated to quadruple by 2030, as institutional players prioritize sustainability through LEED, IGBC, and other certifications. This green revolution isn't just good for the environment, it represents a fundamental shift toward future-proofed assets with improved operational efficiency, reduced energy costs, and enhanced marketability.

“India's green warehousing transformation is driven by not only Institutional investor backed developers but also by corporate occupiers or tenants. The Net Zero Goals of most corporates are leading them to choose warehouses that are Green Certified. JLL analysis shows that occupiers are focusing on 30% - 40% savings in energy consumption (over a project lifecycle) and water savings apart from recycling of waste, green materials etc.” said Yogesh Shevade, Head – industrial & Logistics, India, JLL.

The analysis reveals that institutional investors are driving this green transformation, with more than 45% of the current 90 million sq. ft institutional portfolio already certified under LEED, GRIHA, IGBC or similar standards, while another 10% is pre-certified and an additional 10% in various certification stages.

Post-Covid, institutional investment has doubled in warehousing space, accelerating green certification activity. Institutional players have understood that to have Multi-National Companies (MNCs) as tenants, their warehouses need to be Green. It’s non-negotiable.

With a visible supply pipeline of approximately 260 million sq. ft of institutional supply by 2030 (representing 70% of all Grade A forecasted supply), and institutional players contributing approximately 80% of compliant green warehouse supply, India's green warehousing sector is positioned for transformative growth. The research also identifies significant potential in retrofitting existing non-green Compliant Grade A stock, avenues of funding green warehouses to future-proof these assets.

JLL is India’s premier and largest professional services firm specialising in real estate. The Firm has grown from strength to strength in India for the past two decades. JLL India has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi, and Coimbatore) and over 130 tier-II and III markets with a cumulative strength of over 16,000 professionals. The Firm provides investors, developers, local corporates, and multinational companies with a comprehensive range of services. These include leasing, capital markets, research & advisory, transaction management, project development, facility management and property & asset management. These services cover various asset classes such as commercial, industrial, warehouse and logistics, data centres, residential, retail, hospitality, healthcare, senior living, and education. For further information, please visit jll.com.