印度商业地产市场观点报告

REPORT Key Takeaways Conduct=d betwee Mar=h and April 2025, the CBRE 2025 Asie Pacifie Logistlcs Occupier Survay collected over 380responses from lcgistics cccupiers across the A PaC rec ion. includinc signifinant 1oo+ resocr ses fram Ind is-bsseclcccupiers.Thisropeil previdos a cempienonsivu and in-dupth analysis of thekey survey Indinge. 55%of respondents ic.entified costescalatlon as the primarychallenge their bu sinessesmonths 82%of the nclia-basxd respcrdertststectheyexpecttheirbuslnessperformance to improve ovcrthe next 2 months 70%nf responclen:s ind estedImprovlng Inventoryvisibllltyand planning, a ong withincroasingtheir6uppliarbase,werethemostpapularmeasuresta onhance their s pply ch sin 81%.[.[1 naip. r.p.inr.sn1 jointent to oxpand theirwarehousing portfolio ouc: the?SJEOA X.I 84% 61%of ospoadeats eitod proximityto transportationinfrastructure as the rncstcritica factor wan seleacting awsrehouse within a market of rospuridenils ndicalcc Lhalstrong preferences for bgttoramanities and services are thepri nary drivers of the flight to Contents Business Ser LinentForl'olio Stralcgics3. Sipply Chair". view onESG5. Thre wiay FarwardS. suryey Frofik7.Disclairrer & Def ritions Bus,nces oimic.i[ Occupiers remain confidentregarding their business outlook India's incustrial ard og'stics (lsL seutcr has axperienced acceleratedtornalisaticn anc robust growtn in recent years. Tnis expansion is p'imarily drivenhy a surge in institutional nvestment, a imaturinc: regulstcry ervironment, anci thestrategic diverslicatlcr of opxeraulons bxvond top-ticr citlos inta t cr-ll : ll markcts.Furl'eimcre. irncreasod logislice oulsoulcing. the lisc of third-parly og sLics c3PL)provicers. and ccuipie's heightened emphasis on coplis nce and sustsinabilityhave been critical catalysts. This strong momentum positions the secto' fcrconcint.ed grcwzh, wich 82y cf rurvey reaponcienta indicaring trst their husinesspciformsnce Is cxxcted to Improve over tho next 24 mont hs. Key factors for the anticlpated Improvement Include. Easing supply chain prcssuros; Th Nw Yor< Fccoral Roscrvo's GlobalSupply Chain Pressure Index (CsCPI)l dropped to -0.28 in Asrl 2025,indicat ng tbelawnarmel stress levels g lobally*. Increased investor confidence: In 202i, Incia's I&L sector attractedsigficant investmen worh --l.s 1 billon, wth foreign investorsaoxourling for nearly hall ol tho owcrall enaioil Thie lobust growlh isanticipeted to persist through 2025-26. yed*'s sircng pertorildnce. the count'y's lcgistics sector witngssd anabsorption of more than 39 milion sq. tt. in 20243. Building upon thisgrowtl1 trsjertory. leaing 8c.tivity i: likelv to reMa n strong in 2025-26 d, a s aaa.f.aai1'4- +**iF'. I'..A.Fak = Yr. k, . S,c."F ? -M : >? Top challenges: Cost escatation, economic uncertainty nd market competition Cespitc thc projoctec strogl growrth in thc l&L soctor. rising ccsts havc bocomo a key concern. This trend is attributed to multiplo factors, including complex lxistics cporatioas, freximented suoply chains, highland an<l <levelopmcrt ccsts, and colayec infrast'ucturo nhancomon.s. Nearly 55% of survcycd occuoicrs i<lcntificd 'cost escalation' as thcir foremcst challcnsc.Registering a real CDP growth o+ 7.4ss in Q4 FY2024-25! ndia's growth is primarily driven bry robust donest'c consumpcion, strong government speading cn in'rastructure, a nd a thriving services sector. However.globa trade and geopclitica tensicns ccu ld inoact domestic demand, private 'nvestment, =nd 'nflationary trends. Consequently, economic uncertalnty' emerged as the second- hig hest concern, cited by h% ctresponclents as a slgnificant challenge Real Estate Busine6s MARKET COMPETITION Ccnetition is a nplified by the emergence cf new entrants introduring innovativehu.siness mcdels anc a recent wave of mergers and scqu sitions facused on msrketsonsolida.ion, seograph c oxpansion.capebi ity onhancomont, anc technologyirntuyratiuri witrin the lcgistics soclc: acupiers are setivey cninpeting for limitechigh-quality space, drlven by the imperstive forprime locations anc inereased sdherencetccamp iance. stands as a m=jor challeng e °or over i5% of respcr derts. havingintensif d ccnsidersbly in recent years. This eightened compecit onms nifests primg rily in two key areas: See ertie,i Reverse fogistics, ast mie fogistics.and fand prices key areas of concern Reverse logistics in India cften contends with elevazad casts. prinarily dJe tcfragmented supply chsins, inefficlent re:urn processes: and limited technclonlyadoplion. CBRE Rcsouich, col bo"ul ng will Qplorc, slimalos Llial 1cvcrscIcgistics transpcrtaticn slor =vcounts for 10-16% of return prccessing costsNotaboly. 83% of su'vuyud rusouridunits idunitified 'reversg logistics" ds theiprimary oncern, h ghlighting the citical nged for optimised supply chsinopxra.inrs? Last-mlle loglstlcs' and 'real estate land prlcesr were slso ideatified as areas acuncern by 82% and 81% of respondents, respectively. Las