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Colliers India Industrial & Warehousing Market Snapshot

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2021 Industrial Warehousing Market Snapshot 1536

Absorption for H1  2021 was noted at 10.1 million square feet whilst supply was estimated at 15.1 million square feet and vacancy rate at 12.2%. 

Delhi NCR led the leasing activity with a share of about 30.2%, followed by Pune and Bengaluru with a share of 27.2% and 20.0% respectively. 
Almost 59% of the total leasing was in Grade A industrial and warehousing facilities indicating increased inclination for high-grade structures.
Delhi NCR accounted for almost 63% of the new supply delivered in H1 2021, followed by Mumbai and Chennai accounting for 15% and 11% of the pie respectively. 
All the cities saw an uptick in rentals in H1 2021 from those of last year. Bengaluru saw the steepest rise of about 19% as demand outpaced supply.

 

2021 Industrial Warehousing Market Snapshot 1024

Colliers India Industrial & Warehousing Market Snapshot

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Ramesh Nair

Chief Executive Officer | India

Managing Director, Market Development | Asia

Mumbai (Regional Office)

Ramesh has over 24 years of experience in consulting across top-tier International Property Consultants (IPCs). As the Chief Executive Officer (CEO), India & Managing Director, Market Development, Asia, Ramesh drives Colliers India’s overall direction, strategy and growth. He is responsible for developing new client relationships, ensuring consistently superior levels of service delivery, and incubating new specializations. Having worked across diverse asset classes such as office, land, warehousing, industrial, retail, residential, data centers, and hotels advising leading domestic and multinational owners, investors, and occupiers, he aligns all business lines towards the firm’s strategy internally and externally.

He develops a country-wide growth plan, manages revenues, operating expenses, and profitability to drive results, identify trends, and take corrective action. Ramesh also creates our workforce to provide innovative future solutions and help clients define and deliver successful real estate projects of the highest quality. As Managing Director, Market Development, Asia, Ramesh uses his considerable industry experience to add value beyond the boundaries of India and develop services, expand client relationships, and attract other talented professionals to the company. Ramesh also serves on the Colliers Asia Executive Board.

Before joining Colliers, Ramesh served as the CEO & Country Head of JLL India, where he oversaw the work and outputs of ~12,000 professionals working across transactions, consulting, and annuity businesses. During his tenure, he successfully grew the company to record heights. Previously, Ramesh held other leadership positions at JLL, such as COO – India; MD - West India; South India Markets Head; India Head of Land; MD – Industrial; MD – Chennai; and MD – Hyderabad. Ramesh was one of the youngest International Directors and Country Heads of JLL globally. He has also been a member of the Asia Pacific Executive Board of JLL and the J8, a group of JLL’s eight most prominent countries in terms of profits and revenues globally amongst 80 countries.

Easily one of the most recognizable persons in real estate in India, Ramesh is one of the influential thought leaders in the Industry. He has written widely for prominent publications like the Times of India and Economic Times. He frequently appears on business shows across leading business channels such as CNBC.

A firm believer in the value of education, he has been a guest lecturer at prestigious institutes such as IIM Ahmedabad, IIM Kolkata, ISB Hyderabad, JBIMS, and SP Jain.

 

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Shyam Arumugam

Managing Director

Industrial & Logistics Services

Chennai

 Head of Industrial & Logistics Services | India 

"Real Estate Transaction professional with cognizance of multi-market trends in India and global connections across Asia specializing in Industrial and Logistics Assets"

Shyam joined Colliers in the year 2015 in Chennai Office of Colliers as Associate Director of Office Services. The entrepreneurial culture  and strong/visionary  leadership at Colliers  motivated him to join Colliers after a decade long successful stint with CBRE where he was working in the Consulting and Advisory Services for marquee clients across the globe. 

 Shyam brings with him a wealth of Advisory/Consulting experience having worked with clients across India and Sri Lanka. Shyam has been working with clients both in Commercial as well as Industrial leasing over the last 5 years delivering game-changing solutions to clients

Shyam has a cumulative experience in real estate of more than 16 years and is widely respected as one of the key India Leaders in the Industrial & Logistics Real Estate space. Having worked with well known corporates in India and abroad , Shyam believes  on a "CLIENT FIRST" approach to deliver results for occupiers, developers and investors.  

Shyam along with his team of Industrial experts across India  have accelerated success of their clients across India and across the globe.

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