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Industrial Snapshot Q4 2022

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1536 Industrial Snapshot

Industrial and warehousing demand remained healthy during 2022, up 8% YoY, across the top 5 cities in India. During the year, demand from engineering and electronics firms surged more than 2X (YoY).


  • Delhi-NCR led the demand during 2022 with 36% share, followed by Pune
  • Third-party logistics players accounted for 44% of the total gross absorption
  • Vacancy levels dipped to 9.4%, down 2.4pp YoY amidst robust demand and limited new supply
  • Large deals (deals > 100,000 sq ft) contributed to about 70% of the demand



1024 Industrial Snapshot

Industrial Snapshot Q4 2022

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Shyam Arumugam

Managing Director

Industrial & Logistics Services


 Managing Director & Head - 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"

Hi, I am Shyam Arumugam 👋 - nice to e-meet you.

I am the Managing Director & Head of the Industrial & Logistics Services business for Colliers in India with 11 offices spread across Delhi, Gurugram, Noida, Mumbai, Pune, Hyderabad, Bangalore, Kolkata, Kochi Ahmedabad & Chennai. Colliers is well poised to cater to local, national and international clients across India providing them superior service delivery and in-depth market knowledge to take well informed real estate decisions on land, factories & warehouses.

Over the last 17 years, I have had the opportunity to service global clients providing hands-on Consulting, Valuation & Brokerage services of Industrial, Logistics and Office Assets. A complete believer of the "India Growth Story" and positioning Real Estate as Real Advantage for High-Growth organisations.

I have thrived thus far and continue to do so in a competitive environment seeing multiple Real Estate cycles over the years. My specialization is to manage high performance teams and mentoring hard-hitters in the Industry that accelerate our client success. A Finance Post Graduate with Civil Engineering Bachelors' Degree I am able to enable clients to take informed decisions in tough situations and deliver long term value creation. I am proud to be an esteemed member of the Royal Institute of Chartered Surveyors (MRICS), UK.

Key Specialties & Areas of Expertise:

⏩ Industrial Real estate & Land for Industrial / Logistics Parks across India
⏩ Warehousing - Big Boxes, Fulfillment Centers, 3PL, Mid-Mile & Last Mile
⏩ Consolidation Strategy Formulation Expert
⏩ Factory Re-location Specialist
⏩ Corporate Location Strategy Formulation - Manufacturing, Warehousing & Data Centers
⏩ Optimal Development Strategy Formulation
⏩ Purpose-Built Development Expert

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Vimal Nadar

Senior Director


Mumbai (Corporate Office)

Vimal has a cumulative of about 14 years post qualification (as a Chartered Accountant) experience and recently joined Colliers as the Head of Research. He is responsible for leading and managing India Research operations. He will focus on thought leadership though timely and insightful content to support business growth while elevating the brand  value of the company. Prior to this, he led research thought leadership at JLL and Cushman & Wakefield. He began his professional career with Crisil; business research and consulting being his core areas of work. His areas of expertise include business assessment, demand-supply analysis, market entry strategy, strategic road mapping, etc in sectors such as Real estate, Cement, BFSI and other sub-sectors within the infrastructure domain. 

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