India’s green warehousing sector is experiencing rapid expansion, with certified sustainable warehouse space expected to quadruple from 65 million sq ft in 2024 to 270 million sq ft by 2030, according to a JLL India study. Over the past five years, the country’s warehousing landscape has undergone a dramatic transformation, with Grade A stock across key cities rising 2.5 times—from 88 million sq ft in 2019 to 238 million sq ft in 2024.
Out of the 90 million sq ft of institutional Grade A warehousing stock, around 72 per cent or 65 million sq ft is already green-certified or currently progressing through various certification stages. This green-certified stock is expected to quadruple by 2030 as institutional players push forward with sustainability-led strategies, leveraging standards such as LEED, IGBC, and GRIHA.
Institutional investors are playing a pivotal role in advancing this green transition, with more than 45 per cent of the current 90 million sq ft institutional portfolio already certified under established sustainability standards, and a further 10 per cent pre-certified and another 10 per cent undergoing certification.
Since the pandemic, institutional investment in Indian warehousing has doubled, further accelerating the shift towards green-certified assets. Looking ahead, India’s warehousing market is projected to reach 885 million sq ft by 2030. Within this, the pipeline for institutional supply stands at around 260 million sq ft, representing 70 per cent of all forecasted Grade A stock, with 80 per cent expected to be green-compliant. Retrofitting of non-green Grade A stock and avenues of funding are key opportunities to future-proof assets in India’s evolving warehousing landscape.
