CBRE South Asia Pvt. Ltd, announced that the Industrial and Logistics (I&L) sector in Kolkata will record a 5-year high supply in 2023 as a result of the completion of pent-up projects across the city and its peripheries. Total I&L supply in 2023 is likely to touch ~5.2 mn. sq. ft.
Kolkata’s strategic location as the entry point to the country’s east and further to land-locked countries such as Nepal and Bhutan and the state’s industrial prowess has further boosted the city’s I&L sector. Total I&L leasing in the city in 2023 is likely to touch ~3.5 mn. sq. ft. sustaining 2022 levels. During the Jan-Sep’23 period total leasing in I&L sector in the city stood at 2.7 mn. sq. ft. The city has close to 10 mn. sq. ft. of Grade A logistics developments in NH-2, NH-6, and Taratala regions.
The I&L growth in the city has been primarily in the micro-markets of NH – 2 & NH – 6 due to strategic positioning along the National Highway, signifying the likelihood of further growth in both industrial and commercial activities, especially in Dankuni and Singur. Meanwhile, NH - 6 emerges as a multifaceted micro-market, encompassing industrial zones such as Dhulagarh and evolving areas such as Uluberia, reflecting a combination of industrial and residential development.
In the Taratala micro-market, locations such as Taratala Road, Hyde Road going upto Maheshtala, there is a distinctive mix of industrial and commercial activities, indicating the potential for growth and progress in these areas