The record
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- Delhi NCR and Chennai led India's industrial and warehousing leasing in the first half of 2026, together accounting for over 45% of Grade A leasing, according to a Colliers report.
- Leasing across the top eight cities reached nearly 22 million sq ft, up 12% year-on-year, with Mumbai, Pune and Bengaluru each absorbing more than 2 million sq ft.
- Pune, Ahmedabad and Kolkata grew 30% or more, pointing to more diversified demand, while Q2 leasing was marginally lower at around 11 million sq ft due to supply chain disruptions from the West Asia conflict.
- E-commerce drove over 30% of large deals, and industry executives say rising land and labour costs in metros are pushing occupiers towards Tier-II cities.
What to watch next
- Whether Q2 supply chain disruptions from the West Asia conflict persist and affect full-year leasing
- Growth of emerging Tier-II and Tier-III hubs like Chakan, Coimbatore and Hosur
- Impact of government initiatives such as PM Gati Shakti and the National Logistics Policy on rest-of-2026 demand
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Named India · Ahmedabad · Bengaluru · Kolkata · Mumbai · Pune · Chennai · Colliers · Delhi-NCR · National Logistics Policy · Neeraj Balani · PM Gati Shakti · Ramnath Subramaniam
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