Market in Minutes: Mumbai Industrial & Logistics | Year-End 2022

In 2022, Mumbai Metropolitan Region (MMR) witnessed an absorption of 6.3 million sq. ft. of industrial and warehousing space against 6.0 million sq. ft. in 2021. The Bhiwandi sub-market accounted for around 86% of the total absorption witnessed in 2022. The 3PL sector accounted for 79% of total absorption witnessed in 2022, followed by the retail sector at 12%.