Mumbai: India's warehousing industry is witnessing a green transformation, driven not just by developers and investors but increasingly by multinational corporate occupiers whose global sustainability mandates are reshaping the market.
As companies tighten focus on their supply chain emissions to meet Scope 3 targets that include all indirect greenhouse gas (GHG) emissions, green-certified warehouses have moved from being a 'nice-to-have' to a 'must-have' in India's rapidly expanding logistics landscape, experts said.
Led by this, India's certified green warehousing stock is expected to quadruple to 270 million square feet by 2030, up from 65 million square feet in 2024, showed data from JLL India. This underscores how global corporations are steering demand towards sustainable, energy-efficient assets as part of their Net Zero strategies.
"Sustainability features such as green certifications, energy-efficient architecture, and advanced water management systems are no longer optional-they're essential for attracting and retaining high-quality, long-term occupiers. Global brands with ambitious ESG targets now prioritise assets that demonstrate strong environmental performance throughout their lifecycle, beyond mere location and cost," said Mehul Shah, CEO, India of Singapore-headquartered logistics platform LO-GOI Group.
The share of green-certified space is expected to rise substantially as institutional players prioritise globally recognised standards like LEED, IGBC, and GRIHA to attract and retain marquee tenants.
"We believe that this shift towards green assets is not just good for the planet, it is smart business. Sustainable warehouses offer operational efficiencies, long-term savings, and future-proof value for both landlords and occupiers.
The coming years will see a clear divide between assets that can meet these expectations and those that cannot," said Anshul Singhal, co-founder & MD, Welspun One.
Institutional players have understood that to have Multi-National Companies (MNCs) as tenants, their warehouses need to be Green and it is non-negotiable.
As companies tighten focus on their supply chain emissions to meet Scope 3 targets that include all indirect greenhouse gas (GHG) emissions, green-certified warehouses have moved from being a 'nice-to-have' to a 'must-have' in India's rapidly expanding logistics landscape, experts said.
Led by this, India's certified green warehousing stock is expected to quadruple to 270 million square feet by 2030, up from 65 million square feet in 2024, showed data from JLL India. This underscores how global corporations are steering demand towards sustainable, energy-efficient assets as part of their Net Zero strategies.
"Sustainability features such as green certifications, energy-efficient architecture, and advanced water management systems are no longer optional-they're essential for attracting and retaining high-quality, long-term occupiers. Global brands with ambitious ESG targets now prioritise assets that demonstrate strong environmental performance throughout their lifecycle, beyond mere location and cost," said Mehul Shah, CEO, India of Singapore-headquartered logistics platform LO-GOI Group.
The share of green-certified space is expected to rise substantially as institutional players prioritise globally recognised standards like LEED, IGBC, and GRIHA to attract and retain marquee tenants.
"We believe that this shift towards green assets is not just good for the planet, it is smart business. Sustainable warehouses offer operational efficiencies, long-term savings, and future-proof value for both landlords and occupiers.
The coming years will see a clear divide between assets that can meet these expectations and those that cannot," said Anshul Singhal, co-founder & MD, Welspun One.
Institutional players have understood that to have Multi-National Companies (MNCs) as tenants, their warehouses need to be Green and it is non-negotiable.
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