India, Nov. 4 -- The National Capital Region (NCR) has emerged as India's leading warehousing market, accounting for 21.8% of cumulative absorption across the country's eight major cities between 2021 and the third quarter of 2026. Warehousing rents in the region have surged 44% since 2023, reaching Rs.33 per sq ft per month in Q3 2026, marking the steepest rental appreciation among the eight markets, according to an ANAROCK Research and Advisory report released on Wednesday.

India's warehousing and industrial real estate market recorded net absorption of 49.5 million sq ft during the first nine months of 2026, registering a 16.2% year-on-year increase against 42.6 million sq ft in the corresponding period last year. Cumulative net absor...