The major warehousing clusters of Odisha are Bhubaneswar-Cuttack Road (NH-16 Cluster), Tangi, Chandaka and Pitapally. The local players dominate the warehousing market to a great extent. There are many options available in excess for Grade B developments whereas the space supply for Grade A warehouse is a little constrained. The strategic location of Bhubaneswar that could serve Odisha’s wide customer base have drawn the attention of a large number of ecommerce companies together with the FMCG sector. The outskirts have seen gradual expansion in the Tangi Cluster and along the Bhubaneswar-Cuttack Road (NH-16 Cluster). In the recent past, the ecommerce multinationals have shown a lot of interest over the regions of Mongoli, Mancheswar and Nakhara. StoreFresh looks forward to explore out all sorts of possibilities and bring about further development in the warehousing sector of Odisha.
The previous year saw leasing of huge warehousing spaces in Bhubaneswar. Of the total volume, big percentages of warehouse spaces were leased in the Tangi cluster and the Bhubaneswar-Cuttack Road (NH-16 cluster) followed by the cluster in Pitapally and Chandaka. Going by the industry-split, FMCG accounted for most of the percentage, followed by ecommerce and then other sectors and lastly manufacturing.
Warehouse requirements from the multinational occupiers had a particular range and this shall say unchanged even in the period post Covid-19. New trends are coming up and the period after Covid-19 shall define the course in which the market shall head. This change in course is happening even before developers and investors could infuse the supply of Grade A leading to an organized development of the warehousing sector. The new changes in the new era shall depend a lot over the impacts of FMCG, FMCD consumption. It is expected that ecommerce shall continue to focus over the development of warehousing industry in the markets of tier II cities and it is expected that capital cities shall continue to garner the interest of players out there.