India’s green warehousing sector is on a fast track to unprecedented growth. According to JLL’s latest research report “India’s Sustainable Warehousing Landscape: A Greenprint,” the country’s certified green warehouse stock is projected to expand fourfold, reaching approximately 270 million sq. ft. by 2030, up from 65 million sq. ft. in 2024.
This surge in sustainable storage space underscores the profound shifts underway in India’s logistics and industrial real estate markets as institutional investors and large corporate occupiers align with Net Zero commitments and global ESG mandates.
“India’s green warehousing transformation is driven not only by institutional investor-backed developers but also by corporate occupiers. Most corporates have Net Zero goals, making Green Certified warehouses non-negotiable,”
Yogesh Shevade, Head – Industrial & Logistics, India, JLL.
India Warehousing Growth Snapshot
| Metric | 2019 | 2024 | 2030 (Projected) |
|---|---|---|---|
| Total Warehousing Stock | N/A | ~435 million sq. ft. | ~885 million sq. ft. |
| Grade A Warehousing Stock | 88 million sq. ft. | 238 million sq. ft. | ~370 million sq. ft. (est.) |
| Institutional Grade A Stock | 28 million sq. ft. | 90 million sq. ft. | ~260 million sq. ft. |
| Certified Green Warehousing Stock | N/A | 65 million sq. ft. | 270 million sq. ft. |
Key Drivers of the Green Surge
- Institutional Investment:
Institutional Grade A warehousing space has tripled since 2019, with over 45% of the 90 million sq. ft. institutional portfolio already certified under LEED, IGBC, GRIHA, or similar green standards. An additional 20% is either pre-certified or in the process of certification. - Corporate Net Zero Targets:
Companies are prioritizing sustainable facilities to achieve 30–40% energy savings, water conservation, waste recycling, and improved operational efficiency. - E-Commerce and Modernization:
The expansion of e-commerce has driven demand for high-quality, future-ready warehouses.
Breakdown of Institutional Grade A Green Warehousing (2024)
| Certification Status | Area (Million sq. ft.) | Share of Institutional Stock |
|---|---|---|
| Certified Green | ~41 | ~45% |
| Pre-Certified | ~9 | ~10% |
| In Certification Process | ~9 | ~10% |
| Non-Green | ~31 | ~35% |
| Total | 90 | 100% |
Institutional Pipeline by 2030
By 2030, institutional developers are expected to contribute approximately 260 million sq. ft. of Grade A space, representing 70% of forecasted Grade A supply and 80% of compliant green warehouse supply.
“Post-Covid, institutional investment has doubled in warehousing. Developers have realized that MNC tenants demand Green Certified assets—it’s simply a baseline expectation,”
JLL Research.
Looking Ahead
JLL analysts highlight that apart from new construction, retrofitting existing non-green Grade A warehouses remains a significant opportunity. Funding avenues and incentives for upgrading older stock will be essential to fully future-proof India’s warehousing assets.
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