chennai rising demand from ecommerce companies for storage has driven lease rentals northwards by 2030 between june and september 2020 compared to precovid levels the surge in demand for warehouses closer to the city is seen after etailers entered into sale of groceries and perishables during the lockdown vivek tiwari chief operating officer coo of godamwale trading logistics which provides warehousing services and cold chain logistics said we have seen an average price rise on rentals between 2030 metro cities in hyderabad bengaluru and chennai and a 1015 increase in delhi ncr and mumbai this is primarily driven by a spike in demand by 20 in bookings under the consumer segment business driven by ecommerce companies unlike the industrial segment comprising manufacturing companies which has seen a negative growth advt in chennai the rental cost of storage space has increased from rs 20 per sq feet to rs 25 from rs 12rs 13 to rs 15 in bengaluru and hyderabad and from rs 13rs 15 to rs 17rs 18 per sq feet in delhi ncr and mumbai vinoth raja chief executive officer ceo of stockarea a warehousing startup said rental cost has gone up by 1015 as there is a supply demand gap in the last three months especially after demand for warehouse space located in the outskirts of cities shot up by 30 this is primarily due to ecommerce platforms entry into home delivery of essential items especially perishables rental prices are negotiable based on the volume and tenure of storage higher the volume and longer the commitment warehouse space can be availed at cheaper rates at present lease rental cost now ranges between rs 15 and rs 25 per square feet which has seen a 1015 spike since the lockdown is lifted warehouse service providers say requests to add more dock areas where goods are unloaded or stocked up from ecommerce companies have gone up this is primarily due to ecommerce platforms plan to add more vehicles with significant rise in online shopping since lockdown bookings have gone up by 2030 since june 2020 raja added advt global warehouse infrastructure company ers india said it has seen 1012 increase in rental price quoted for ecommerce companies under the consumer segment business abhijit malkani country head esr india said besides higher demand for grade a spaces from etailers we see adoption of automation and digitisation of facilities is also a key driver companies are ready to spend on infrastructure costs to increase efficiency and optimise their overall costs ers india is aggressively pursuing opportunities to add 57 locations in and around delhi mumbai chennai and bangalore to further increase its footprint in tier 1 markets in the next 1224 months by mamtha asokan tnn published on oct 15 2020 at 0830 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click