LODHA LOGISTICS PARK, KURLA: THE FUTURE OF URBAN WAREHOUSING & LOGISTICS
In today’s era of globalisation, e-commerce, and quick-commerce, Grade-A warehouses and logistics parks have emerged as the need of the hour. According to a report by Grant Thorton, the logistics sector is currently growing at the rate of 10-12% Y-o-Y, contributing around 14.4% to the country’s GDP and employing more than 20 million people. On similar lines, experts also project that the warehousing, industrial, and logistics sectors are likely to play an instrumental role in helping Indian become a US$ 5 trillion economy by FY25.
Additionally, top-tier warehousing and logistics facilities can also help businesses improve consumer satisfaction and the efficacy of their operations, giving a boost to the bottom line and future prospects. However, to leverage everything a modern warehouse offers, it is important to choose the right location. Lodha Logistics Park (LLP) is strategically located in Kurla. This area allows businesses to access a dense population of consumers in a city like Mumbai and leverage the metropolis’ infrastructure to extend their reach across India and beyond.
Kurla The Future of Warehousing for a Range of Industries
In 2023, the Mumbai Metropolitan Region saw an absorption of 6.6 million sq. ft. in terms of industrial and warehousing space, with a growth rate of 4.8% in 2022. While the 3PL sector took up the lion’s share of the absorption at 39%, retail and manufacturing followed behind at 39% and 6%, respectively. LLP Kurla is more than just a run-of-the-mill warehouse. It features modern amenities plug-and-play features, and can also serve as an in-city distribution centre. Here’s why its location, in Kurla, is a key distribution solution in Mumbai and all the different industries the area can help enhance:
E-commerce, Quick-commerce, and Last-Mile Delivery
In a post-pandemic world, e-commerce, or buying goods over the internet, has become the norm for a larger customer base than before. While e-commerce allows buyers to shop from the comfort of their homes and pay online, its subset, quick commerce, promises even more rapid delivery times. Both types of businesses rely heavily on last-mile logistics that focus on the final leg of the delivery process and are also usually a drain economically. While it is expected that e-commerce companies could triple over the next three years to Rs 504 billion, the quick commerce sector is also expected to grow 75% YoY in 2025.
A location like Kurla allows e-commerce and quick commerce businesses to leverage its location to streamline last-mile delivery. Kurla is in the middle of Mumbai and is connected to the rest of the city via multiple modes of transport, including a robust road network, local trains, the metro, and more. With infrastructure connecting different areas of the city, Kurla allows businesses to deliver goods to customers across Mumbai and achieve quick delivery times to reduce costs and improve customer satisfaction.
Retail and FMCG
India’s retail industry has been a long-standing contributor to the country’s economy, making up over 10% of the country’s GDP and providing 8% of employment. Similarly, India’s FMCG sector was valued at $167 billion as of 2023, and its total revenue is expected to grow at a CAGR of 27.9% from 2021 to 27. As the two sectors grow rapidly, businesses require adequate support to meet increased demand, including strategically located warehouses.
Kurla has emerged as a viable solution for the sectors and offers various benefits, including enough space to create efficient storage systems and proximity to consumer hubs across the densely populated metropolis. Surrounded by various modes of transport, warehouses in Kurla can allow businesses to deliver perishable items quickly and boost consumer satisfaction. As e-commerce and quick commerce have become part of the retail and FMCG sector, facilities in locations like Kurla can also help businesses create in-city warehouses in Mumbai to meet delivery time constraints.
Healthcare and Pharmaceuticals
After the COVID-19 pandemic, health and wellness have become a global concern. As a result, the healthcare and pharmaceutical industries have witnessed growth. In India, healthcare has become one of the largest sectors in terms of both revenue and employment. India’s pharmaceutical industry is also thriving and has been growing at a CAGR of 9.43% over the last nine years.
As the two sectors grow, businesses require facilities that allow them to meet evolving consumer needs. Today, healthcare and pharmaceutical businesses require warehouses with features like temperature-controlled environments. Kurla, located in the heart of Mumbai, receives a 24x7 electrical supply that allows businesses to integrate technology that can control the temperature of storage facilities. Similarly, Kurla is also located close to various modes of transport and allows businesses to promise time-sensitive logistics and deliver goods to consumers safely, quickly, and economically.
Electronics and Consumer Durables
While the electronics industry in India has been thriving, India plans to recover from disruptions caused by the pandemic and achieve electronics manufacturing worth US$ 300 billion by 2026, according to a report by the Ministry of Electronics and IT. As the sector flourishes across India and internationally, it is important for businesses to choose warehousing facilities in locations that are secure, equipped with stringent protocol, and provide enough room for end-stage assembly. Kurla is an area that ticks all these boxes and also provides access to a rich pool of personnel trained to handle electronics and other high-value goods. Since Kurla is well-connected to the rest of Mumbai, businesses can deliver high-value goods to consumers without worrying about safety or the time taken to reach doorsteps.
Third-Party Logistics (3PL)
In tandem with quick commerce and e-commerce, India’s third-party logistics service providers are also players to look out for. According to data, the third-party logistics market in India is poised to grow by $10.74 billion during 2021-2025 at a CAGR of almost 8%. In India, 3PL players cater to the needs of various businesses across segments and sectors. As a result, 3PL companies need warehousing space that can be customised to meet a specific client’s needs. Grade-A warehouses in Kurla, like LLP Kurla, are designed to do just that and more, offering plug-and-play features, avenues for technological integration, and access to water and electrical supplies. Additionally, Kurla is close to Mumbai’s local trains, metro services, robust roadways, and infrastructure, which makes delivering goods and streamlining last-mile logistics a breeze. As a location, Kurla is more than suitable for 3PL players looking to offer their clients quick delivery service and reduced costs.
Cold Storage
Although the sector has been plagued by its fair share of challenges, over the last few years, India’s cold storage industry is making steady progress at a CAGR of about 25.8%. The sector doesn’t operate in a vacuum and bolsters other industries like pharmaceuticals, healthcare, FMCG, and more. Cold storage facilities require a steady stream of electrical supply and infrastructure that allows businesses to deliver products quickly without temperature fluctuations leading to damage. Kurla, in the heart of Mumbai, receives 24x7 electricity and is located close to different modes of transport, allowing businesses to deliver temperature-sensitive items quickly and safely.
Aviation & Quick support services
As globalisation has become the norm, the aviation industry has become more integral to businesses than ever before. From importing raw materials to shipping our finished goods, air cargo freights allow businesses to expand their reach beyond Indian soil. Similarly, quick support services that promise speedy redressals also require access to the consumer base. Kurla is located close to Mumbai’s Chhatrapati Shivaji Maharaj International Airport and the new Navi Mumbai International Airport. The two airports and various nearby modes of transport make Kurla the perfect warehousing location for companies in the aviation and quick services sector. Kurla allows companies within the sector to expand their reach internationally while accessing a large consumer base in and around Mumbai.
Overall, Kurla is quickly emerging as a go-to location for businesses looking for Grade-A warehousing facilities in the heart of a bustling metropolis. LLP Kurla is one such top-of-the-line warehousing and logistics facility that can help businesses streamline their operations, smoothen their supply chain and logistics, and expand their reach. Cutting across segments, Kurla has the potential to become the preferred urban warehousing location distribution centre, and the key to transforming Mumbai into a logistical hub.
Lodha, India’s leading real estate developer, is revolutionising urban warehousing and in-city distribution with state-of-the-art solutions tailored to modern logistics needs. With our state-of-the-art in-city distribution centres like LLP Kurla, Lodha addresses the growing demand for last-mile logistics and quick delivery services. Strategically located to serve businesses across Mumbai, LLP Kurla offers unparalleled connectivity for logistics service providers, food delivery companies, and third-party logistics service providers. Designed to optimise operations for in-city warehouse solutions in Mumbai, Lodha’s facilities ensure faster distribution solutions in Mumbai with seamless access compared to an in-city warehouse in Chembur, an in-city warehouse in Thane, and other key locations. Whether you’re seeking an in-city distribution centre or a warehouse in Chembur, Lodha’s urban warehousing solutions are built to meet the demands of a fast-paced, consumer-driven market.