Logistics real estate platform ESR has leased nine lakh sq ft of warehousing space to Amazon India at the e-tailer’s upcoming 74 acre facility at Sohna in Gurugram, Haryana.
In January 2020, ESR had acquired 76.84 acre to build a logistics park with 2.5 million sq ft of warehousing space.
The facility will be ready by early 2021 and most of the pre-leasing has been done. ESR is also in talks with other e-commerce players to lease the remaining space.
Warehouses in the National Capital Region (NCR) have witnessed 13.9 percent vacancy levels, compared to other markets such as Bengaluru and Pune which have vacancy levels of 29.7 percent and 21.8 percent respectively.
Amazon’s vast and advanced infrastructure of nine fulfilment centres, with a storage capacity of 5.5 million cu ft in the NCR region, helps offer a convenient and safe shopping experience to customers in the region and across the country.