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July 2014
Manufacturing Destinations of India:
A Real Estate Overview
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Foreword In this white paper, we illustrate the trends
in the growth of the manufacturing sector in
India. We then proceed to recommend growth
opportunities for manufacturing occupiers in
the coming years. The sectors considered for the
study include pharmaceuticals/biotechnology,
automobiles, heavy engineering, fast-moving
consumer goods (FMCG), electronics and
communications & aviation. These sectors
have been chosen as major manufacturing
areas because of their contribution to the
manufacturing sector in India.
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Overview of the Manufacturing Sector in India
Evolution and Growth of the Sector
India was hardly an industrialised country at the time of gaining
independence, and the rst step India took was to recognise the
manufacturing sector as a very important instrument for the country’s
economic growth. In every ve-year plan, the country continued to
grow the manufacturing sector whilst encouraging and incentivising
the private sector in the mid-cap and small-cap realms. Progressively,
India strengthened its manufacturing sector further under a mixed
economy from 1947 to 1991, and under a liberalised economy since
then.
India’s manufacturing exporters have played a key role in
promoting the sector’s prowess to consumers across the world.
Manufacturing exports have always been a major contributor to
India’s total merchandise exports. The main export markets for Indian
manufacturing goods are the United States and Western Europe.
Within Western Europe, Germany and the United Kingdom are two
most important export markets.
Prominent Manufacturing Clusters
Manufacturing clusters have developed along major infrastructure corridors.
These are specic areas developed for inter-regional industrial growth,
including the development of manufacturing areas and clusters along the
corridor. These corridors provide infrastructure such as roads, power and
other utility services to facilitate the growth of manufacturing industries
and regional economic development. Industrial development in India is
scattered and can be divided into four zones—north, south, east and west.
The chart below shows the major industrial states and cities in each zone.
India’s ManufacturingFootprint
DELHI/ NCR
AHMEDABAD
PUNE
HYDERABAD
BANGALORE
CHENNAI
MUMBAI
KOLKATA
• Automobiles• Fast Moving Consumer Goods (FMCG)• Heavy Industries
• Automobiles
• Fast Moving Consumer Goods (FMCG)• Heavy Industries
• Automobiles• Fast Moving Consumer Goods (FMCG)
• Heavy Industries
• Automobiles• Fast Moving Consumer Goods (FMCG)
• Heavy Industries
• Life Sciences (Pharma and Bio-technology)• Automobiles
• Fast Moving Consumer Goods (FMCG
• Life Sciences (Pharma and Bio-technology)• Automobiles
• Electronics and Communication• Aerospace
• Life Sciences (Pharma and Bio-technology)
• Life Sciences (Pharma and Bio-technology)
MANUFACTURING ZONES IN INDIA
West Zone
Mumbai, Pune, Bhiwadi, Jaipur,
Ahmedabad, Vadodara and Panaji
North Zone
Delhi (NCR)/Gurgaon, Kanpur,
Lucknow, Chandigarh and Indore
East Zone
Kolkata, Guwahati, Patna and
Jamshedpur
South Zone
Hyderabad, Visakhapatnam,
Bangalore, Chennai and Coimbatore
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LIFE SCIENCES (Pharmaceuticals and Biotechnology)
Biocon | Dr Reddy’s Laboratories | Cipla
Sun Pharmaceutical | Cadila Healthcare
The United Nations Industrial DevelopmentOrganization (UNIDO) recognises India as one
of the top-ranking countries among developing
countries in terms of the production and
distribution of pharmaceuticals.
According to the Department of Pharmaceuticals,
the pharmaceutical industry in India is the world’s
3rd largest in terms of volume and 14th in terms
of value.
According to a recent report by Ernst & Young
(E&Y), the biotechnology sector in India isexpected to achieve revenue of USD 11.6 billion
by 2017, growing at a compound annual growth
rate (CAGR) of 22%.
ELECTRONICS ANDTELECOMMUNICATIONS
Philips | Sony | Havells
LG | Samsung
According to the Department of Electronics and
Information Technology, the current size of the
electronic manufacturing industry is USD 70 billion
and is aimed for USD400 billion by 2020, which
means the industry must increase by more than
ve times over the next seven years.
AUTOMOBILES
Ford | Ashok Leyland | Renault Nissan
Maruti Udyog | Tata Motors
The production of passenger vehicles in India
was recorded at 3.23 million in 2012–2013 and
is expected to grow at a CAGR of 13% during
2012–2021, according to data published by the
Automotive Component Manufacturers Association
(ACMA) of India.
K e y
F a c t s a b o u t M a j o r M
a n u f a c t u
r i n g I n d u
s t r i e s
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AEROSPACE
Hindustan Aeronautics Limited (HAL)
UTC Aerospace Systems | Tyco Electronics
Dynamatic Technologies | StarragHeckert
India is fast becoming a major global aerospace
consumer market, aided by a combination of
increasing defence spending, booming commercial
aviation market and rising technological
and manufacturing capabilities among local
companies.
According to the Investment Commission of India
(ICI), investment opportunities of USD 110 billion
are envisaged up to 2020, with USD 80 billion in
new aircraft and USD 30 billion in the development
of airport infrastructure.
HEAVY ENGINEERING
The engineering industry is the largest segment of
all industrial sectors in India, accounting for 3% of
India’s GDP and offering employment to more than
4 million skilled and semiskilled workers.
The Department of Heavy Industry (DHI), as its
vision for 2020, plans that the Indian machine tools
industry should secure a domestic market share of
67% by 2020.
Joseph Cyril Bamford (JCB) | Sany | Alfa Laval |
Bharat Heavy Electricals Limited (BHEL) |
LeeBoy
FMCGFast Moving Consumer Goods
P&G | Indian Tobacco Company (ITC) | PepsiCo
Coca-Cola | Amway
The FMCG sector in India is the fourth largest
sector in the economy. It is also called the
consumer packaged goods sector. According to
the Confederation of Indian Industry (CII), the
FMCG sector in India had a market size in excess
of USD 13.1 billion as of 2012.
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NH- 228
NH- 8
NH- 228
NH- 8A
NH- 8A
NH- 8
NH- 947
NH- 947
NH- 59
NH- 8
NH- 8C
NH- 8
SH- 2
SH- 71
Nandasan
Indrad
Nani
Kadi PartLunasan
Pansar
Vadu
Chhatral
Bhalthi
Vamaj
Moti Bhoyan
AmbikaNagar
Karan Nagar
Ambavpura
Unali
Santej
Dantali
Chharodi
Kaneti
Visalpur
SarkhejGam
Morasar
Kalikund
Chandisar
Kerala
JuvalRupavati
Rampur
Sahij
Ambareli
Koth
Gundi
Gada
Trambovad
Deva
VasoHeranj
Ramol
SandhanaMatar
Khadiyarapura
Radhu
Navagam
Kanij
Modaj
Mahemdavad
Jetalpur
Barejadi
GIDC VatwaSingarva
Vejalpur
BodakdevNikol
Vastral Amraiwadi
RakhialKujad
Badodara
Saijpur Bogha
SabarmatiGota
Sughad
Valad
Dabhoda
Juna KobaKhodiyar
Infocity
Urjanagar 1
Shantigram
Shiholi Moti
Sonipur
Balva
Lekawada
Dhamasana
Sector 26
Shertha
Nardipur
Aluva
KADI
BOPAL
SANAND
CHANGODAR
BAVLA
BAGODRA
ASLALI
DHOLKA
VATAMAN
KHEDA
BAREJA
BAPUNAGAR
ODHAV
NAROLGAM
NARODA
GANDHINAGAR
KALOL
THALTEJNARANPURA
CHANDKHEDA
Y
W H D A B
A D
E M
H A -
A K L
O H D
V A M A
J R D
M A N S A
- K A L O
L R D
K A D I - N
A N D A S A N
R D
A H M E D A B A D - V A D O D A R A E X P Y
D H O L K A
- K H E D
A H W Y
B A G O D A R
A - V A T A M A N
R D
B AGOD AR A-DHOLK A
RD
Hotel The Westend
Ginger HotelsComfort Inn
President
Evergreen Hotel
Civil Hospital
VadilalSarabhai Hospital
Narayana Hrudalaya
Fire Station
Fire Station
Fire Station
Fire Station
Fire Station
Electric SubStation
Vatrak River
Chandola
Lake
Kankaria
Lake
S a b i v a Rr i e m a t
r
Thol BirdSanctuary
IndrodaNature Park
CHANGODAR
INDUSTRIAL AREA
SANAND
INDUSTRIAL
AREA
ASLALIINDUSTRIAL AREA
VATVA
INDUSTRIAL AREA
NARODA
INDUSTRIAL AREA
KADI
INDUSTRIAL AREA
KALOLINDUSTRIAL AREA
KHEDA
INDUSTRIAL AREA
BAGODRA
INDUSTRIAL AREA
BAVLA
INDUSTRIAL AREA
SARDAR VALLABHBHAI PATEL INTL. AIRPORT
A B C D
A B C D
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8
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7
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AHMEDABAD
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Ahmedabad
Population
6.3 million
Density
12,000/sq km
City Rank
Seventh
Ahmedabad has been the major hub for the pharmaceutical industry
in India for a long time with the presence of large players such as
Zydus, Intas and Claris. However, after the inauguration of the Tata
Motors plant for the manufacturing of the ‘Nano’ in 2010, it emerged
as a major manufacturing destination in the automobile, engineering
and FMCG sectors as well. Some of the major players that have
forayed in the market since then include Ford Motors, Bosch, Hitachi
Hi-rail, Colgate Palmolive and Gardner Denver, to name a few.
Excellent infrastructure, including the availability of natural gas,
reliable power and excellent road connectivity, has been the major
advantage for Ahmedabad as a manufacturing destination.
Several manufacturing companies such as the Adani Group, Reliance
Industries, the Nirma Group of Industries, Arvind Mills, Claris
Lifesciences, Cadila Pharmaceuticals, Shell, Vadilal Industries, Rasna,
Bosch Rexroth, Stork and Rollepaal, are present in Ahmedabad.
Ahmedabad has well-developed infrastructure, which is conducive
to the growth of manufacturing industries. The submarkets are well
connected by road, rail and air transport system with the rest of the
country and other parts of the state.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Tata Motors Automobiles 1,250 Sanand
Ford Motors Automobiles 450 Sanand
Gardner Denver Engineering 4.8 Changodar
Inbisco FMCG 21 Sanand
ALSTOM BharatForge
Engineering 60 Sanand
Teva Pharma 50 Sanand
Nestle FMCG 80 Sanand
Colgate Palmolive FMCG 25 Sanand
Oerliekon Engineering 25 Sanand
Source: Research and REIS, JLL
Temperature
Max 32.3 °CMin 27.4 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
State Highway 17(SH 17) (Sanand–
Viramgam Highway)
Automobiles
EngineeringSanand GIDC 200–550 18–30
NH 8A(Ahmedabad–Rajkot
Highway)
Pharmaceuticals Biotechnology Changodar–Bagodra 350–700 18–28
NH 8 (Ahmedabad–Vadodara Highway) FMCG Aslali–Kheda 300–550 10–15
SH 41(Mehsana Road)
EngineeringMetal Mehsana 350–700 14–22
Source: Research and REIS, JLLStrong/marginal decline Stable Marginal/strong increase
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NH- 48
NH- 44
NH- 44
NH- 205
NH- 205
NH- 205
NH- 18
NH- 18
NH- 219
NH- 234
NH- 234
NH- 219
NH- 66
NH- 68
NH- 209
NH- 209
NH- 209
NH- 212
NH- 4
NH- 234
NH- 206
NH- 4
NH- 7
SH- 85
SH- 17
SH- 17
SH- 82
SH- 96
SH- 5
SH- 96
SH- 87
SH- 9
Huliyar
Chiknayakanhlli
Sira
Kadirihalli
Rolla
Pavagada
Madakasira
Thumakunta
Turuvekere
Channarayapattana
Krishnarajpet Melukote
Nagamangala
Chakkuru
SrirangapatnaMalavalli
Kollegal
Mangala
Billgundala
Denkanikottai
Marandahalli
Neraluru
Kanakapura
Kambainallur
Palacode
Male Mahadeshwarabetta
Kongadai Jalakandapuram
Mecheri
Hanur
Hura
Kelamangalam
Koppa Anekal
Kuppam
Kolar
Belatur
HSRLayout
Magadi
Vidyaranyapura
Belluru Yadiyur
Koratagere
Dhiburahalli
Gownipalli
Sidlaghatta
Kempegowda
Srinivaspur
Gauribidanur
Bagepalli
Amadagur
Puttaparthi
Galiveedu
Nallacheruvu
Lakkireddipalli
Gurram Konda
Chinnamandem
Palamaner
Ambur
Alangayam
Uthangarai
Yercaud
Pappireddipatti
Vazhapadi
TUMKUR
MADHUGIRI
DABASPETETIPTUR
MYSORE
NANJANGUD
GUNDLUPET
CHAMARAJANAGARA
MANDYA
KRISHNAGIRI
DHARMAPURI
HARUR
METTUR
SALEM
RAMANAGARA
TIRUPATTUR
VANIYAMBADI
ELECTRONICS CITY
HOSUR
KUNIGAL
KOLAR GOLD FIELDS
MULBAGAL
DODDABALLAPUR
CHIKKABALLAPUR
HIRIYUR
PENUKONDA
HINDUPUR
RAYACHOTI
KADIRI
MADANAPALLE
KURABALA KOTA
CHINTAMANIPUNGANUR
M Y S O
R E R O
A D H O S U R R O A D
T U M K U R
R O A D
Ginger Hotel
Lalitha MahalPalace Hotel
GoldenLandmark
Jayamahal Palace Hotel
The LeelaPalace
Koshy's Hospital
Sagar Hospital
JSS Hospital
Vaidehi Hospital
KrishnarajaSagara Reservoir
Stanley Reservoir
Fire Station
Fire Station
Fire Station
Fire Station
Fire Station
Fire Station
Electric SubStation
Electric SubStation
Electric SubStation
Electric SubStation
PedduruReserve Forest
KalrayanHill Forest
Lower KalrayanHill Forest
KoundinyaWildlife
Sanctuary
VASANTHANARASAPURA
INDUSTRIAL AREA
DABASPETE
INDUSTRIAL AREA
DODDABALLAPUR
INDUSTRIAL AREA
HOSKOTE
INDUSTRIAL AREA
HAROHALLI
INDUSTRIAL
AREA
JIGANI
INDUSTRIAL
AREA
BIDADI
INDUSTRIAL
AREA
BOMMASANDRA
INDUSTRIAL AREA
ATTIBELE
INDUSTRIAL AREA
KUMBALGODU
INDUSTRIAL AREA
PEENYA
INDUSTRIAL AREA MALUR
INDUSTRIAL AREA
AERO SEZ
HARDWARE PARK
VEMAGAL
INDUSTRIAL AREA
NARSAPURA
INDUSTRIAL
AREA
BANGALORE INTL. AIRPORT
A B C D
A B C D
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2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
BANGALORE
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Bangalore
Population
8.4 million
Density
11,470/sq km
City Rank
Fifth
Temperature
Max 38.9 °CMin 10.6 °C
Bangalore, the state capital of Karnataka, is strategically located in
South India. After India’s independence, during 1950s to 1960s, major
public sector heavy industries such as BHEL, Bharat Earth Movers
Limited (BEML), Hindustan Machine Tools (HMT) and Indian Telephone
Industries (ITI), as well as knowledge-based production facilities such as
HAL started their operations in Bangalore.
During the 1980s–1990s period, Bangalore evolved as a favourite
destination for IT and IT-enabled services (ITeS).
The steady rise of Bangalore as a global manufacturing hub is supported
by the presence of leading education and research institutions; a large
number of large-scale and knowledge-based public sector industries and
small-scale industries; a highly procient English-speaking and relatively
economically large labour pool; and a stable and liberal socio-political
environment.
At present, the government is developing more industrial areas in andaround Bangalore to attract investments. In the recent past, Bangalore
emerged as a favourite destination for the automotive industry.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Volvo Automobiles 122 Old Madras Road
(OMR)LM WindPower
Engineering 40 Tumkur Road
Honda Automobiles 96 Narasapura
Scania Automobiles 35 Narasapura
Mahindra Aerospace
Aerospace 25 Narasapura
Biocon Pharmaceuticals 90 Bommasandra
ToyotaKirloskar
Automobiles 432 Bidadi
Bosch India Automobiles 97 Bidadi
Source: Research and REIS, JLL
MANUFACTURING CORRIDORS
ManufacturingCorridor
Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
Tumkur Road Pharmaceuticals/biotechnology Engineering
Peenya 1,600–2,100 25–30
Dabaspet 200–300 11–14
OMREngineering Automobiles
Pharmaceuticals Electrical and electronics
Hoskote 400–500 14–16Whiteeld 2,400–2,800 25–30
Narasapura 250–350 16–20
Hosur Road Pharmaceuticals/Biotechnology Engineering
Bommasandra–Jigani 900–1,000 18–24
Attibele 600–700 16–20
Mysore Road Automobiles and auto
componentsFMCG
Bidadi 250–350 18–22
Kumbalgodu 700–900 18–22
Bellary Road AerospaceElectronics and hardware
Aerospace SEZ,Hardware Park
400 N/A
Source: Research and REIS, JLLStrong/marginal decline Stable Marginal/strong increase
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NH- 205
NH- 205
NH- 45
NH- 4
SH- 121
SH- 5 SH- 116
SH- 58
SH- 118A
SH- 57
SH- 52
SH- 51
NH- 4
NH- 45
NH- 46
NH- 205
NH- 205
NH- 18A
NH- 5
Pallipattu
Pothatturpettai
Banavaram
Ammoor
Mangadu
Mazhayur
Mecheri
Vembi
Mambakkam
Sengadu
Peranamallur
Desur
Ammanambakkam Nethapakkam
Madurantakam
Periayakattupakkam
Kunnathur
Kolambakkam
Melapattu
Perunagar
Ukkal
Puthali
Mamandur
Maiyur
Walajabad
Thenneri
Vedekkal
Perumbulipakkam
Thakkolam
Nemili
Mappedu
Perambakkam
Kilpakkam
Poondi
Venmanambudur
Senneri Agaram
Nallattur
Nagalapuram
Narayanavanam
S.B.R.Puram
Chinnapandur
Sathyavedu
Sricity Ramapuram
Tada
Venadu
Sriharikota
Tiruchanur
Renigunta
Bandarupalli
Pulicat
Kavaraipettai
Ponneri
Minjur
Ennore
Tiruvottiyur
Madhavaram
Ambattur GeorgeTown
Mogappair
Porur
Guindy Adyar
Chromepet
Tambaram
Sholinganallur
Mambakkam
Thirukkazhukundram
Nemmeli
Sirudavoor
Kelambakkam
Karumbakkam
PUTTUR
SHOLINGHUR
ARCOT
CHENGALPATTU
KANCHIPURAM
CHEYYAR
VANDAVASIMEIYUR
SRIPERUMBUDUR
ARAKKONAM
THRIVALLUR
THIRUTHANI
NAGARI
GUMMIDIPOONDI
SULLURUPETA
SRIKALAHASTI
TIRUPATI
AVADI
VELACHERY
MARAIMALAINAGAR
T I R U P A T H I R D
S A T H Y A V E D U R D
C HI T TOO R R D
U T H I R AM E R U R R D
O M R
E A S T C O A S T R D
O M R
Poondi Lake
Pulicat Lake
BAY OF
BENGAL
Puzhal Lake
ChembarambakkamLake
Palar River
Kolavai Lake
MadurantakamLake
KaveripakkamLake
Sri VenkateswaraNational Park
Nagiri HillsReserve Forest
KambakkamReserve Forest
PalemForest
Ponnur
ReservedForest
Peria Puliyur Forest
VHS Hospital
Parvathy Hospital
Hindu Mission HospitalMeenakshi MedicalCollege Hospital& Research Institute
Fortis Malar Hospital
Sri RamchandraHospital
Radisson Blu Hotel
The Trident
Vivanta by Taj - Fisherman's Cove
ITC Grand Chola
Fire Station
Fire Station
Fire Station
ElectricSub Station
Electric SubStation
Electric SubStation
GUMMIDIPUNDI
INDUSTRIAL AREA
SRIPERUMBUDUR
INDUSTRIAL AREA
ORAGADAM
INDUSTRIAL AREA
MARAIMALAI NAGAR
INDUSTRIAL AREA
IRUNGATTUKOTTAI
INDUSTRIAL AREA
THERVOY KANDIGAL
INDUSTRIAL AREA
CHENNAIINTERNATIONAL
AIRPORT
A B C D
A B C D
1
2
3
4
5
6
7
8
1
2
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4
5
6
7
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Chennai
Population
8.6 million
Density
11,000/sq km
City Rank
Fourth
Chennai is the fourth most populous metropolitan area in India. The city’s
economy has a broad industrial base, spanning the automobile, computer,
technology, hardware manufacturing, nancial services and health-care
industries. Chennai is India‘s second largest exporter of software, IT and
ITeS. The city, accounting for 60% of the country‘s automotive exports, is
rightly coined ‘the Detroit of Asia’.
Chennai‘s economic development has been closely tied to its port and
transport infrastructure, which is considered as the best infrastructure in
India. The city is served by two major ports—Chennai Port and Ennore
Port. Chennai Port is India‘s second busiest container hub, handling
general industrial cargos and automobiles, among others. The Ennore Port
handles cargos—such as coal, ore and bulk—and break bulk cargos.
The major industrial locations of Sriperumbudur and Oragadam receive
investment from major MNCs, such as Renault Nissan, Daimler and
Yamaha.The availability of cheap government-subsidised land in and around
Chennai is limited, and the government is acquiring additional land to meet the growing demand. Leading private developers such as
Ascendas and Mahindra World City have also made investments to create manufacturing zones around Chennai.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Renault Nissan Automobiles 1000 Oragadam
Daimler Automobiles 400 Oragadam
Yamaha Automobiles 400 Oragadam
Ashok LeylandNissan
Automobiles Multiple Multiple
Royal Eneld Automobiles 50 Oragadam
Michelin Automobiles 300 Thervoy Kandigai
Philips Carbon Automobiles 80 Thervoy Kandigai
Amway FMCG 50 Nilakkottai
Source: Research and REIS, JLL
Temperature
Max 45 °CMin 32.8 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
Sriperumbudur(NH 4)
AutomobilesFMCG
Light engineeringElectronics and hardware
Irungattukottai 800–1,050 22–30
Sriperumbudur 450–550 20–26
Oragadam AutomobilesElectronics and hardware
Oragadam 350–550 20–25
Grand SouthernTrunk Road
(NH 45)
AutomobilesTextilesFMCG
Marai Malai Nagar 800–1,050 18–22
Grand NorthernTrunk Road
(NH 45)
AutomobilesFMCG
Heavy engineering
Thervoy Kandigai 100–300 18–22
Gummidipoondi 150–250 18–20
Source: Research and REIS, JLL
Strong/marginal decline Stable Marginal/strong increase
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NH- 58
SH- 12
NH- 58
NH- 119
NH- 58
NH- 91
NH- 91
NH- 235
NH- 235
NH- 91
NH- 2
NH- 2
NH- 24
NH- 71B
NH- 71B
NH- 8
NH- 8
NH- 71
NH- 71
NH- 10
NH- 10
NH- 10
NH- 1
NH- 1
NH- 1
NH- 71A
NH- 71A
NH- 71
SH- 14
SH- 14
SH- 82
SH- 82
SH- 78
SH- 57
SH- 13
SH- 13
SH- 44SH- 14
SH- 52
SH- 24
SH- 22
SH- 20
SH- 20
Rahra
Assandh
Dhatrath
Gharaunda
SushantCity
Huda
Urlana Kalan
SamalkhaNidani
Banwasa
Mundlana
Julana Ganaur
AshokNagar
Rithal
Gorar
KharkhodaMokhra
LakhanMajra
Bawana
SamplaKabulpur
Daola
Chandpur Dhanirwas
Kosli
Badli
PataudiKhuspura
Khaleta
Bilaspur
Guraora
Nuh
Bawal
Mandhan
Dehana
Tijara
Mundawar
Shahjahanpur
Pahari
Badkli
Punhana
Kosi Kalan
Hasanpur
Kalanjar
Jattari
Bajna
Jewar Palwal
Ballabhgarh
Birampur
Makanpur
GautamBuddha Nagar
Sohna
Badarpur
Vasant Kunj
Dwarka
Greater Noida
Chhapraula
Muradnagar
Shahdara
NarelaModinagar
Daulcha
Bamnauli
Kirthal
Shamli
Shahpur
CharthavalJhinjhana
Bakdoli
Chhapar
Khatauli
Daurala
Jahidpur
Kharkhauda
Pilkhuwa
Gulothi
Kaseru
Pisawa
Khair
Arni
Mahdaura
PANIPAT
ROHTAK
SONIPAT
GOHANA
SAFIDON
JIND
MUZAFFARNAGAR
MEERUT
KANDHLA
BUDHANA
SARDHANA
BAHADURGARH
JHAJJAR
MANESAR
GURGAON
GHAZIABAD
NEW DELHI
NOIDA
FARIDABAD
HAPUR
AURANGABAD
NEEMRANA
REWARI BHIWADIDHARUHERA
FIROZPUR
JHIRKA
HODAL
KHURJA
BULANDSHAHR
SIKANDRABAD
DADRI
BARAUT
JANSATH
DEOBANDKARNAL
Y A M U N A E X P Y
M A W
A N A B Y P A
S S
T A U R U R
D
H I S AR R D
G O H A N
A - R O H T A K R D
Hotel Trident
Crown Plaza
The Oberoi
G.B.Pant
IndraprasthaApollo
Army BaseHospital
Y a m u n
a R i v e r
Y a m u n a R
i v e r
Y a m u n
a R
i v e r
Fire Station
Fire Station
Fire Station
Electric SubStation
Electric Sub
Station
Electric SubStation
Electric SubStation
Electric SubStation
AsolaWild Life
Sanctuary
PANIPAT
INDUSTRIAL AREA
ROHTAK
INDUSTRIAL AREA
SONIPAT
INDUSTRIAL AREA
MEERUT
INDUSTRIAL AREA
BAHADURGARH
INDUSTRIAL AREA
GHAZIABAD
INDUSTRIAL AREA
MANESAR
INDUSTRIAL AREA
DHARUHERA
INDUSTRIAL AREA
BAWAL
INDUSTRIAL AREA
FARIDABAD
INDUSTRIAL AREA
NOIDA &
GREATER NOIDA
INDUSTRIAL AREA
SIKANDRABAD
INDUSTRIAL AREA
PALWAL
INDUSTRIAL AREA
NEEMRANA
INDUSTRIAL AREA
IGI INTERNATIONAL AIRPORT
A B C D
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DELHI NCR
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Delhi NCR
Population
16.3 million
Density
11,297/sq km
CityRank
Second
The manufacturing sector plays a vital role in the economic
development of the National Capital Region (NCR). The region has
a wide variety of industrial products, including high-value and high-
technology goods. The manufacturing submarkets of the NCR region
are regulated under the development norms of a few nodal authorities,
which include the Department of Industries, the Delhi Development
Authority (DDA), Delhi State Industrial Development Corporation
(DSIDC), Haryana Urban Development Authority (HUDA), Rajasthan
State Industrial Development and Investment Corporation (RIICO) and
Uttar Pradesh State Industrial Development Corporation (UPSIDC).
The development of the industrial clusters and their supporting
infrastructure is undertaken by these nodal authorities or by a few
cooperative societies.
Several manufacturing companies such as Maruti Suzuki, Ranbaxy
Laboratories, Escorts Group, Honda, GSK Consumer and Nestlé India are present in the NCR.NCR has been able to attract sizable investment from multinational companies, large business houses, foreign investors, nonresident Indians
and small-scale entrepreneurs. NCR is an investor-friendly region and offers a rich reservoir of skilled, motivated and relatively low-cost workers,
with good infrastructure and harmonious industrial relations.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Maruti Suzuki Automotive 600 Manesar
Ranbaxy Laboratories Pharmaceuticals 9.1 Gurgaon
Honda Automotive 52 Manesar
Escorts Group EngineeringConglomerate
250 Faridabad
Nestle India Limited FMCG 7 Samalkha, Haryana
GSK Consumer ConsumerHealth Care
140 Sonipat
Source: Research and REIS, JLL
Temperature
Max 31.4 °CMin 18.8 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
NH 1FMCGMetal
Food processingPanipat and Sonipat 450–1,150 14–20
NH 2 AutomobilesHeavy machineryMetal
Faridabad 1,100–4,500 20–40
Palwal 350–1,000 15–20
NH 8 AutomotiveTextiles
Manesar and Daruhera 900–1,800 17–30
Neemrana 700–1,400 16–24
NH 10 Food processingMetal
Bhadurgarh and Rohtak 700–1,850 17–25
NH 24Chemicals
Food processingFMCG
Ghaziabad 550–1,850 15–25
NH 58ChemicalsFood processing
FMCGMetal
Ghaziabad 550–1,850 15–25
Meerut 550–1,147 15–20
Source: Research and REIS, JLLStrong/marginal decline Stable Marginal/strong increase
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NH- 7
NH- 16
NH- 9
NH- 202
NH- 202
NH- 7
NH- 9
NH- 7
NH- 7
NH- 167
NH- 150
NH- 218
NH- 16
NH- 167
NH- 7
NH- 9
SH- 15
SH- 217
SH- 25
SH- 10
SH- 11
SH- 15
SH- 1
SH- 6
SH- 13
SH- 10
Deoni
Jamkhandi
Sirvar
Khanapur
Ullesugar
Gurmatkal
Chittapur
Navandgi
Malkhed
Kalgi
Chincholi
Chitaguppa
Chandankheri
Rajoli
Kanji
Sirkatnalli
Nittur
Hippalgaon
Aurad
Markhel
Deoulwadi
Jalkot
Mukhed
Kundalwadi
Sangam
Bichkunda
Wajrakhandi
Banswada
Nizampet
Alladurg
Nyalkal
Chandoor
Munipalli
Marpally
Shankarpalli
Dharur Vikarabad
Tandur
Pargi
Kosigi
Mohammadabad
Devarkadra
Patherched
Komreddypally
Sriramnagar
Shabad
Pentlavelli
Balmur
Nizamabad
Srisailamgudem
Kalwakurthy
Mudigonda
Amangal
Bijnapalli
Manchal
Shivannaguda
Shivampet
Ramasagar
Chegunta
Dubbak
Domakonda
Palwancha
Sircilla
Rudrangi Poodur
Vattimalla
Athmakur
Bheemgal
Sirikonda
Armoor Atmakur
Maddulapalli
Choppadandi
Jangapally
Singapuram
Koheda
Ghanpur
Jangaon
Aler
Atmakur(m)
Valigonda
Shapelly
Narketpalli
MarrigudaGhattuppal
Yacharam
NagarjunaSagar
Lakshmapur
Veldhurthy
Guttalachenupenta
Komarolu
Thirumalagiri
Marrigudem
Makrekal
Dharmaram
Tirumalagiri
Chennur
Gudur
Rahamatnagar
Kondapalakala
BIDAR
ZAHEERABAD
BHALKI
YADGIR
MAHBUBNAGAR
KUKATPALLY
SECUNDERABAD
SANGAREDDY DUNDIGAL
SIDDIPET
RAMAYAMPET
MUSTABAD
YELLAREDDY
UDGIR
AHMADPUR
DEGLOOR
HUSNABAD
NARAYANPET
DEVARSUGUR
RAICHURGADWAL
WANPARTI
RAYAVARAM
BHUVANAGIRI
RAJAPET
GENOME VALLEY
VEMULAWADA
JAGTIAL
KORUTLA
NIZAMABAD
YACHARAM
KAMAREDDY
VARNI
BODHAN
FAROOQNAGAR
KOLUKONDA
KOLUKONDA
KARIMNAGAR
KAMALAPUR
WADDEPALLE
NALGONDA
MACHERLA
SRISAILAM
ZAHEERABAD
INDUSTRIAL AREA
ISNAPUR
INDUSTRIAL AREA
PATANCHERU
INDUSTRIAL AREA
PASHAMYLARAM
INDUSTRIAL AREA
KALLAKAL
INDUSTRIAL AREA
MEDCHAL
INDUSTRIAL AREA
KONPALLY
INDUSTRIAL AREA
CHERLAPALLY
INDUSTRIAL AREA
KOTHUR
INDUSTRIAL AREA
SHAMSHABAD
INDUSTRIAL AREA
ADIBATLA
INDUSTRIAL AREA
AUTONAGAR
INDUSTRIAL AREA
HAYATHNAGARINDUSTRIAL AREA
SINGHINAGAR
INDUSTRIAL AREA
JEDCHERLA
INDUSTRIAL AREA
Srisailam Dam
JuralaReservoir
NagarjunaSagar
KrishnaRiver
Dindi River
Srisailam DamReservoir
KrishnaRiver
B h i m a R i v e r
KaranjaReservoir
Singur DamReservoir
Nizamsagar Lake
OsmanSagar
Himayat Sagar Lake
Nandi Kot Kur Reserve Forest
K U N C H A R A M
R D
M U M B A I H W Y
N A R A Y A
N K H E D R D
P A R G I R
D
Taj Krishna Hotel
Novotel
Hotel Minerva Grand
Kamineni Hospital
Prime HospitalFire Station
Fire Station
FireStation
ElectricSub Station
ElectricSub Station
RAJIV GANDHIINTERNATIONAL AIRPORT
A B C D
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7
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HYDERABAD
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Hyderabad
Population
7.7 million
Density
18,480/sq km
City Rank
Sixth
Hyderabad is a diversied economic zone with varied industries,
including life sciences, FMCG and automobiles. During the
1950s–1960s period, most of the Indian premier public enterprises
were established in Hyderabad, giving an edge to the traditional
manufacturing and bringing in technological advancements.
The Andhra Pradesh Government, through its New Industrial Policy,
aptly titled ‘Industrial Investment Promotion Policy (IIPP) 2010–2015’,
places major emphasis on the creation of quality infrastructure;
promotion of manufacturing investment zones and industrial corridors;
and special focus on micro-sized, small-sized and medium-sized
enterprises (MSMEs).
The city has greatly benetted from setting up world-class
infrastructure providing connectivity to the areas nearby, promoting
industrial corridors along the national highways connecting to Nagpur,
Bangalore, Mumbai and Vijayawada.The new policy is a good sign for Hyderabad, as more industries
would provide a perfect balance to the IT boom in Hyderabad, where IT is still the dominant industry. Manufacturing would greatly strengthen and
take advantage of the world-class infrastructure developed by the government and would provide employment and opportunities to a larger base
of the economy.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Tata Advanced
Systems
Aerospace 50 Adibatla
P&G FMCG 170 Kothur
AugustaWestland Aerospace 10 Shamshabad
Mahindra andMahindra
Automobiles 100 Zaheerabad
Alexandria BiotechPark
Biotechnology 300 Shamirpet
ICICI KnowledgePark
Biotechnology 200 Shamirpet
Piramal Healthcare Pharmaceuticals 10 Medak
Source: Research and REIS, JLL
Temperature
Max 32.0 °CMin 20.2 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
Nagpur Highway,Karimnagar Highway Pharmaceuticals/biotechnology Medchal, Genome Valley,Kallakal, Kompally 350–450 10–16
Mumbai Highway AutomobilesFood processing
Patancheru,Pashamylaram, Isnapur,
Zaheerabad370–550 9–15
Bangalore Highway,Shamshabad
FMCGPharmaceuticals
Aerospace
Shamshabad Airport, Adibatla, Kothur,
Thimmapur, Jadcherla,Srisailam Highway
200–750 10–17
Vijayawada Highway AutomobilesTextiles
Autonagar, Sanghi Nagar,Hayathnagar, Cherlapally
250–500 12–18
Source: Research and REIS, JLL
Strong/marginal decline Stable Marginal/strong increase
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HowrahR.S.
SealdahR.S.
NH- 2
SH- 2
NH- 2
NH- 117
NH- 117
NH- 6
NH- 34
SH- 15
SH- 1
SH- 6
SH- 2
SH- 13
SH- 1
SH- 15
SH- 15
Srikrishnapur
Shrirampur
KumrulHansnan
Nabagram Keshabpur
Bhandarhati
Tarkeshwar Harishpur
Beraberi
Haripal
Parbbatipur
Bhimpur
Daluigacha
Sheakhala Atpur
Jangipara
Masat
Gopinathpur
Begampur
Shankarhati
Kashtasangara
Dhulagori
Amta
Andul
Nangi
Alpur
Panchla
HatgachhaRaipur
Balarampota
Joarkole
Falta
Fatepur
Amarpur
Bishnupur
Julpia
Dhamua
Sahebpur Raghabpur
Subuddhipur
Naktala
Dhakuria
Kalighat
Bhagabanpur
RajarhatNewtown
MadhyamgramDankuni
Mirpur
Rishra
Noapara
Titagarh
Panihati
Baidyabati
Ichapur
Champdani
Sankarpur
Dharampur
Bandel
Bansberia
Gayeshpur
Raghunathpur
KANCHRAPARA
KALYANI
HOOGHLY-CHINSURAH
BHATPARA
CHANDANNAGAR
SINGUR
BARRACKPORE
KHARDAHA BARASAT
UTTARPARA
KOTRUNGNORTH
DUMDUM
JAGATBALLAVPUR
KOLKATA
SOUTH
DUMDUMNEW TOWN
RAJARHAT
GOPALPUR
DUM DUM
BALLYGUNGE
BUDGE
BUDGE
ULUBERIA
UDAINARAYANPUR
BAGNAN
HOWRAH
LILUAH
BARUIPUR
RAJPUR
SONARPUR
JOKA
SHYAMPUR
BEHALA
SANKRAIL
SALF
LAKE CITY
GARIA
MAHESHTALA
DOMJUR
DHANIAKHALI
NATIONAL HIGHWAY-2
INDUSTRIAL AREA
DANKUNI
INDUSTRIAL AREA
KALYANI
INDUSTRIAL AREA
KALYANI
EXPRESSWAY
INDUSTRIAL AREA
ALAMPUR
INDUSTRIAL AREA
DHULAGARI
INDUSTRIAL AREA
NATIONAL HIGHWAY 6
INDUSTRIAL AREA
ULUBERIA
INDUSTRIAL AREA JOKA
INDUSTRIAL AREA
DIAMOND
HARBOUR ROAD
INDUSTRIAL AREA
Hooghly River
Hooghly River
Acharya JagadishChandra Bose Indian
Botanic Garden
G R A N D T R U N K R D
D U R G A P U R E X P Y
K O N A E X
P Y AN D U L R D
K A L Y A N I E
X P Y
K A L Y
A N I E
X P Y
The FloatelHotel
The Oberoi Grand
Kenilworth HotelITC Sonar
Hyatt Regency
SSKMHospital
Nilratan Sarkar MedicalCollege and Hospital
B.M. Birla HeartResearch Centre
Fire Station
Fire Station
Fire Station
ElectricSub Station
ElectricSub Station
Electric
Sub Station
ElectricSub Station
NETAJI SUBHASHCHANDRA BOSEINTERNATIONAL AIRPORT
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Kolkata
Population
14.1 million
Density
24,000/sq km
City Rank
Third
Kolkata, including its metropolitan area, is the third most populous
city in India and the main commercial and nancial hub of the
eastern and north-eastern part of the country. Developments such
as the huge leather complex that has been set up at Bantala and
the export-processing zone that has been built in Falta, have paved
the way toward the city being an industrial hub. In addition, industrial
estates in Kalyani, Taratala, Dankuni, Kasba and Howrah, with
specialised sectors such as the country‘s rst toy park and a gem
and jewellery park, are spread throughout the metropolitan area.
Kolkata‘s economic development has a close relationship to its port
and transport infrastructure. There are two distinct dock system—a
river port at Kolkata with 28 berths and a deep water port at Haldia
with 12 berths. Kolkata port handles containers and industrial cargo
while Haldia Port handles bulk cargos such as coal, ore and oil.
The proposed draft of an industrial development policy aims toleverage the core competence and the state’s rich mineral base for
the promotion of manufacturing such as engineering, chemicals,
petrochemicals and its downstream industries, along with the
introduction of the latest technology and foreign direct investment
(FDI). Sunrise and high-tech industries will be promoted through
policy and business process reform to create ease in doing business
by the creation of a single window system for industrial start-ups. By
doing this, the government will take a giant step toward growth.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Cadbury, PepsiCo, Rollick,
and others. (SudharasFood Park) Food processing 100 Dhulagari
Elkos, Seiko, amongothers. (Poly Park)
Poly processing 60 Dhulagari
Jute Mills (Reliance, Auckland, Alliance,
Weaverly, among others)Jute industries 400 Multiple
Coca Cola Food processing 20 Dankuni
Himadri Chemicals Chemicals 40 Multiple
Jayashree Textiles (AdityaBirla)
Cotton 30 Rishra
Britannia Industries FMCG 10 Taratala
Century Ply Plywood 35 Multiple
Eveready Battery plant 12 Multiple
Keshoram Industries Cotton 20 Khidirpur
Source: Research and REIS, JLL
Temperature
Max 31.7 °CMin 22.2 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
NH 6
FMCGWarehousing
Polythene Ferro-alloys
Dhulagari and Alampur 350–500 14–18
Uluberia 150–200 10–14
NH 2 FMCGFerro-alloys
Dankuni 250–300 13–17
Diamond Harbour RoadPolythene
ManufacturingFMCG
Joka 1,400–1,900 20–25
Sirakol 200–250 8-–20
Kalyani Expressway ChemicalsLight engineering
Kalyani 200–300 8-12
Source: Research and REIS, JLLStrong/marginal decline Stable Marginal/strong increase
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NH- 8
SH- 54
NH- 8
NH- 8
NH- 3
NH- 3
NH- 3
NH- 222
NH- 17
NH- 17
NH- 4B
NH- 4B
NH- 4
SH- 54
Bhinar
Chandansar
Vatar Dhaniv
Sai Nagar
Vasai West
Poman
Sai Nagar
VarsavaDongri
Uttan
Gorai
ThaneWest
DahisarEast
Borivali
KandivaliWest
KandivaliEast
MulundWest
Kalwa
Dighe
Mumbra
Airoli
Ghansoli
Kopar Khairane
Bhandup
West
Goregaon
East
AndheriEast
Malad West
Versova
Juhu
Sakinaka
Vashi
Sanpada
Dadar
Chembur
WorliParel
Byculla
Kalbadevi
Fort
Colaba
Mahim
Bandra West
GharapuriVillage
Seawoods
Jasai
JawaharlalNehru Port
Trust Township
JNPT
Uran
Karanja
Revas
Koproli
Chowk
Chinchavan
Shedung
Ulwe
Koproli
Kalamboli
Panvel
Taloje
Kolegaon
Sonar pada
MukundNagar
Titwala
Ambivli
Gokul Nagar
Padgha
Khadawali
Angaon
Akaloli
Umbar PadaNandade VIRAR
NALA SOPARA
VASAI
NAVGHAR
BHIWANDI
MIRA
BHAYANDAR
DOMBIVLI
MUMBAI
NAVI
MUMBAI
RASAYANI
AMBARNATH
BADLAPUR
ULHASNAGAR
KALYAN
V A J R E S H W A R I R D
J N P T R D
J N P T R D
U R A N
R D
M U M B A I - P
U N E E X P Y
The Taj Mahal
Manama Hotel
Trident
Hotel Marine Plaza
Grand Hyatt
Tata Memorial Hospital
INHS Ashwini Hospital
Sir JJ Group of Hospitals
VaitarnaRiver
Thane Creek
Back Bay
Morbe Dam
Panvel Creek
Tulsi Lake
Vihar Lake
Powai Lake
Ulhas River
Ulhas Ri ver
Ulhas Ri ver
Fire Station
Fire Station
Fire Station
Fire Station
Electric SubStation
Electric SubStation
Electric SubStation
Electric SubStation
Electric SubStation
Karnala BirdSanctuary
Sanjay GandhiNational Park
THANE
INDUSTRIAL AREA
TTC
MIDC
PATALGANGA
MIDC
MAROL
INDUSTRIAL AREA
WAGLE
INDUSTRIAL AREA
TALOJE
INDUSTRIAL
AREA MIDC
PANVEL
WAREHOUSING
AREA
JNPT
WAREHOUSING
AREA
BHIWANDI
WAREHOUSING
AREA
CHHATRAPATI SHIVAJI INTERNATIONAL AIRPORT
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Mumbai
Population
18.4 million
Density
22,937/sq km
City Rank
First
The manufacturing activity in Mumbai region is now primarily
concentrated in the MIDC areas of Thane, the Thane-Belapur belt
[Kalwa, Airoli and Trans-Thane Creek (TTC)], Taloja, Patalganga and
Ambernath, and the non-MIDC areas of Patalganga, Khopoli and
Pen, among others. Most of these areas are the rst MIDCs that were
developed in the early 1960s to promote chemical, engineering and
other auxiliary industrial units.
The Thane-Belapur belt houses large-sized companies such as
Mukund Steel, BASF, Siemens, RPG Life Sciences, Reliance Life
Sciences and Nycomed. The areas of Taloja and Patalganga have more
of the chemical, pharmaceutical and food product companies, such as
Kellogg’s, Aditya Birla, Asahi Glass, Kingsher, Reliance Industries and
Cipla. Some of these areas were considered out-of-town locations for
the industries to survive.
As the cities of Thane, Mumbai and Navi Mumbai developed, some ofthese areas changed into real estate developments.
However, the state industry body, MIDC, has been proactive and is in the process of acquiring more land parcels in Patalganga, Ambernath and
other surrounding areas.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Petronas Lubricants 24 Patalganga
Cipla (three units) Pharmaceuticals 40 Patalganga
Ruchi Soya Food processing 40 Patalganga
Aditya Birla Nuvo Spatiality carbon 50 Patalganga
Bombay Dyeing Polyester 30 Patalganga
United Breweries FMCG 25 Taloja
Hindustan Copper Metal and engineering 20 Taloja
Kellogg’s Food processing 60 Taloja
Lubrizol Chemicals 22 Turbhe
Source: Research and REIS, JLL
Temperature
Max 33 °CMin 16 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
MahapeChemical
Pharmaceuticals Electronics
Turbhe MIDC, GhansoliMIDC, Rabale MIDC, Airoli
2,000-2,700 40–50
Patalganga Addl. Patalganga
550–1,100 22–25
Thane Industrial areasI and II
Pharmaceuticals Steel
Tarapur MIDC Dombivali 1,000–1,800 22–30
Ambernath, Murbad,Badlapur, Kalyan-Bhiwandi
1,000–1,400 18–22
Taloja MIDC
ChemicalsTextile
PharmaceuticalsElectronics
Taloja MIDC 1,350–2,050 22–25
Source: Research and REIS, JLLStrong/marginal decline Stable Marginal/strong increase
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NH- 4
NH- 4
NH- 9
NH- 9
NH- 4
NH- 4
NH- 50
NH- 50
NH- 50
SH- 65
Salgaon
Chinchodi
Kadus
Lakhangaon
Ranjani
Savindane
Rajgurunagar
MukhaiKharabwadi
Dehu Chimbali
TransportNagar
Wakad Lohegaon
WadgaonSheri
WagholiKhadki
Aundh
Hadapsar
Phursungi
Ambegaon
Khurd
Pirangut
Bavdhan
Manekhadi
Mandhar
Jejuri
Wadaki
Ramnagar
Walhe
Bhade Gaon
KhandalaBalvadi
Eksar
Asangaon
Lonand
Malavadi
Tathavada
Malthan
Pimpalwadi
Mudhale
Karhati
Barhanpur
Shivatkar
ChandgudeWadi
Patas
Kedagaon
Pargaon
Nhavare
Tardobachiwadi
Amble Nimone
Lakhewadi
Ranjangaon
Nighoj
Parner
Kanhoor
Chincholi
Wakalwadi
Bahul
Koyali
AMBEGAON
NARAYANGAON
PETH
TALEGAON
APATIPIMPRI
CHINCHWAD
LAVALE
NANDED
KOTHRUD
ALANDI
SASWAD
BHOR
SHIRGAON
PHALTAN
SANGAVI
KURKUMBH
URULI
KANCHAN
TALEGAON
DHAMDHERE
SHIRUR
C H AK AN S H I K R AP U R R D
S H I R U R - S A N G A V I R D
M U M B AI H W Y
S H I R U R
- S A T A R A R D
BeverlyHills
Hotel Aurora Towers
Le Meridien
GurudwaraCommand Hospital
Noble Hospital
Dhom Lake
Veer Dam
Bhatghar Dam
Nira DevgharDam
Chinchni Dam
B h i m a R i v e r
ChasKaman Dam
Bhama Askhed Dam
KhadakvaslaLake
Mu - t h a a l R u i rv e M
Fire Station
Fire Station
Fire Station
Electric SubStation
Electric SubStation
Electric SubStation
Electric SubStation
KURKUMBH
INDUSTRIAL AREA
BARAMATIINDUSTRIAL AREA
LONAND
INDUSTRIAL AREA
PHALTAN
INDUSTRIAL AREA
SHIRWAL
INDUSTRIAL AREA
KESURDI
INDUSTRIAL AREA
JEJURI
INDUSTRIAL
AREA
PIRANGUT
INDUSTRIAL AREA
HINJEWADI
INDUSTRIAL AREA
PCMC
INDUSTRIAL AREA
TALEGAON
INDUSTRIAL AREA
KURULI
INDUSTRIAL AREA
CHAKAN
INDUSTRIAL AREA
KHED
INDUSTRIAL
AREA
NAGAR ROAD
INDUSTRIAL AREA
SANASVADI
INDUSTRIAL AREA
SOLAPUR ROAD
INDUSTRIAL AREA
RANJANGAON
INDUSTRIAL AREA
SUPAINDUSTRIAL AREA
PUNE INTL. AIRPORT
SH- 58
WAI
MAHABALESHWAR
KUDAL
A B C D
A B C D
1
2
3
4
5
6
7
8
1
2
3
4
5
6
7
8
PUNE
MAP NOT TO SCALE. Designed and published by JLL. Jones Lang LaSalle Property Consultants (India) Pvt Ltd © 2014. All rights reserved.
8/16/2019 Manufacturing Destinations of India July2014
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Pune
Population
5.0 million
Density
7,113/sq km
City Rank
Eighth
Pune has been the favourite industrial destination since the
inception of the Pimpri-Chinchwad Municipal Corporation (PCMC)
in the 1960s.
Furthermore, the Maharashtra Industrial Development Corporation
(MIDC) stimulated the growth of industries in Pune by acquiringland and providing the requisite infrastructure.
Talegaon and Chakan are home to automotive giants such as
Volkswagen, Mercedes Benz, Mahindra &Mahindra and General
Motors, whereas Ranjangaon hosts all kinds of industries, such
as automotive, white goods, jewellery, paints, food products and
chemicals. The growth was aptly supported by trained manpower
supplied by the various local and international educational
institutions, the low cost of real estate and their proximity to the
business capital of Mumbai and the port. As a result, the city has
established itself as one of the most preferred locations in India forindustrial development.
MAJOR MANUFACTURING OCCUPIERS
Occupier Occupier Type Area(Acres)
Location
Volkswagen Automobiles 600 Chakan
Mahindra & Mahindra Automobiles 750 Chakan
Bridgestone Automobiles 200 Chakan
DaimlerChrysler Automobiles 100 Chakan
Sany India HeavyEngineering
100 Chakan
Bajaj Auto Automobiles 250 Chakan
Fiat Automobiles 220 Ranjangaon
Joseph Cyril Bamford (JCB) HeavyEngineering
110 Talegaon
General Motors Automobiles 300 Talegaon
John Deere Automobiles 112 Sanaswadi
Source: Research and REIS, JLL
Temperature
Max 42.3 °CMin 31.59 °C
MANUFACTURING CORRIDORS
Manufacturing Corridor Major Industries Major Locations Land Value(INR per sq ft)
Monthly Rent(INR per sq ft per month)
12-MonthDemand Outlook
Chakan AutomobilesHeavy engineering
Chakan Phase I, II, III andIV, Kuruli, Nanekarwadi,Kharabwadi and Nighoje,
among others
450–800 25–30
Talegaon Automobiles
Heavy engineering Talegaon MIDC 400–600 25–28
Nagar Road
AutomobilesFMCG
ElectronicsChemicals
Heavy engineering
Lonikand, Phulgaon,Sanaswadi 300–500 22–27
Ranjangaon Automobiles
FMCGElectronics
Ranjangaon MIDC 350–450 22–26
ShirwalHeavy engineering
ChemicalsFood processing
Shirwal, Kesurdi, Khandala,Lonand 150–300 20–25
Source: Research and REIS, JLL
Strong/marginal decline Stable Marginal/strong increase
8/16/2019 Manufacturing Destinations of India July2014
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India’s Advantages and
Growth Opportunities
The Indian manufacturing sector has registered moderate growth inthe past, even in times when the global economy was going through
a major slowdown. The country places high priority on infrastructure
development, thus offering high growth opportunities for a wide range
of manufacturing industries and a wide range of untapped opportunities
in other sectors. The entry of foreign manufacturing companies with
technology-based orientation is helping India create a core and
contemporary manufacturing sector fed by ancillary manufacturers that
rely on simple technical skills.
Low Real Estate Costs
Occupiers seeking to buy land and construct their own facilities can ndnumerous opportunities in India. Land values are generally low in India.
Manufacturing sector rents are also affordable compared to Sydney,
Melbourne, Brisbane, Shanghai, Beijing, Guangzhou and Shenzhen.
Low Labour Costs
The cost competitiveness of labour is the key driver for the
manufacturing sector in India. The cost of labour for manufacturing
sector is cheaper when compared to other countries such as Japan,
the United States, the United Kingdom, Poland, Korea, Australia,
Germany, Brazil and Taiwan. This continues to transform the Indian
manufacturing industry with respect to creating a competitive advantagein manufacturing. In addition, rising manufacturing wages in China
are likely to bring new entrants to India, and the country expected to
become a destination for manufacturing.
Favourable Policy
India is largely moving toward high-end
manufacturing, with the government announcing
multiple reforms and policies
in the sector. The Indian
manufacturing industry is
largely driven by low-cost and skilled labour force, adequate land
laws and the reasonable cost of capital. India is increasingly adopting
a global approach to become a strategic player on the international
platform.
The Government of India has announced a national manufacturingpolicy with the objective of enhancing the share of manufacturing in
GDP to 25% within a decade and creating 100 million jobs. It also
seeks to empower rural youth by imparting necessary skill sets to make
them employable. Sustainable development is integral to the spirit
of the policy, and technological value addition in manufacturing has
received special focus.
To achieve the desired growth rate for the manufacturing sector, it is
also necessary to have a high growth rate for the country‘s exports.
Considering this, the Department of Commerce has come up with a
strategy on doubling India‘s exports to accelerate the rate of growthof manufacturing exports and reach a level of USD 534 billion by
2016–2017.
The government has also taken steps such as easing foreign
investment restrictions in retail, civil aviation and television
broadcasting as well as embarking on
a scal improvement path by lowering
unproductive subsidies in an effort to
restore waning investor
condence.
8/16/2019 Manufacturing Destinations of India July2014
23/24 Manufacturing Destinations of India: A Real Estate Overview 23
Srinivasa Reddy NS
Assistant Vice President, Research and REIS
[email protected]+91 80 4031 4833
Srinivasa Reddy joined Jones Lang LaSalle in March 2008. Based out of Bangalore, he contributes to researchdeliverables on ofce, retail and residential real estate markets in India. He is also responsible for working on bespokeprojects. His expertise lies in the elds of analytical market research, econometric modelling and forecasting.
Srinivasa holds a master’s degree in economics and has more than eight years of industry research and businessconsulting experience.
Shreyas Saoji Assistant Manager, Research and [email protected]+91 22 6620 7575
Shreyas Saoji joined the Jones Lang LaSalle Research team in 2011. Based out of Mumbai, he contributes to bespokeresearch assignments and research covering ofce, retail and residential asset classes. He also contributes to theoperations of the Real Estate Intelligence Service (REIS), the agship quarterly offering by Jones Lang LaSalleResearch.
Shreyas holds a bachelor’s degree in architecture and a master’s degree in Infrastructure Planning and Managementand has over four years of experience in the eld of real estate research.
Praveen Pinto Assistant Vice President, Industrial Transactions [email protected]+91 80 3999 9100
Praveen Pinto joined Jones Lang LaSalle in April 2008. Based out of Bangalore, Praveen currently leads the industrialtransaction management practice in Bangalore. He has expertise in business location consulting, feasibility studies,market research and industrial transactions for various domestic and international rms looking at setting up industrialoperations in South India.
Praveen holds a master’s degree in nance and has six years of real estate consulting and transaction experience.
Chandranath Dey Assistant Vice President, Head – Industrial Consulting [email protected]+91 79 4015 0021
Chandranath Dey joined JLL in May 2006. Based in Ahmedabad, Chandranath leads the industrial consulting business
in India. He has expertise in the formulation of business plans, business location advisories and site selection studiesfor some of the largest Fortune 500 companies. He also manages techno-nancial feasibility studies for large-scaleindustrial & logistic parks.
Authors
Ashutosh Limaye
Head, Research and REIS+91 22 3985 1319
For research enquiries,please contact:
Srinivas N
Head, Industrial Transactions+91 984 544 5495
For business enquiries,please contact:
Nirav Kothary
Head, Industrial Services+91 972 775 8027
8/16/2019 Manufacturing Destinations of India July2014
24/24
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About JLL
JLL (NYSE: JLL) is a professional services and investment management rm offering specialized real estate services to clients seeking increasedvalue by owning, occupying and investing in real estate. With annual fee revenue of $4 billion, JLL has more than 200 corporate ofces andoperates in 75 countries worldwide. On behalf of its clients, the rm provides management and real estate outsourcing services for a propertyportfolio of 3 billion square feet and completed $99 billion in sales, acquisitions and nance transactions in 2013. Its investment managementbusiness, LaSalle Investment Management, has $48.0 billion of real estate assets under management.
JLL has over 50 years of experience in Asia Pacic, with over 27,500 employees operating in 80 ofces in 15 countries across the region. Therm was named ‘Best Property Consultancy’ in seven Asia Pacic countries at the International Property Awards Asia Pacic 2014, and won nine Asia Pacic awards in the Euromoney Real Estate Awards 2013. www.jll.com/asiapacic About JLL India
JLL is India’s premier and largest professional services rm specializing in real estate. With an extensive geographic footprint across 11 cities(Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over6800, the rm provides investors,developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy,transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capitalmarkets, residential, hotels, health care, senior living, education and retail advisory. The rm was named the Best Property Consultancy in Indiaat the International Property Awards Asia Pacic 2014-15. For further information, please visit www.joneslanglasalle.co.in
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