Delhi is the national capital and the hub for the tech industry. It provides a thriving ground for warehousing businesses and the logistics sector to grow. A lot of cost-effective warehousing solutions are available across the city providing services like transportation, packing, kitting, and other customizable operations. The Government of India brought out the National Manufacturing Policy with the objective of increasing the share of manufacturing in the GDP to 25%. ‘Make in India’, the government’s national initiative, places great importance on building best in-class manufacturing infrastructure. National Capital Region (NCR) is the gateway to North India and the country’s largest urban agglomeration.
As per the Knight Frank Report on warehouse in Delhi NCR, currently, NCR’s total requirement for warehousing space is estimated to be 223 mn sq ft, of which more than 80%, or 187 mn sq ft, is from the manufacturing sector. However, the majority of the warehousing requirement of the manufacturing sector is fulfilled by captive space, either in terms of space at the manufacturer’s plant or company-owned warehouses. Although the trend of leasing a warehouse rather than owning it is steadily picking up with the emergence of third-party logistics players (3PL).
That being said, the shared warehousing facility is quite rampant in the city allowing businesses to share the warehousing space which is way cheaper than the traditional warehousing practice. Hence if you are in Bengaluru and looking to boost your e-commerce business, now is the time to opt for a shared warehouse that comes with ample benefits.
Here are some of the many things to remember while finding for a warehouse:
If you are handling the perishable goods that require constant refrigeration? In that case, find out if the warehouse has the potential – or is already equipped – to handle these unique requirements.
Also, make sure your stock will be secured. Hazardous materials, for example, will require special storage zones and secure access. You will also require to check if there is room for safe evacuation if something goes wrong with these products.
You don’t want lots of extra space but there needs to be an abundance of room to expand in the future. Take a look at how much can you safely stack your products. You also need room to move around the warehouse safely, too. This includes clear receiving and distribution zones: putting these areas too close together risks confusion in stock and a build-up of pallets in high-traffic areas.
Ask how much will it cost to provide heating, air conditioning, refrigeration services, and electricity to your warehouse. As the average running costs vary from city to city, too. Make sure you take this into consideration when finding the perfect location for your warehouse.
It is great having the perfect warehouse till you realize your staff cannot easily commute to the place. The location of the warehouse is a major factor that how good your business will run as it depends on your staff as your stock. So make sure that your warehouse location and amenities draw talent to your business, too. Free car parking, easy public transport access, and staff break areas are all things you will need to consider before you sign a warehouse lease.
You are responsible for running the business from the warehouse, and your own equipment, but what about the rest of the amenities and other facilities? Find out exactly what you are responsible for when it comes to building maintenance. All the expenses will affect the success of your business operations, so it is essential you know who handles what.
The longer warehouse leasing plans are more cost-effective and ideal for established businesses investing capital in their own warehouse machinery. However, you may only need short leasing plans or flexible plans while your business grows or to handle seasonal requirements. Find out what the minimum lease is and the terms of payment.
A lot of perks come with shared warehousing right from the appropriate guidance to advanced technology options that can be really cost-effective, saving you money and energy to focus on other significant aspects of your business. Make sure you will keep in mind all the above points and find the answers for these questing before renting a warehouse in Gurgaon and Delhi NCR for your business.