Prestige Group Scales Into Warehousing As India Logistics Boom Accelerates

With over 300 completed projects spanning 193 million square feet and operations across 13 cities, Prestige continues to diversify its portfolio across residential, commercial, retail, hospitality, and warehousing segments. This marks a pivotal strategic shift for one of India's largest developers.

Prestige is now expanding into warehouses and industrial parks, with Shipco Warehousing in Kolar representing 2.05 million sq. ft. The flagship project underscores the developer's confidence in India's exploding logistics demand. Shipco is a commercial warehousing project located in Kolar, Karnataka, covering 47.06 acres, with the project ready for possession from 2026.

This expansion arrives at a critical market moment. The market has moved into a phase of aggressive scaling, with 56% of firms preparing to increase their investment volume over the next 12 to 18 months, and 29% planning significant increases. The warehousing market in India rose 42% year-on-year in H1 2025.

The India warehouse market size is expected to grow from USD 24.99 billion in 2025 to USD 27.29 billion in 2026 and is forecast to reach USD 40.99 billion by 2031 at 8.48% CAGR. The warehousing & logistics sector contributes ~13-14 per cent to India's GDP and is expanding to keep pace with the country's rapid economic growth.

Prestige's entry builds on its existing logistics expertise. Prestige Logistic Centre is a modern industrial warehouse project located in the KIADB Industrial Park, Malur, Karnataka, spread across about 15.37 acres with 2 large, open, column-free warehouse buildings, opened on May 13, 2018. The facility hosts Flipkart and Dhoot Transmission Pvt. Ltd., using the space for inventory management, sorting, and dispatch operations.

Kolar's strategic position is critical to the Shipco story. Businesses operating in warehousing, logistics, retail and commercial sectors seek locations that allow easy movement of goods and convenient access to major cities; Kolar fulfills these requirements, offering connectivity to major industrial zones, business districts and transportation corridors that help companies reduce operational costs while improving supply chain efficiency. Kolar is emerging as an important destination due to its improving infrastructure, connectivity and growing commercial activities, with location offering access to major roads and transportation networks.

For real estate investors and homebuyers, this development signals Prestige's structural diversification. Prestige Group is a leader in six real estate sectors—residential, commercial, retail, hospitality, warehousing, and services. Such portfolio depth reduces single-asset risk while tapping high-growth non-residential segments that typically deliver stronger lease yields than residential alone. The warehousing push also anchors anchor-tenant demand in Prestige's mixed-use townships and urban commercial developments across tier-1 and emerging tier-2 markets.