Welspun One acquires 107-acre in Bengaluru, to invest Rs 2,150 cr across Karnataka and Tamil Nadu

Economic Times

a day ago

Welspun One Logistics Parks (WOLP), a warehousing and industrial real estate development and investment platform, has acquired two prime land parcels in Bengaluru, investing Rs 2,150 crore ($250 million, including land cost) to further scale its operations in South India.
Welspun One has acquired 51 acres in Hoskote and 56 acres in Devanahalli, further strengthening its presence in South India. With these additions, the company's regional land bank now exceeds 260 acres across Karnataka and Tamil Nadu, translating into a development potential of over 6 million sq. ft. The projects are backed by a committed investment of $250 million (Rs 2,150 crore).
WOLP's strategy has been to enter high-potential markets early, ahead of mainstream demand. Having pioneered large-scale developments in North Chennai and Bengaluru's Bagalur, the firm is now expanding across Devanahalli and Hoskote, creating a multi-node network to serve diverse occupiers.In East Bengaluru's Hoskote cluster, WOLP will develop a Proxima-category park, a Grade-A warehousing hub catering to 3PLs, FMCG, and retail clients. This micro-market, home to occupiers such as Amazon, Flipkart, and DHL, is expected to benefit from upcoming infrastructure including the Satellite Town Ring Road (STRR) and the Bengaluru-Chennai Expressway.The 56-acre Devanahalli site, part of WOLP's premium Proxima Plus category, will be developed near the Airport City and the proposed Multi-Modal Logistics Park (MMLP). Designed for high-value sectors including electronics, aerospace, EVs, and pharmaceuticals, Proxima Plus parks will feature plug-and-play capabilities, advanced tech infrastructure, and modern design aesthetics.
"These acquisitions are more than just land transactions, they represent our commitment to building the backbone of South India's new-age supply chains. From North Chennai to Bengaluru, we have stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream. With Proxima and Proxima Plus, we are offering our clients differentiated options, scalable, future-ready, and aligned with the evolving needs of industry and commerce,' said Anshul Singhal, Managing Director, Welspun One Logistics Parks.WOLP said Bengaluru's warehousing demand is rising at 15% annually, with supply shortfalls in key clusters like Hoskote-Soukya. Its multi-node strategy now covers North, East, and South Bengaluru, ensuring localized fulfilment in a city constrained by traffic and dispersed consumption zones."Welspun One's momentum in the South underscores our Group's larger vision, to build long-term, future-facing businesses that power India's infrastructure story. The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability,' said Balkrishan Goenka, Chairman, Welspun Group. With these acquisitions, Welspun One is capitalizing on strong demand from 3PL, FMCG, electronics, retail, and EV sectors. The company continues to adopt a mix of outright purchases, joint ventures, and leasehold models, ensuring both flexibility and capital efficiency. It plans to build a 20–25 million sq. ft. portfolio with $2.5 billion AUM by 2028, with South India playing a central role in this growth strategy.