Welspun One has secured a 22-acre land parcel along the Bilaspur-Tauru road, near NH-8 close to Gurugram, to develop a state-of-the-art logistics and warehousing infrastructure. With an investment of Rs 125 crore, this project is set to generate 1,500 jobs in the region.
Welspun One Expands Logistics Footprint with Strategic Land Acquisition Near Gurugram
Welspun One, an integrated fund and development management platform, has secured a 22-acre land parcel near the NH-8 corridor, close to Gurugram. Facilitated by JLL, a global real estate services firm, this acquisition marks a pivotal moment in Welspun One’s expansion strategy within India’s logistics sector.
The company plans to invest Rs 125 crore to develop the logistics infrastructure in this prime location, which is set to create 1,500 new jobs. Located along the Bilaspur-Tauru road, the site offers a strategic advantage, enhancing operational efficiencies for future tenants and contributing to the region’s economic growth.
“This acquisition is a significant milestone in expanding our presence in one of India’s key logistics corridors,” said Anshul Singhal, Managing Director of Welspun One. “Our goal is to establish a state-of-the-art logistics hub that not only meets the demands of our tenants but also supports India’s broader economic development.”
According to JLL, the NH-8 corridor in Gurugram currently offers a total of 64 million square feet of Grade A and Grade B logistics space, making it the largest logistics sub-market in India, followed closely by Bhiwandi in Mumbai. The first half of 2024 saw a gross absorption of 3.7 million square feet in this sub-market, nearly double the absorption rate of the same period in 2023, reflecting the strong demand for warehousing in the region.
“This transaction is particularly notable as it involves a long lease arrangement from multiple private landlords—a growing trend in India’s real estate market,” said Yogesh Shevade, Head of Logistics and Industrials for India at JLL.
Welspun One’s planned development will complement the existing infrastructure in the area, which includes major tenants such as 3rd party logistics providers, e-commerce leaders, and retail giants.
