Welspun One expands South India footprint with 107acre acquisition

Welspun One Logistics Parks (WOLP), India’s leading asset developer and fund manager in warehousing and industrial real estate, has strengthened its position in South India with the acquisition of about 51 acres in Hoskote, East Bengaluru and 56 acres in Devanahalli. With this, the company’s regional footprint has crossed 260 acres across Karnataka and Tamil Nadu.

The acquisitions represent a development potential of more than 6 million sq. ft. backed by a committed investment of $250 million (₹2,150 crore). Welspun One’s strategy focuses on entering high-potential logistics corridors early, as seen in its moves across North Chennai, Bagalur, and now Devanahalli and Hoskote. These projects are expected to enhance the company’s warehousing capabilities and serve a wide range of industries.

In Hoskote, East Bengaluru, Welspun One has secured around 51 acres for its Proxima category park, designed for 3PLs, FMCG and retail occupiers. The site enjoys connectivity to SH-95 and NH-75 and access to high-consumption zones such as Whitefield, KR Puram, Sarjapur, and Varthur. The Hoskote-Soukya cluster, which currently has over 7 million sq. ft. of Grade-A warehousing stock, is expected to face a shortfall of 1.6 million sq. ft. by FY26–27, reflecting strong occupier demand.

The second project, spanning about 56 acres in Devanahalli, falls under Welspun One’s new Proxima Plus category. The premium development is located near the upcoming Airport City and Multi-Modal Logistics Park, offering multimodal connectivity within North, East, and Central Bengaluru. The Yelahanka-Devanahalli cluster is projected to face a Grade-A demand-supply gap of 2.4 million sq. ft. by FY29, underlining the site’s strategic importance.

Proxima Plus parks are targeted at industries such as electronics, aerospace, EV and pharmaceuticals, with advanced features including plug-and-play facilities, tech-enabled infrastructure, and modern design. These developments form part of Welspun One’s multi-node Bengaluru strategy, which aims to meet the city’s increasing warehousing needs through multiple hubs.

Commenting on the development, Mr Balkrishan Goenka, Chairman, Welspun Group, said, “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 holds immense promise, and these investments demonstrate our conviction and capability.”

Mr Anshul Singhal, Managing Director, Welspun One Logistics Parks, added, “These acquisitions are more than just land transactions, they represent our commitment to building the backbone of South India’s new-age supply chains. With Proxima and Proxima Plus, we are offering differentiated and scalable solutions aligned with industry needs.”

Welspun One plans to build a 20–25 million sq. ft. portfolio with USD 2.5 billion assets under management by 2028, with South India playing a key role. Each park will include infrastructure such as IoT-based parking, solar-ready roofing, EV charging stations, crèches, and skill development centres, ensuring ESG compliance and inclusivity.