• 16-17-18 December 2021
  • Halls:8,9,10,11 & 12 Pragati Maidan,Delhi

Welspun One Logistics gears up to invest Rs 900 crore to develop warehousing park

Warehousing is set to boost growth of real estate in the country. The pandemic has been responsible for the slowdown in the overall world economy, however, few sectors are thriving due to the shift in demand. With the surge in e-commerce activity, the demand of warehousing space and logistics is gradually increasing. Capitalising on the expected market growth, Welspun One Logistics Parks (WOLP) is planning to invest over Rs 900 crore to develop a 110-acre warehousing park Bhiwandi near Mumbai.

The company’s maiden project with a leasable area of 3.2 million sq ft is located on a contiguous land parcel fully owned by the promoters of Welspun Group, the Goenkas.

The integrated fund, asset, and development management company has entered into a pact with the government of Maharashtra for this project and the necessary approvals are being sought under the  Integrated Logistics Parks (ILP) policy.

This development has further cemented our focus in the warehousing sector. We are optimistic and view this as one of the only asset classes, especially in the current context, which provides both attractive development returns and stable long-term yields,” said B.K. Goenka, Chairman, Welspun Group.

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