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Welspun One Logistics Parks expanded its land portfolio in South India by snapping up two major parcels roughly 51 acres in Hoskote and 56 acres in Devanahalli taking its regional footprint past 260 acres, with development potential exceeding 6 million sq ft. Backed by a committed investment of USD 250 million (INR 2,150 crore), these moves underline the company's confidence in unfolding markets. Its strategy has been to enter early into high-potential locations, from North Chennai to Bengaluru, now extending across micro-markets like Hoskote and Devanahalli. The new sites will host Proxima and Proxima Plus parks, tailored for diverse industries requiring scalable and tech-ready infrastructure.
Welspun One Logistics Parks just added two significant land parcels in southern India around 51 acres in Hoskote and 56 acres in Devanahalli boosting its total land bank across Karnataka and Tamil Nadu to over 260 acres. That brings the development potential to more than 6 million sq ft, supported by a committed outlay of USD 250 million (INR 2,150 crore). Advertisement
Construction of the Hoskote site will see a Proxima-category park a Grade-A facility aimed at 3PLs, FMCG, and retail firms placed in the thriving East Bengaluru cluster. The area already houses names like Amazon, Flipkart, and DHL, and stands to benefit from emerging infrastructure like the Satellite Town Ring Road and Bengaluru-Chennai Expressway.
Meanwhile, the Devanahalli plot is destined for the first Proxima Plus park, the premium tier designed for sectors like electronics, aerospace, EVs, and pharma. It will be located close to Airport City and a proposed Multi-Modal Logistics Park, promising plug-and-play infrastructure, tech-enabled amenities, and striking design aesthetics.
These moves reinforce Welspun One's long-standing strategy of entering emerging logistics clusters ahead of peers. The company has already demonstrated this via past projects in North Chennai and Bengaluru's Bagalur and is now weaving a multi-node logistics network across Hoskote and Devanahalli.
The company noted that Bengaluru's warehousing demand is expanding at around 15 percent annually, with notable supply shortages in clusters like Hoskote-Soukya. This network will help it deliver localized fulfilment solutions across North, East, and South Bengaluru.
Welspun Group's chairman expressed that the Bengaluru market shows strong potential and that these investments reflect the group's broader vision of building infrastructure that supports India's long-term growth without explicitly using his original words.
Welspun One's broader ambitions include constructing a 20-25 million sq ft portfolio with USD 2.5 billion of assets under management by 2028, with South India playing a central role in that strategy. Their current AUM already exceeds USD 1 billion.
This latest land buy adds new momentum to Welspun One's southern expansion and supply-chain infrastructure footprint.
Source PTI
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