Bengaluru, August 20, 2025:
Welspun One Logistics Parks (WOLP) has made a decisive move to strengthen its logistics play in South India, acquiring ~107 acres across Hoskote and Devanahalli in Bengaluru. The twin acquisitions not only expand the developer’s warehousing presence but also underline its strategy of creating scalable, multi-node logistics hubs in supply-constrained micro-markets.
With these deals, Welspun One’s land bank in South India now stands at 260+ acres across Karnataka and Tamil Nadu, representing a development potential of over 6 million sq. ft. The projects, backed by a $250 million (₹2,150 crore) investment, highlight the company’s push to build Grade-A logistics infrastructure at a time when warehousing demand is expected to grow at 15% annually.
Hoskote: Tapping East Bengaluru’s Consumption Corridor
In East Bengaluru, Welspun One has secured ~51 acres in the Hoskote-Soukya cluster to develop a Proxima category park. This location is already home to large occupiers like Amazon, Flipkart, and DHL and is strategically positioned near the Satellite Town Ring Road (STRR) and Bengaluru-Chennai Expressway.
- Connectivity: Close to NH-75, SH-95, Whitefield, Sarjapur, and KR Puram, giving it strong access to Bengaluru’s consumption-heavy eastern zones.
- Market Dynamics: The cluster currently has 7 million sq. ft. of Grade-A warehousing stock, but demand-supply gaps are expected to leave a 1.6 million sq. ft. shortfall by FY26–27.
Devanahalli: Premium Warehousing Near Airport City
The second acquisition, ~56 acres in Devanahalli, is earmarked for Proxima Plus, Welspun One’s premium warehousing brand designed for advanced industries. Located within the Yelahanka-Devanahalli cluster, this park will cater to electronics, aerospace, EV, and pharma sectors, supported by multimodal connectivity.
- Proximity: Adjacent to Bangalore International Airport expansion, Aerospace Park, STRR, and the proposed Multi-Modal Logistics Park (MMLP).
- Growth Outlook: The region faces a 2.4 million sq. ft. demand-supply gap by FY29, making it one of Bengaluru’s hottest warehousing corridors.
Multi-Node Strategy for Bengaluru
With parks now spread across North, East, and South Bengaluru, Welspun One is executing a multi-node strategy designed to overcome the city’s radial road congestion and ensure faster fulfillment.
Each park will feature IoT-based parking, solar-ready roofing, EV charging points, ESG-compliant infrastructure, rest zones, and women-centric facilities like crèches and training centers.
Leadership Speak
Balkrishan Goenka, Chairman, Welspun Group, said:
“Our momentum in the South is part of the Group’s vision to back future-facing businesses that power India’s infrastructure. Bengaluru is a key logistics hub, and these investments reflect our confidence in its long-term fundamentals.”
Anshul Singhal, Managing Director, WOLP, added:
“These are not just land acquisitions, but a commitment to building the backbone of South India’s new-age supply chains. By entering micro-markets early, we ensure our clients get scalable, differentiated, and future-ready solutions.”
The Bigger Picture
With South India playing a pivotal role in consumption and manufacturing growth, Welspun One’s 260+ acre footprint positions it strongly to capture demand from 3PLs, FMCG, electronics, retail, and EV industries. The company is targeting a 20–25 million sq. ft. warehousing portfolio with USD 2.5 billion AUM by 2028, with Bengaluru at the center of its expansion.
