Welspun One Logistics Parks (WOLP), India’s leading asset developer and fund manager focused on warehousing and industrial real estate, has announced the acquisition of ~51 acres of land parcel in Hoskote, and ~56 acres of land in Devanahalli. With these acquisitions Welspun has further strengthened its presence in South India reflecting its confidence in the long-term fundamentals of the region.
The two new projects mark a significant expansion of Welspun One’s pan-South India footprint, taking its regional land bank to 260+ acres across Karnataka and Tamil Nadu. This portfolio represents a development potential of 6 million+ sq. ft., supported by a committed investment of $250 million (INR 2,150 crore). The company’s strategy has focused on early entry into high-potential logistics corridors, long before they become mainstream, evident in its pioneering moves across North Chennai and Bengaluru’s Bagalur, and now Devanahalli and Hoskote. These acquisitions will enhance Welspun One’s warehousing capabilities, creating scalable hubs to serve diverse occupiers across multiple industries.
In East Bengaluru’s Hoskote cluster, Welspun One has acquired ~51 acres for its Proxima category park, a Grade-A warehousing facility built to serve 3PLs, FMCG, and retail players. The micro-market already hosts major occupiers like Amazon, Flipkart, and DHL, and is poised for exponential growth with the upcoming Satellite Town Ring Road (STRR) and Bengaluru-Chennai Expressway within close reach.
With excellent connectivity to SH-95, NH-75, and proximity to Whitefield, KR Puram, Sarjapur, and Varthur, the site offers quick access to high-consumption zones in East Bengaluru. The Hoskote-Soukya cluster currently houses over 7 million sq. ft. of Grade-A warehousing stock, with an estimated shortfall of 1.6 million sq. ft. by FY26–27, indicating sustained occupier demand.
The second acquisition, ~56 acres in Devanahalli, is part of the upcoming Proxima Plus category, a first-of-its-kind premium warehousing development by Welspun One. Located near the burgeoning Airport City and the proposed Multi-Modal Logistics Park (MMLP), the site offers multimodal connectivity and access to North, East, and Central Bengaluru within a 60-minute drive. Strategically located within the Yelahanka cluster in North Bengaluru, this region is witnessing a transformation driven by mega infrastructure projects such as the Bangalore International Airport expansion, Aerospace Park, and the STRR. With strong arterial connectivity via NH-44 and STRR, the site is ideally placed to serve both B2B and B2C distribution needs. The Yelahanka-Devanahalli cluster is projected to face a Grade-A warehousing demand-supply gap of 2.4 million sq. ft. by FY29.
Proxima Plus parks by Welspun One are designed to serve discerning occupiers including electronics, aerospace, EV, and pharma firms, offering plug-and-play features, tech-enabled infrastructure, and superior design aesthetics.
These additions consolidate Welspun One’s multi-node strategy for Bengaluru, with operational and upcoming parks now spanning the North, East, and South. Given Bengaluru’s radial road network, traffic density, and dispersed consumption zones, localized fulfilment through multiple hubs has become a necessity for ensuring speed and efficiency. With the warehousing demand projected to grow by 15% annually, these acquisitions ensure Welspun One remains ahead of the curve, offering scalable and differentiated solutions in supply-constrained markets.
Mr. Balkrishan Goenka, Chairman, Welspun Group, added, "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 in particular holds immense promise, and these investments demonstrate our conviction and capability. As a Group, we’re proud to back businesses that drive innovation, create employment, and add real economic value to the regions we serve."
Mr. Anshul Singhal, Managing Director, Welspun One Logistics Parks, commented, "These acquisitions are more than just land transactions, they represent our commitment to building the backbone of South India’s new-age supply chains. From North Chennai to Bengaluru, we’ve stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream. With Proxima and Proxima Plus, we’re offering our clients differentiated options, scalable, future-ready, and aligned with the evolving needs of industry and commerce."
With these assets, Welspun One is tapping into the sectoral tailwinds driven by 3PLs, FMCG, electronics, retail, and EV industries. The company continues to deploy a combination of outright purchases, joint ventures, and leasehold models, ensuring flexibility and capital efficiency.
Each park features best-in-class infrastructure including IoT-based parking, ESG compliance, solar-ready roofing, EV charging stations, dedicated rest areas, and women-centric facilities like crèches and skill development centers. These developments are fully aligned with Welspun One’s broader ambition of building a 20–25 million sq. ft. portfolio with a USD 2.5 billion AUM by 2028, with South India expected to play a pivotal role in achieving this goal.
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