Welspun One Expands Footprint in NCR with 22-Acre Land Acquisition
Welspun One acquires 22-acre land parcel in NCR, to invest ₹125 crore to build logistics park, generating employment for 1200-1500 people.
Welspun OneLogistics ParkNcrGurugramJllReal Estate NewsAug 20, 2024
The transaction was facilitated by JLL, a leading real estate consultancy firm. According to JLL, the Gurugram-NH8 corridor boasts of a total supply of 64 million square feet for Grade A and B spaces as of H1 2024, positioning it as the largest logistics sub-market in India.
The site is ideally positioned near existing major logistics parks, enhancing its appeal to tenants. Welspun One's proposed development will complement the surrounding infrastructure, which includes tenants like leading third-party logistics players, e-commerce giants, and retail players.
Frequently Asked Questions
What is the size of the land parcel acquired by Welspun One?
22 acres
How much will Welspun One invest in developing the logistics park?
₹125 crore
How many jobs will be generated by the logistics park?
1200-1500
Who facilitated the transaction?
JLL
What is the total supply of Grade A and B spaces in the Gurugram-NH8 corridor?
64 million square feet
Related News Articles
Rustomjee Launches Belle Vie: A Luxury Plotted Development in Kasara
Mumbai, Maharashtra, India: Rustomjee Group, a leading real estate developer, announces its entry into plotted development with the launch of Belle Vie, a luxury residential project in Kasara.
TGRERA Directs Aliens Developers to Expedite Project and Pay Interest for Delay
The Telangana Real Estate Regulatory Authority (TGRERA) has issued a directive to Aliens Developers to expedite the completion of the 'Aliens Space Station' and to pay interest for the delay in project delivery.
Signature Global Acquires 16-Acre Land in Gurugram for ₹300 Crore; Plans Premium Housing Project
Gurugram-based real estate developer Signature Global has acquired a 16.12-acre land parcel for about ₹300 crore in Gurugram. The company plans to develop a premium housing project with units priced between ₹3 crore and ₹4 crore.
Union Budget 2025-26: How the Rs 12 Lakh Nil Tax Slab Enhances Spending Power for Homebuyers?
The Finance Minister's Union Budget 2025 measures have provided a significant boost to the real estate industry. With the completion of 50,000 housing units under the SWAMIH initiative, homebuyers are set to benefit from increased spending power due to th
Unlocking Excellence: Discover the Benefits of a Swiss Boarding School
Swiss boarding schools are renowned for their high standards of education and holistic development. Discover why sending your child to one might be the best decision for their future.
Macrotech Developers Acquires 10 Land Parcels to Develop Rs 24,000 Crore Worth Housing Projects
Macrotech Developers, a leading real estate developer with a robust presence in MMR, Pune, and Bengaluru, has made significant strides by acquiring 10 land parcels in FY25. The company plans to develop these parcels into high-value housing projects worth Rs 24,000 crore.