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
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