Welspun One Snaps Up 22 Acres in Gurugram for ₹125 Crore Logistics Hub

Welspun One Logistics Parks has acquired 22 acres of prime land along the Bilaspur-Tauru Road in the Gurugram-NH8 corridor, investing ₹125 crore to develop a state-of-the-art logistics park. The project, strategically located in one of India's key logistics corridors, is expected to generate employment for 1,200 to 1,500 people, according to a company statement.

Anshul Singhal, Managing Director of Welspun One, highlighted that this acquisition marks a significant expansion of the company’s footprint in the rapidly growing logistics sector. "This strategic location will enable us to create a cutting-edge logistics hub that enhances operational efficiencies for our tenants while contributing to India's broader economic growth," Singhal stated.

The deal was facilitated by property consultant JLL India, reflecting the increasing demand for Grade-A logistics and industrial spaces in the country. The new development aligns with Welspun One's vision of building large-format, institutional-grade logistics and warehousing facilities to meet the diverse needs of businesses across various sectors.

Welspun One is part of the USD 5 billion Welspun World conglomerate, which has a diverse portfolio, including pipes, home textiles, infrastructure, advanced textiles, and flooring solutions. The company aims to leverage its expertise to deliver top-tier logistics parks across India, reinforcing its position as a key player in the industry.

News by Rahul Yelligetti