Welspun One buys land in Karnataka to expand warehouse network

The company has bought 51 acres in Hoskote and 56 acres in Devanahalli. Together, the sites offer over six million sq. ft. of development potential. With these additions, WOLP’s total footprint in South India crosses 260 acres.

WOLP has earlier developed projects in North Chennai and Bengaluru’s Bagalur. It is now building a network across Devanahalli and Hoskote. In East Bengaluru’s Hoskote cluster, the company will set up a Proxima-category park, targeting 3PLs, FMCG, and retail clients. The location is expected to gain from upcoming infrastructure such as the Satellite Town Ring Road (STRR) and the Bengaluru-Chennai Expressway.

In Devanahalli, WOLP will develop a Proxima Plus park near the Airport City and the proposed Multi-Modal Logistics Park (MMLP). These facilities are planned for sectors including electronics, aerospace, EVs, and pharmaceuticals, and will feature plug-and-play capabilities and technology infrastructure.      “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 have stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream. With Proxima and Proxima Plus, we are offering our clients differentiated options, scalable, future-ready, and aligned with the evolving needs of industry and commerce,” said Anshul Singhal, Managing Director, Welspun One Logistics Parks.

WOLP said Bengaluru’s warehousing demand is rising at 15 per cent annually, with supply shortfalls in clusters such as Hoskote-Soukya. Its network now spans North, East, and South Bengaluru, aimed at supporting localised fulfilment. “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,” said Balkrishan Goenka, Chairman, Welspun Group.

The company aims to build a 20–25 million sq. ft. portfolio with $2.5 billion assets under management by 2028, with South India as a key focus.