Welspun One Targets 10 Million Sq Ft of New Leasing

manufacturing-news
Neeraj Balani, Chief Customer Officer, Welspun One,

Welspun One has announced plans to lease more than 10 million square feet of warehousing and industrial space over the next three years, reinforcing its commitment to supporting India’s rapidly evolving logistics and supply chain ecosystem. The expansion strategy follows the company’s strongest leasing performance to date and reflects growing demand for institutional-grade industrial infrastructure across key economic corridors.

The company reported leasing activity and letters of intent exceeding 2.5 million square feet during FY 2025-26, driven by strong demand from e-commerce companies, third-party logistics providers, manufacturers, and specialized industrial users. The portfolio includes several large-format facilities developed to meet increasingly sophisticated customer requirements.

Among the major transactions completed during the year was a nearly 590,000-square-foot facility for Amazon India, along with a high-bay warehouse developed for AAJ Supply Chain. The company also delivered a customized temperature-controlled facility designed for a leading medical equipment manufacturer, highlighting the growing requirement for specialized logistics infrastructure beyond traditional warehousing applications.

Industry demand is increasingly being shaped by supply chain modernization, manufacturing expansion, and the need for strategically located distribution networks. As businesses seek greater efficiency, reliability, and scalability, developers capable of delivering large, technology-enabled facilities are gaining prominence within the sector.

To capitalize on these opportunities, Welspun One is expanding its development pipeline across multiple cities and asset categories. The company is actively investing in logistics parks, industrial facilities, urban distribution centers, retail infrastructure, and integrated commercial developments.

One of the most significant projects currently under development is a large Free Trade Warehousing Zone (FTWZ) at Nhava Sheva, which is expected to become one of the country’s largest logistics-led infrastructure developments. Additional projects are underway in Thane, Pune, Bengaluru, Chennai, Cuttack, and the National Capital Region, creating a diversified platform capable of serving multiple industries and customer segments.

Over the next four quarters, the company expects to deliver approximately 3.5 million square feet of additional infrastructure across its portfolio. These developments are intended to address rising demand for modern facilities that support inventory management, manufacturing operations, urban fulfillment, and international trade.

Welspun One is one of India’s leading logistics and industrial real estate platforms, focused on the development of world-class warehousing, logistics, and industrial infrastructure. Backed by the Welspun World Group, the company is dedicated to creating institutional-grade assets that support the evolving needs of India’s supply chain and manufacturing sectors.

With a strong presence across key logistics and industrial hubs, Welspun One has built a diversified portfolio of high-quality developments designed to enhance operational efficiency and long-term value creation. Its marquee projects include WTC Nhava Sheva (JNPA SEZ), a strategically located port-based logistics and industrial hub, and the World Trade Center, Thane, a landmark commercial development catering to global business and trade requirements.