With these additions, Welspun One strengthens its South India footprint, expanding its land bank to more than 260 acres and unlocking over 6 million sq ft of development potential across Karnataka and Tamil Nadu.
Welspun One Logistics Parks (WOLP), a leading developer and fund manager in India’s warehousing and industrial real estate sector, has announced two strategic land acquisitions of 51 acres in Hoskote and 56 acres in Devanahalli, in Karnataka. These additions mark a significant expansion of the company’s footprint in South India, taking its regional land bank to over 260 acres across Karnataka and Tamil Nadu.
The combined development potential of these sites exceeds 6 million sq ft, backed by a committed investment of ₹21.5 billion ($258 million). Welspun One’s strategy centres on early entry into high-growth logistics corridors, with previous pioneering moves in North Chennai and Bengaluru’s Bagalur. The latest acquisitions in Devanahalli and Hoskote reinforce this approach, enabling scalable warehousing hubs for diverse occupiers across sectors.
Balkrishan Goenka, Chairman, Welspun Group, stated, “Welspun One’s momentum in the South reflects our group’s broader vision to build future-facing infrastructure businesses. Bengaluru, in particular, offers immense promise, and these investments demonstrate our conviction and capability.”
The new sites strengthen Welspun One’s multi-node strategy for Bengaluru, with operational and upcoming parks now spanning the North, East, and South. Given the city’s radial road network, traffic density, and dispersed consumption zones, decentralised fulfilment hubs are essential for speed and efficiency. With Bengaluru’s warehousing demand projected to grow by 15 per cent annually, the company says it is positioning itself ahead of the curve in supply-constrained markets.
Premier Facilities in High-Demand Clusters
The Hoskote acquisition will house a Proxima category park, a Grade-A facility tailored for third-party logistics providers, FMCG, and retail occupiers. Located in East Bengaluru, the site benefits from proximity to SH-95, NH-75, and key consumption zones such as Whitefield, KR Puram, Sarjapur, and Varthur. The Hoskote-Soukya cluster currently hosts over 7 million sq ft of Grade-A warehousing stock, with a projected shortfall of 1.6 million sq ft by FY2026–27.
Meanwhile, the Devanahalli site will anchor Welspun’s Proxima Plus category, a premium warehousing development near Airport City and the proposed multimodal logistics park (MMLP). With multimodal connectivity and access to North, East, and Central Bengaluru within an hour’s drive, the site is strategically placed to serve both B2B and B2C distribution needs.
Anshul Singhal, Managing Director, Welspun One, commented, “These acquisitions are more than land deals; they reflect our commitment to building the backbone of South India’s new-age supply chains. From North Chennai to Bengaluru, we’ve stayed ahead of the curve, identifying and investing in the right micro-markets before they turn mainstream.”
Located within the Yelahanka cluster, the Devanahalli region is undergoing rapid transformation, driven by infrastructure projects such as the Bangalore International Airport expansion, aerospace park, and the STRR. The area is expected to face a Grade-A warehousing demand-supply gap of 2.4 million sq ft by FY2028-29.
Welspun One’s Proxima Plus parks will cater to industries including electronics, aerospace, electric vehicles, and pharmaceuticals, offering plug-and-play features, tech-enabled infrastructure, and superior design aesthetics.