Welspun One sells its Gurugram warehouse project for INR 900 million

Welspun One, a leading industrial real estate developer, recently announced the successful sale of a warehousing project in Farrukhnagar, Gurugram, for INR 900 million (approximately USD 11 million). This transaction highlights the growing appeal of India's logistics sector to both domestic and global investors.
The project, a sprawling 2.9 lakh sq. ft Grade-A facility is located near major highways like the KMP Expressway and National Highway 48. Completed within a two-year timeframe, the project was fully leased to a prominent third-party logistics (3PL) player, showcasing Welspun One's expertise in the development, construction, and leasing of warehousing spaces.
Welspun One played a pioneering role in launching India's first warehousing Alternative Investment Fund (AIF) focused on domestic investors. This AIF, with over INR 900 million raised, allows individuals to participate in the booming warehouse industry, traditionally dominated by foreign investors. Welspun One's AIF is regulated by SEBI, India's securities regulator, ensuring transparency and governance throughout the investment process.
Commenting on the transaction, Balkrishan Goenka, Chairman of Welspun World, stated that India's warehousing sector, which now boasts nearly 87 million sq. ft. of space in Chennai alone, is critical for driving economic growth. He emphasized the importance of Welspun One's AIF in enabling domestic participation in this flourishing industry.
Anshul Singhal, Managing Director of Welspun One, expressed his satisfaction with the successful exit, highlighting it as a testament to the company's strategy and the overall strength of the warehousing sector. The sale of the project to a prominent Asian real estate investor further underscores the global appeal of Welspun One's approach.
With its focus on developing high-quality warehousing spaces exceeding 2.9 lakh sq. ft. and maintaining strong governance practices, Welspun One is well-positioned to play a major role in India's ongoing warehousing boom. This successful exit sets a positive precedent for future endeavours and highlights the growing investor confidence in the Indian logistics market, which is expected to see continued growth due to factors like rising e-commerce and manufacturing activities.

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Welspun One sells its Gurugram warehouse project for INR 900 million

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