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Warehousing and industrial real estate platform Welspun One plans to develop Grade-A logistics park spread over around 1.2 million square feet in Talegaon, Pune with an investment of Rs 550 crore, the company said on Tuesday. The company said it has been allotted 46-acre of land parcel in Pune's Talegaon MIDC Phase- IV for the project. The upcoming park will be designed with tailored specifications to meet the distinct operational needs of high-demand sectors such as 3PL, e-commerce, FMCG, automotive, engineering, auto ancillary, and manufacturing industries, making it one of the region's most differentiated and high-performance assets, it said. The masterplan includes four planned buildings ranging from around 1 lakh sq ft to around 3.5 lakh sq ft, offering flexibility for both high-throughput logistics players and industrial users with large-format space requirements at Welspun One. The land parcel is earmarked for developing a premium Grade-A first-mile logistics asset, designed
New supply of premium industrial and warehousing spaces rose 6 per cent during the January-September period across the top eight cities, as builders look to expand portfolio to meet rising demand, according to Colliers. Real estate consultant Colliers India's latest data suggests that the fresh supply of industrial and warehousing spaces grew to 28.8 million square feet during the first nine months of this calendar year from 27.1 million square feet in the year-ago period. The data pertains to Grade A buildings. Delhi-NCR, Chennai, and Mumbai together accounted for nearly two-thirds of the total new supply. "The majority of the new completions were concentrated in NH 16 - Chennai, Bhiwandi - Mumbai and Luhari & Farukh Nagar micro markets of Delhi NCR, indicating the continued preference for well-connected localities with strong infrastructure linkages," the consultant said. As per the data, the new supply in Delhi-NCR increased 18 per cent to 9 million square feet during ...
Welspun Group-backed warehousing and logistics platform Welspun One Logistics Parks (WOLP) on Wednesday announced it has acquired two land parcels totalling 107 acres in southern India for two warehousing projects. With this acquisition, the company's total footprint has expanded to over 260 acres across Karnataka and Tamil Nadu, marking a significant step in strengthening its pan-South India presence, Welspun One said. This portfolio represents a development potential of over 6 million sq ft, supported by a committed investment of USD 250 million (Rs 2,150 crore), the company said. Welspun One said it has acquired around 51 acres of land in Hoskote and 56 acres in Devanahalli, Karnataka. With these acquisitions, the company has further strengthened its presence in South India, underscoring its confidence in the region's long-term growth potential. "The Bengaluru market in particular holds immense promise, and these investments demonstrate our conviction and capability," said ...
Delhi-NCR has witnessed a 10 per cent decline in rentals of warehousing during the first six months of this year, according to Vestian. Real estate consultant Vestian said the rentals of warehousing spaces in the NCR region contracted significantly by 10 per cent annually to Rs 21 per square feet a month. "This decline could be attributed to a large share of leasing, around 60 per cent, recorded at rates below the city's average rent," the consultant said in a statement on Friday. The average rental values across the top seven cities remained largely stable, ranging between Rs 18-31 per square feet per month. Pune commands the highest rental of Rs 31 per square feet per month, driven by strong demand from 3PL, automotive, engineering, and manufacturing sectors. The rentals rose 13 per cent year-on-year during the January-June period in Pune. Mumbai region commands the lowest rentals of Rs 18 per sq ft per month amongst the top seven cities. The rentals fell 2 per cent annually in
Leasing of industrial and warehousing spaces rose 63 per cent in the first six months of this calendar year to record 27.1 million square feet across eight major cities on better demand from e-commerce players, according to CBRE. On Tuesday, real estate consultant CBRE noted that the third-party logistics (3PL) players took 32 per cent of the total spaces leased during January-June this year while e-commerce entities' share surged to 25 per cent. "The dominance of 3PL and e-commerce, which together drove over half of H1 demand, underscores how rapidly evolving consumer expectations and supply chain optimisation are reshaping the landscape," said Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE. He said the next wave of growth would be defined by premium, sustainable, and tech-enabled facilities. Ram Chandnani?, Managing Director, Leasing, CBRE India, said, The robust growth in leasing activity, coupled with sustained institutional ...