IN Brief:
- Welspun One plans to lease more than 10m sq ft of logistics and industrial space over three years.
- The company completed leases and letters of intent covering more than 2.5m sq ft in FY26.
- Projects include FTWZ, in-city distribution, manufacturing, retail, ecommerce, and healthcare-linked facilities.
Welspun One plans to lease more than 10m sq ft of industrial and logistics space over the next three years, nearly doubling its current operational footprint as India’s demand for modern supply chain infrastructure continues to expand.
The warehousing and industrial real estate platform completed leases and letters of intent covering more than 2.5m sq ft during FY26, driven by demand from third-party logistics providers, manufacturers, and ecommerce companies. The company’s transactions during the year included a 5.9 lakh sq ft single-box facility for Amazon India, a 20-metre-high warehouse for AAJ Supply Chain, and a controlled-environment facility of more than 2 lakh sq ft for a medical equipment manufacturer.
Welspun One is also expanding beyond large-format warehousing into adjacent logistics property segments, including in-city distribution, retail, and commercial infrastructure. Its current development pipeline includes a Free Trade Warehousing Zone at Nhava Sheva with more than 4.5m sq ft of space, alongside more than 500,000 sq ft of multi-format assets in Thane for retail, commercial, and distribution uses.
Other projects include a 1.2m sq ft logistics park in Chakan, Pune; a 1.2m sq ft logistics and industrial park in Hoskote, Bengaluru; a 1.2m sq ft logistics and industrial park in Chennai; and more than 1.5m sq ft of logistics and industrial space in Cuttack. Welspun One is also developing more than 500,000 sq ft in Tauru and Haily Mandi in the National Capital Region.
The company expects to deliver an additional 3.5m sq ft across its assets over the next four quarters as construction and capital deployment continue. That pipeline gives Welspun One exposure to several different logistics property demands at once: port-led warehousing, regional distribution, urban replenishment, manufacturing support, and temperature-controlled healthcare infrastructure.
Neeraj Balani, Chief Customer Officer at Welspun One, said: “As occupiers consolidate towards developers who offer execution reliability and integrated solutions, we are well positioned to capture this demand across logistics, in-city distribution and port-led infrastructure. Our performance reflects the strength of our platform and our ability to deliver at scale – backed by a strong focus on quality, operational agility and transparency.”
The scale of the leasing target reflects a logistics property market that is becoming more specialised. Indian occupiers are no longer looking only for large sheds on cheap land. Retailers, manufacturers, 3PLs, and healthcare operators increasingly need buildings that can support automation, temperature control, high throughput, safe vehicle circulation, compliant handling, and predictable transport access.
Port-linked infrastructure is central to the plan. The Nhava Sheva FTWZ project places Welspun One close to one of India’s most important container gateways, where export, import, bonded warehousing, and value-added logistics requirements are expanding. With India’s freight networks already facing tighter conditions, including Nhava Sheva congestion and trailer availability pressure, more organised port-adjacent warehousing can help reduce the strain created when cargo growth runs ahead of inland logistics capacity.
The controlled-environment medical equipment facility points to the growing overlap between healthcare logistics and industrial real estate. Healthcare supply chains need reliable handling environments, chain-of-custody discipline, clean operating procedures, and transport connectivity. Those requirements are moving more demand into professionally managed logistics assets rather than improvised storage space.
India’s consumption geography is changing the specification as well. In-city and near-city distribution facilities are becoming more valuable as ecommerce, quick commerce, retail replenishment, and omnichannel networks push stock closer to customers. That creates tension with land costs and urban planning, but it also strengthens the case for multi-format developers able to combine large regional hubs with smaller distribution assets.
Welspun One’s leasing target is a measure of confidence in Indian logistics demand and a test of delivery discipline. Absorbing 10m sq ft of additional leasing will depend on tenant demand, infrastructure timing, construction performance, power availability, and the ability to keep buildings aligned with operational requirements. In a market where occupiers are consolidating towards fewer, better-capitalised providers, the winners will be developers that can deliver operationally credible space, not only headline capacity.
