WOLP expands warehousing footprint in South India, acquires land

Welspun One Logistics Parks (WOLP) has announced the acquisition of 51 acres of land parcel in Hoskote and 56 acres of land in Devanahalli. With these acquisitions Welspun has further strengthened its presence in South India reflecting its confidence in the long-term fundamentals of the region. The two new projects mark a significant expansion of Welspun One’s pan-South India footprint, taking its regional land bank to 260+ acres across Karnataka and Tamil Nadu. This portfolio represents a development potential of 6 million+ sq. ft., supported by a committed investment of $250 million (INR 2,150 crore). The company’s strategy has focused on early entry into high-potential logistics corridors, long before they become mainstream, evident in its pioneering moves across North Chennai and Bengaluru’s Bagalur, and now Devanahalli and Hoskote. These acquisitions will enhance Welspun One’s warehousing capabilities, creating scalable hubs to serve diverse occupiers across multiple industries. In East Bengaluru’s Hoskote cluster, Welspun One has acquired 51 acres for its Proxima category park, a Grade-A warehousing facility built to serve 3PLs, FMCG, and retail players. The micro-market already hosts major occupiers like Amazon, Flipkart, and DHL, and is poised for exponential growth with the upcoming Satellite Town Ring Road (STRR) and Bengaluru-Chennai Expressway within close reach. With excellent connectivity to SH-95, NH-75, and proximity to Whitefield, KR Puram, Sarjapur, and Varthur, the site offers quick access to high-consumption zones in East Bengaluru. The Hoskote-Soukya cluster currently houses over 7 million sq. ft. of Grade-A warehousing stock, with an estimated shortfall of 1.6 million sq. ft. by FY26–27, indicating sustained occupier demand.