Welspun One announces 110-acre logistic park in Bhiwandi, Maharashtra

With a leasable area of 3.2 million sqft and an estimated investment of Rs 900 crore, Welspun One Logistics Parks (WOLP) has launched its maiden 110 acre Grade A warehousing park in Bhiwandi, Maharastra. The company has also entered into an MoU with the State Government of Maharashtra under the ‘Magnetic Maharashtra Initiative’ for this project, which is in advanced stages of receiving necessary approvals under the Integrated Logistics Parks (ILP) policy of the state of Maharashtra; making it one the first of its kind fully compliant projects in Bhiwandi. This development will create an upwards of 2700 multi-level job opportunities.

Anshul Singhal, Managing Director, Welspun One says, “Our park in Bhiwandi is well suited to meet the requirements of a large number of end users including e-commerce, 3PL, FMCG/FMCD, modern retail, pharma and thus far has been very well received by large occupiers. We are also seeing significant interest from international and private equity investors, both at the project and overall platform level.”