‘8 mn sq. ft. Grade A warehouses in tier 2, 3 markets’

Anshul Singhal, MD, WOLP said, “We have plans to develop Grade-A warehouse parks on land parcels in high demand that would be leased for an extended time to tenants with AAA credit ratings from industries such as e-commerce, FMCG, 3PL, pharma, and auto-ancillaries.” He added, “We have plans to extend our portfolio and have a budget of Rs 2,000 crore to build and lease a portfolio of 7-8 million square feet of grade-A warehouse space across India. We have targeted high-growth markets with the intention to negotiate with landowners in Mumbai, Pune, Bengaluru, Delhi, and Kolkata to acquire land parcels ranging from 40 to 75 acres. To serve as many pin codes as possible, we are concentrating on tier II cities such as Ludhiana, Ghaziabad, Indore, Siliguri, Guwahati, and Visakhapatnam. Our warehouse growth is focused on technology, guided by the 3S principle: smarter, faster, and sustainable. Lastly, we are contributing to a sustainable future by utilizing ecologically friendly alternatives when developing our logistics parks.”