Welspun One is set to redefine urban last-mile delivery with the introduction of its Grade-A, in-city warehousing anchored mixed-use development in Thane (MMR). This marks the first deployment of Welspun One Logistics Parks Fund 2, a category II AIF vehicle which has secured commitments of INR 1500 Cr. out of a target raise of INR 2000 Cr. to date. The in-city facility is expected to bridge the gap between escalating demand from the booming e-commerce, quick commerce and rapid-delivery-services sectors and the availability of good quality logistics infrastructure located in close proximity to existing and upcoming residential and commercial hubs. Not only is there a dearth of existing options, but existing options are also typically unorganized, make-shift, inefficient and often non-compliant. There is a significant demand for purpose-built facilities which enable high throughput, efficient operations, and are also in compliance with building code and safety norms. As per research estimates, the in-city warehousing demand pan-India is expected to exceed 90 million square feet over the next 4-5 years.