Welspun One and WTCA Sign Rs 8 Bn Urban Warehousing Deal in Thane
WAREHOUSING & LOGISTICS

Welspun One and WTCA Sign Rs 8 Bn Urban Warehousing Deal in Thane

Logistics and industrial real estate manager Welspun One has entered into a strategic partnership with the World Trade Centers Association (WTCA) to develop a 1 million sq ft warehousing facility in Thane, near Mumbai, with an investment of over Rs 8 billion. This facility will cater to urban distribution and will be India’s first mixed-use centre, combining an Urban Distribution Centre (UDC), retail, office spaces, food & beverage outlets, and an experience centre in a single project located in Thane’s Wagle Estate locality.

Welspun One is investing in the development of India’s tallest grade-A mixed-use urban distribution centre, while the WTCA will contribute through technological innovation and brand support. The project is designed to address the growing demand for just-in-time delivery and micro-fulfillment centres within the Mumbai Metropolitan Region (MMR).

Anshul Singhal, Managing Director of Welspun One, stated that consumer behaviour is evolving quickly, with the expansion of quick commerce into sectors beyond groceries, such as electronics and apparel, driving the demand for modern warehousing solutions. He added that with WTC Thane, they aim to set a new standard for integrated and sustainable urban logistics, enabling businesses to stay ahead in supply chain dynamics.

The property will feature 14 levels, with floor-to-floor heights ranging from 4.2 to 4.5 meters. Three of these floors have already been pre-leased, and 35% of the leasing pipeline is advanced. The lower levels will accommodate retail and food & beverage outlets, while the upper levels will offer Grade A office spaces and experience centres.

According to Welspun One, businesses operating at WTC Thane will be able to serve 50% of the city’s households within 30 minutes and cover up to nearly 10 million sq ft of commercial space, making it a key hub for supply chain, retail distribution, and business parks.

Welspun One, the warehousing platform of the $5 billion conglomerate Welspun World, recently announced plans to invest over Rs 27 billion to develop India’s largest single-location grade A warehousing and industrial park. This project will be located on 55 acre within the Jawaharlal Nehru Port Authority (JNPA) special economic zone (SEZ) in Navi Mumbai.

Logistics and industrial real estate manager Welspun One has entered into a strategic partnership with the World Trade Centers Association (WTCA) to develop a 1 million sq ft warehousing facility in Thane, near Mumbai, with an investment of over Rs 8 billion. This facility will cater to urban distribution and will be India’s first mixed-use centre, combining an Urban Distribution Centre (UDC), retail, office spaces, food & beverage outlets, and an experience centre in a single project located in Thane’s Wagle Estate locality.Welspun One is investing in the development of India’s tallest grade-A mixed-use urban distribution centre, while the WTCA will contribute through technological innovation and brand support. The project is designed to address the growing demand for just-in-time delivery and micro-fulfillment centres within the Mumbai Metropolitan Region (MMR).Anshul Singhal, Managing Director of Welspun One, stated that consumer behaviour is evolving quickly, with the expansion of quick commerce into sectors beyond groceries, such as electronics and apparel, driving the demand for modern warehousing solutions. He added that with WTC Thane, they aim to set a new standard for integrated and sustainable urban logistics, enabling businesses to stay ahead in supply chain dynamics.The property will feature 14 levels, with floor-to-floor heights ranging from 4.2 to 4.5 meters. Three of these floors have already been pre-leased, and 35% of the leasing pipeline is advanced. The lower levels will accommodate retail and food & beverage outlets, while the upper levels will offer Grade A office spaces and experience centres.According to Welspun One, businesses operating at WTC Thane will be able to serve 50% of the city’s households within 30 minutes and cover up to nearly 10 million sq ft of commercial space, making it a key hub for supply chain, retail distribution, and business parks.Welspun One, the warehousing platform of the $5 billion conglomerate Welspun World, recently announced plans to invest over Rs 27 billion to develop India’s largest single-location grade A warehousing and industrial park. This project will be located on 55 acre within the Jawaharlal Nehru Port Authority (JNPA) special economic zone (SEZ) in Navi Mumbai.

Next Story
Technology

We’re building robots that flow, not just move

Founded in 2021, Flo Mobility is reimagining construction automation with vision-AI robots designed for seamless movement through complex sites. In conversation with CW, Manesh Jain, Founder & CEO, discusses the company’s origin, its LiDAR-free tech stack, and expansion plans in the Middle East and US.What inspired the name Flo Mobility? Why ‘Flo’ and not ‘Flow’?When we started the company in 2021, our focus was on building autonomous navigation systems for robots. Since our work centred around robot movement, ‘mobility’ naturally became part of the name. We wanted to co..

Next Story
Real Estate

We’re committed to setting benchmarks in sustainable luxury living

From a landmark land acquisition in Boisar to ambitious launches across the Mumbai Metropolitan Region (MMR), National Capital Region (NCR), Bengaluru and Pune, Birla Estates is driving future-ready growth with a strong focus on sustainability, partnerships and premium living, firmly anchored in its LifeDesigned® philosophy. K T Jithendran, Managing Director & CEO, outlines the company’s premium, sustainable growth playbook in conversation with PRATAP PADODE, Editor-in-Chief, CW. Excerpts:Birla Estates recently acquired a 70.92-acre land parcel in Boisar, Maharashtra, for..

Next Story
Infrastructure Urban

Mumbai’s land crunch and ageing homes call for structured renewal

Founded in 2022, Etonhurst Capital Partners is a real-estate fund management platform focused on the Indian market. As the firm achieves the first close of Rs 1.8 billion for its debut Rs 5 billion fund, Bamasish Paul, Co-founder, Managing Partner & CEO, discusses its sharp focus on redevelopment-driven value creation in Mumbai’s urban core with CW. Excerpts:Etonhurst Capital has achieved a significant milestone with the first close of Rs 1.8 billion for its Rs 5 billion fund. What factors contributed to this early success and how do you plan to attract further investments to r..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?