Welspun One Logistics Parks, a warehousing and industrial real estate developer, has acquired two land parcels totalling 107 acres in Bengaluru, expanding its South India presence to over 260 acres. The company purchased 51 acres in Hoskote and 56 acres in Devanahalli. These acquisitions raise its development potential to more than 6 million sq ft, supported by an investment of Rs 21.5 billion (USD 250 million), the company said in a release on 20 August.The Hoskote cluster will house a Proxima park, a Grade-A facility designed for third-party logistics (3PLs), fast-moving consumer goods (FMCG), and retail. The area is already home to Amazon, Flipkart, and DHL and is supported by the Satellite Town Ring Road and the Bengaluru–Chennai Expressway.The Devanahalli parcel will be the site of the first Proxima Plus park, Welspun One’s premium warehousing category. Located close to the Airport City and the proposed Multi-Modal Logistics Park (MMLP), it will provide multimodal connectivity and access to northern, eastern, and central Bengaluru within an hour. Proxima Plus is aimed at industries such as electronics, aerospace, electric vehicles, and pharmaceuticals, offering plug-and-play features, advanced design, and technology-enabled infrastructure.With warehousing demand in India expected to grow by 15 per cent annually, Welspun One said it is positioning itself to deliver scalable solutions in supply-constrained markets. Each park will integrate ESG compliance, Internet of Things (IoT)-based parking, solar-ready roofing, EV charging stations, rest areas, and facilities for women, including crèches and skill development centres.Welspun Group chairman Balkrishan Goenka said the company’s South India expansion reflects the Group’s vision to build “future-facing businesses that power India’s infrastructure story.” He added, “As a Group, we’re proud to back businesses that drive innovation, create employment, and add economic value to the regions we serve.”Welspun One aims to build a 20–25 million sq ft portfolio with assets under management of USD 2.5 billion by 2028, with South India as a major focus.Image Source:https://www.amsc-usa.com