Welspun raises Rs 300 cr in first warehousing AIF

16 Mar 2021 Editorial Team

Welspun One Logistics Parks (WOLP), an integrated fund, development and asset management platform, has raised upwards of Rs 300 crore from a set of investors comprising of domestic high-net-worth investors and family offices, towards the first close of its Alternative Investment Fund (AIF), Welspun One Logistics Parks Fund 1.

Launched early this year, it is India’s first warehousing AIF for domestic investors—key distributors of which are Sanctum Wealth Management, Edelweiss and InCred Wealth.

The amount raised is a part of its Rs 500 crore maiden fund which when fully raised, along with associated bank financing will enable Welspun One to develop Grade-A warehousing assets worth Rs 1,900 crore, including its flagship 2.7 million sq ft project in Bhiwandi which is currently underway. In total, the company expects to deliver a portfolio with an estimated leasable area of 7 to 8 million sq ft over the next three to four years in pre-identified markets such as Mumbai, Pune, Bengaluru, NCR, Chennai, Kolkata and Lucknow.

Welspun One’s investment strategy is focused on sourcing and developing feasible land parcels which suit institutional investors and get leased by valued occupiers, whilst maintaining compliance, safety and zero tolerance to regulatory lapses across the project lifecycle.

WOLP is backed by a global conglomerate, $2.7 billion Welspun Group, with businesses in line pipes, home textiles, infrastructure, steel, advanced textiles and flooring solutions.

Written from a company news release.

Image: Welspun One Logistics Park Bhiwandi project

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..