Welspun One Logistics Parks (WOLP), the warehousing and industrial real estate arm of the Welspun Group, has stepped up its South India expansion with the acquisition of 107 acres in Bengaluru.

Spread across Hoskote and Devanahalli, the land parcels will support over 6 million sq. ft. of warehousing development potential with an investment commitment of $250 million (₹2,150 crore), strengthening the company’s logistics footprint in the region.

In East Bengaluru’s Hoskote cluster, the 51-acre project will house a Proxima category park, catering to 3PLs, FMCG, and retail players. The location is well-connected to the upcoming Satellite Town Ring Road (STRR) and Bengaluru–Chennai Expressway, with proximity to Whitefield, KR Puram, Sarjapur, and Varthur.

The Devanahalli acquisition, spanning 56 acres, will see the development of Proxima Plus, a premium warehousing park designed for high-value sectors such as aerospace, EV, electronics, and pharma. The Yelahanka–Devanahalli cluster is projected to face a 2.4 million sq. ft. demand-supply gap by FY29, it said.

Anshul Singhal, Managing Director of Welspun One, said the acquisitions were part of the company’s strategy to enter high-potential corridors before they go mainstream.

“These acquisitions are more than just land transactions. They represent our commitment to building the backbone of South India’s new-age supply chains. From North Chennai to Bengaluru, we’ve identified and invested in the right micro-markets early, and with Proxima and Proxima Plus, we are offering scalable, future-ready solutions,” he said.

Welspun Group’s chairman Balkrishan Goenka said that the expansion underscored the Group’s larger vision. “The Bengaluru market holds immense promise, and these investments demonstrate our conviction and capability. As a Group, we are backing businesses that drive innovation, create employment, and add economic value,” he said.