Welspun One Logistics Parks Raises ₹1,000 Crore in Just 4 Months for Warehousing Ventures

    Date:

    Share post:

    Welspun One Logistics Parks (WOLP), a comprehensive fund and development management platform with a focus on warehousing and commercial real estate, has successfully raised over ₹1,000 crore through its second Alternative Investment Fund (AIF), known as WOLP Fund 2, in just four months since its launch. This rapid fundraising underscores robust investor confidence in India’s warehousing and commercial sector prospects. Following the implementation of the Goods & Services Tax (GST) and the surge of e-commerce, the logistics and warehousing industry in India is on the path toward transformative growth, driven by escalating demand for new warehousing facilities.

    The cumulative supply within India’s warehousing and commercial sector is projected to hit 516 million square feet by 2026, compared to 344 million square feet in H1 2023. Around 15 million square feet of unused inventory were added between January and June this year, with Delhi-NCR, Mumbai, and Bengaluru accounting for the largest share of this expansion, according to data from JLL India. Net absorption or unused rentals during H1 2023 amounted to 15 million square feet across India’s eight major cities. In terms of warehousing demand, Mumbai, Pune, and Delhi-NCR emerged as the top three locations driving demand during this period.

    “The logistics and industrial sector have displayed resilience in the post-pandemic scenario. We expect that momentum will build in logistics and industrial leasing during the latter half of this year, potentially leading to an upward trend in rental rates in select markets in the near future,” noted Yogesh Shevade, Head of Logistics & Industrial, India, at JLL.

    The surge in demand is playing a pivotal role in driving investments into the warehousing sector. In the previous year, Singapore’s sovereign wealth fund GIC and Asia-Pacific-focused real estate services and investment firm ESR Group established a strategic collaboration, forming a $600 million joint venture aimed at acquiring core commercial and logistics properties in revenue-generating India. IndoSpace, a developer of industrial real estate and logistics parks backed by the Everstone Group, has outlined plans to invest over $1 billion in acquiring underutilized warehousing and logistics properties throughout India within the next two to three years.

    Also read: Bengaluru, Pune, and Mumbai Witness Surging Demand for Warehouses in Q2 2023, while Delhi-NCR and Chennai Experience a Drop

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    5 Factors That Make Property Selling Easy with the Help of a Strategic Partner

    Written By - Nitin Gupta: Founder and Managing Director, Maestro Realtek Are you looking to sell your property quickly...

    Warning Issued by MahaRERA: 212 Housing Projects Launched After Jan 2023 Under Scrutiny

    The Maharashtra Real Estate Regulatory Authority (MahaRERA) has expressed concerns about more than 212 housing projects launched between...

    What’s Behind the Surge in Home Sales in Chennai?

    By Rohan Patil Chennai's homebuyers are on a buying spree, with approximately 10,300 homes sold in the city during...

    Luxury Housing Project Set to Launch in Noida Amid High Demand; 160 Flats Available in First Phase

    Noida, the neighboring city of Delhi, is gearing up for the introduction of a luxury housing unit, addressing...