Welspun One Plans Rs 4,000 Crore Fundraise and Launches WTC Thane for Logistics Growth
Welspun One, a leading player in India’s logistics and industrial real estate sector, has announced its ambitious plan to raise Rs 4,000 crores as part of its strategy to expand its portfolio from 16 million square feet to approximately 32 million square feet by 2028. This funding will help the company tap into the growing demand for logistics infrastructure, fuelled by India’s rapid urbanization, e-commerce growth, and evolving consumption patterns.
The company has already earmarked a pipeline of around 8 million square feet of assets, drawing significant interest from global investors. These investors are exploring financial and strategic partnerships at the General Partner (GP) level, broadening Welspun One’s investor base and establishing the company as a key gateway for international investors looking to capitalize on India’s logistics boom. Welspun One’s Fund 2, which raised Rs 2,275 crores, has already committed approximately 75% of its funds, showcasing strong investor confidence. The company has also returned 40% of capital from Fund 1 through two successful exits, two years ahead of the promised timeline, setting a new benchmark in the real estate fund industry.
Anshul Singhal, Managing Director of Welspun One, explained, “India’s explosive growth, driven by rapid urbanization, digitalization, and evolving global trade corridors, is fueling the demand for scalable infrastructure. Our platform, built over the past five years, is uniquely positioned to partner with global capital providers, offering them exposure to India’s dynamic growth story.”
In addition to raising capital, Welspun One is expanding its footprint with strategic ventures. One of the most notable projects is the launch of the World Trade Center (WTC) in Thane. In partnership with the World Trade Centers Association (WTCA), Welspun One will build India’s tallest Urban Distribution Center (UDC) in Wagle Estate, Thane. This Rs 800 crore ($103M) project will feature a mixed-use facility, combining retail, office, F&B, and experience centers under one roof, catering to the surging demand for just-in-time delivery and micro-fulfillment solutions in the Mumbai Metropolitan Region (MMR). Located strategically in Thane, which is emerging as a business hub due to its proximity to key highways and upcoming infrastructure projects like the Thane-Borivali and Goregaon-Mulund tunnels, the WTC Thane facility will offer unparalleled connectivity and serve as a critical hub for supply chain, retail distribution, and business operations. The facility, spanning 1 million square feet, will rise to 14 levels, with floor-to-floor heights ranging from 4.2 to 4.5 meters. It will be India’s first Grade A platinum-rated UDC, featuring cutting-edge logistics solutions such as advanced docking stations, wide driveways, and even drone delivery capabilities.
The facility will cater to 50% of Thane’s households within 30 minutes and service up to 10 million square feet of commercial space, making it a key player in the logistics ecosystem of the region. With three floors already pre-leased and an advanced pipeline approaching 35% occupancy, WTC Thane is already showing strong market interest, with rental rates expected to rise as construction progresses. Welspun One’s partnership with WTCA will further elevate the project’s status, positioning WTC Thane as a global trade epicenter that integrates retail, office, and logistics solutions. Robin van Puyenbroeck, Executive Director of Business Development at WTCA, emphasized, “Welspun One’s innovation and energy align with WTCA’s mission to drive economic growth through trade and innovation. WTC Thane will set a new benchmark for the domestic and global markets.” By spearheading this venture, Welspun One is not just building infrastructure but is shaping the future of India’s logistics and industrial real estate sector, meeting the evolving demands of global commerce, e-commerce, and supply chain management. The WTC Thane project is a testament to the company’s commitment to creating world-class, sustainable, and integrated infrastructure that will support businesses and fuel India’s economic growth for years to come.
