Welspun One has been allotted a 46-acre land parcel in Talegaon on the outskirts of Pune in an industrial park operated by the Maharashtra Industrial Development Corporation (MIDC), the warehousing and asset management firm said on December 10.
Welspun One plans to spend around Rs 550 crore to develop the land into a 1.2 million square feet-sized Grade-A logistics park.
The land, located in the heavily-industrial Talegaon-Chakan belt, will enable the use of the logistics space as a first-mile facility industries such as automobiles, engineering, auto ancillary and other manufacturing facilities as well as consumer goods, e-commerce, and third-party logistics players.
"This acquisition is a decisive move in our long-term vision to build future-ready, institutional-grade infrastructure across India’s key industrial zones," Welspun One managing director Anshul Singhal said.
As a first-mile asset, the park would be a high-throughput, high-compliance facility enabling efficient regional distribution, he added.
Pune continues to be one of the most sought-after markets for logistics space due to its large industrial belt and catchment area.
The Pune market recorded a warehouse leasing of 7.4 million square feet in 2025 (year-to-date), an increase of 10 percent from year-ago period, Welspun One said.
Pune Ring Road, expansion of the Pune-Nashik highway and other infrastructure projects are also drawing more players to the area.
"Welspun One’s continued expansion across India’s key logistics corridors reflects our deep conviction in the country’s growth story and the rising demand for high-quality, compliant infrastructure," Welspun Group chairman Balkrishan Goenka said.
This year, Welspun One tied up two land parcels near Bengaluru, at Hoskote and Devanahalli. It also signed a licensing agreement with the World Trade Centers Association (WTCA) for two World Trade Center-branded projects at Wagle Estate, Thane, and at Nhava Sheva in Navi Mumbai.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
