Welspun One Partners with JLL to Expand Logistics Footprint in Gurgaon with a New 22-Acre Acquisition

Welspun One, an integrated fund and development management platform, has partnered with JLL, a leading global real estate services firm, to acquire a 22-acre site along the Bilaspur-Tauru Road in the Gurgaon/NH-08 corridor. This strategic acquisition aims to expand Welspun One's logistics park footprint in India. JLL facilitated the transaction, which marks a significant milestone for Welspun One in the fast-growing Gurgaon/NH-08 corridor. As of H1 2024, this corridor boasts a total supply of 64 million sqft for Grade A & B spaces, making it the largest logistics sub-market in India, surpassing Bhiwandi in Mumbai. The region witnessed a gross absorption of 3.7 million sqft in H1 2024, nearly doubling the previous year's figure, underscoring the strong demand for warehousing in the area. Yogesh Shevade, Head of Logistics & Industrial, India, JLL, highlighted that the transaction involved a long lease of aggregated land