Real Estate

Real Estate Transactions

Welspun One Logistics Parks acquires two land parcels in UP, Haryana

Economic Times  

Welspun One Logistics Parks, a development and asset management platform backed by the Welspun Group, has entered the northern India real estate market with the acquisition of two land parcels in Lucknow, Uttar Pradesh, and Farrukhnagar in Haryana. The proposed development, with an investment of INR 180 crore, will be executed under Welspun One's first alternative investment fund, Welspun One Logistics Parks Fund I, launched earlier this year. With a gross leasable area aggregating to 700,000-800,000 sq ft, the projects will be rented to blue-chip tenants from sectors such as e-commerce, third-party logistics and fast-moving consumer goods.