Mumbai, India, July 6, 2020- Welspun
One’s maiden project is located on a prime, irreplaceable and contiguous land
parcel with clear legal title, fully owned by the Welspun Group promoters. The 110
acre project in Bhiwandi entails an estimated investment of INR 900 CR (USD 120
MN) and has a potential leasable area of approximately 3.2 MM SFT. The project
is slated to be one of India’s first logistics parks to be developed by a
global conglomerate– the Welspun Group; providing customers with the ease of
operating, expandability and similar one-stakeholder advantages.
One’s maiden project is located on a prime, irreplaceable and contiguous land
parcel with clear legal title, fully owned by the Welspun Group promoters. The 110
acre project in Bhiwandi entails an estimated investment of INR 900 CR (USD 120
MN) and has a potential leasable area of approximately 3.2 MM SFT. The project
is slated to be one of India’s first logistics parks to be developed by a
global conglomerate– the Welspun Group; providing customers with the ease of
operating, expandability and similar one-stakeholder advantages.
Welspun One has also entered into an MoU
with the State Government of Maharashtra under the Magnetic Maharashtra
Initiative for this project, which is in advanced stages of receiving necessary
approvals under the Integrated Logistics Parks (ILP) policy of the State of
Maharashtra; making it one the first of its kind fully compliant projects in
Bhiwandi. This development will create an upwards of 2700 multi-level job
opportunities.
with the State Government of Maharashtra under the Magnetic Maharashtra
Initiative for this project, which is in advanced stages of receiving necessary
approvals under the Integrated Logistics Parks (ILP) policy of the State of
Maharashtra; making it one the first of its kind fully compliant projects in
Bhiwandi. This development will create an upwards of 2700 multi-level job
opportunities.
Designed to global standards and Green
Building Certification requirements, the project is positioned to become a key
asset in the hub of Mumbai’s warehousing market. By pioneering innovative
infrastructure and embracing best-in-class norms, this development is acclaimed
to be one of India’s first logistics parks that is equipped for COVID-19 and
other such events that could affect park operations. With pre-construction
planning and design already in place, the park will be operational by Q4 of
2021.
Building Certification requirements, the project is positioned to become a key
asset in the hub of Mumbai’s warehousing market. By pioneering innovative
infrastructure and embracing best-in-class norms, this development is acclaimed
to be one of India’s first logistics parks that is equipped for COVID-19 and
other such events that could affect park operations. With pre-construction
planning and design already in place, the park will be operational by Q4 of
2021.
“We are very excited to announce our
marquee project in Bhiwandi, which has an excellent demand-supply dynamics due
to robust demand, limited supply and low vacancy. Our 110 acre warehousing
development project will be a prime addition to the area. This development has
further cemented our focus in the warehousing sector. We are optimistic and
view this as one of the only asset classes, especially in the current context,
which provides both attractive development returns and stable long-term
yields.” mentions B.K. Goenka, Chairman, Welspun Group.
marquee project in Bhiwandi, which has an excellent demand-supply dynamics due
to robust demand, limited supply and low vacancy. Our 110 acre warehousing
development project will be a prime addition to the area. This development has
further cemented our focus in the warehousing sector. We are optimistic and
view this as one of the only asset classes, especially in the current context,
which provides both attractive development returns and stable long-term
yields.” mentions B.K. Goenka, Chairman, Welspun Group.
Echoing the sentiment, Anshul Singhal,
Managing Director, Welspun One says, “We have a customer-first approach in
everything we do. Owing to our clear understanding of our customers’
dynamically evolving logistical needs, our park in Bhiwandi is well suited to
meet the requirements of a large number of end users including e-commerce, 3PL,
FMCG/FMCD, modern retail, pharma and thus far has been very well received by large
occupiers. We are also seeing significant interest from international and
private equity investors, both at the project and overall platform level; due
to the fact that we are launching our first project in a short span of time
since inception while parallelly building a robust team that can deliver Grade
A projects across India.”
Managing Director, Welspun One says, “We have a customer-first approach in
everything we do. Owing to our clear understanding of our customers’
dynamically evolving logistical needs, our park in Bhiwandi is well suited to
meet the requirements of a large number of end users including e-commerce, 3PL,
FMCG/FMCD, modern retail, pharma and thus far has been very well received by large
occupiers. We are also seeing significant interest from international and
private equity investors, both at the project and overall platform level; due
to the fact that we are launching our first project in a short span of time
since inception while parallelly building a robust team that can deliver Grade
A projects across India.”
The promoter’s equity obligations
towards the project have been met in the form of land, the market value of
which is estimated to be INR 350 CR. The
project is being developed in phases with the necessary financing already
tied-up in principal, alongside a construction loan which will be converted
into a “Lease Rental Discounting” (LRD) facility on completion of each phase.
towards the project have been met in the form of land, the market value of
which is estimated to be INR 350 CR. The
project is being developed in phases with the necessary financing already
tied-up in principal, alongside a construction loan which will be converted
into a “Lease Rental Discounting” (LRD) facility on completion of each phase.
Park features & facilities:
Strategically located in close proximity
to the key market of Mumbai Metropolitan Region (MMR)- India’s economic capital
and largest consumption centre which boasts of a population of approx. 26
million. Welspun One’s Bhiwandi project enjoys excellent connectivity to
Mumbai-Nashik National Highway (NH3), JNPT (Nhava Sheva) Port, Mumbai’s
International and Domestic Airport and is also in close vicinity of other major
production hubs such as Thane.
to the key market of Mumbai Metropolitan Region (MMR)- India’s economic capital
and largest consumption centre which boasts of a population of approx. 26
million. Welspun One’s Bhiwandi project enjoys excellent connectivity to
Mumbai-Nashik National Highway (NH3), JNPT (Nhava Sheva) Port, Mumbai’s
International and Domestic Airport and is also in close vicinity of other major
production hubs such as Thane.
The park lends itself to smaller,
independent and exclusive campuses within the larger facility. Each warehouse
has been designed to be both, modular and to accommodate varied customer
requirements. Designed by global logistics experts, the park’s traffic planning
maximizes throughput efficiency. Advanced features like park management and
maintenance on a tech-enabled platform, IoT driven traffic management system to
minimize travel distance and trucks with RIFD tags to predetermine directions
and docking will be integrated.
independent and exclusive campuses within the larger facility. Each warehouse
has been designed to be both, modular and to accommodate varied customer
requirements. Designed by global logistics experts, the park’s traffic planning
maximizes throughput efficiency. Advanced features like park management and
maintenance on a tech-enabled platform, IoT driven traffic management system to
minimize travel distance and trucks with RIFD tags to predetermine directions
and docking will be integrated.
Additionally, there will be provisions
for various utility services like a healthcare centre, 24/7 surveillance, fire
prevention and firefighting equipment, resting areas for drivers, LED lighting,
low-maintenance roof with skylight and ample parking space for heavy as well as
personal vehicles.
for various utility services like a healthcare centre, 24/7 surveillance, fire
prevention and firefighting equipment, resting areas for drivers, LED lighting,
low-maintenance roof with skylight and ample parking space for heavy as well as
personal vehicles.
The park will also be built on key
sustainability features such as solar panels for common facilities to provide
tenants with an alternative source of power, landscape strategies to minimize
water consumption, rainwater harvesting systems, electrically operated doors
and a sewage treatment plant of suitable capacity.
sustainability features such as solar panels for common facilities to provide
tenants with an alternative source of power, landscape strategies to minimize
water consumption, rainwater harvesting systems, electrically operated doors
and a sewage treatment plant of suitable capacity.
Other COVID-19 ready park features
include contactless verification for entry/exit of people and vehicles,
mandatory health declaration on an app, ultraviolet disinfection, and other
automated safety and hygiene checks. The park will rely on software, sensors
and digital interfaces to streamline compliances. Welspun One is also building
the necessary infrastructure to support a digitized world while embracing a
human-centric approach.
include contactless verification for entry/exit of people and vehicles,
mandatory health declaration on an app, ultraviolet disinfection, and other
automated safety and hygiene checks. The park will rely on software, sensors
and digital interfaces to streamline compliances. Welspun One is also building
the necessary infrastructure to support a digitized world while embracing a
human-centric approach.
