Welspun One, an integrated fund and development management platform, has acquired a 22-acre land parcel close to the NH-8 corridor near Gurugram, the company said.

This transaction facilitated by JLL, a global real estate services firm, represents a “significant milestone” in Welspun One's strategy to expand its logistics park footprint in India.

Welspun One plans to Invest Rs 125 crore to enhance logistics infrastructure in the region and also create 1,500 jobs. The 22-acre land parcel sits along the Bilaspur-Tauru road near Gurugram, the company said.

"This acquisition marks a significant step in expanding our footprint in one of India's vital logistics corridors. By leveraging this prime location, we aim to create a cutting-edge logistics hub that will not only support our tenants' operational efficiencies but also contribute to India's broader economic growth," Anshul Singhal, managing director of Welspun One, said.

According to JLL, the NH-8 corridor in Gurugram boasts of a total supply of 64 million square feet (msf) for Grade A and Grade B spaces as of H1 2024, positioning it as the largest logistics sub-market in India, followed by Bhiwandi in Mumbai.