Welspun One, the integrated fund and development management platform, announced its plan to establish an in-city warehousing facility in Thane, with an investment of approximately INR 600 Crore on Wednesday, September 6.
The facility will be strategically positioned in close proximity to the prime eastern suburbs of Thane, Mulund and the eastern express highway. The project will incorporate dedicated docks, dust-free parking bays, and vertical transportation facilities.
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As per research estimates, there is an anticipated nationwide demand for in-city warehousing that will surpass 90 Million-SqFt in the next 4-5 years.
The purpose-built facility has the capacity to cater to tenants across various industries and applications, including warehousing, logistics, e-commerce, rapid delivery, grocery, pharmaceuticals, cold storage, as well as quasi-industrial purposes like cloud kitchens, service centers, and R&D/medical lab facilities, among others.
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Disclaimer: The information contained herein has been compiled or arrived at, based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. The image featured in this article is for representation purposes only and does not in any way represent the project. If you wish the article to be removed or edited, please email editor@biltrax.com.
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