E-comm, q-comm major driver of demand in the country

Welspun One, the logistics and industrial property arm of Welspun group, recently said it plans to raise ₹4,000 crore to fund its expansion.

- Raghavendra Kamath

The platform plans to double its portfolio size from 16 million square feet to around 32 million square feet by 2028.

In an interview, Anshul Singhal, managing director, Welspun One, tells Raghavendra Kamath about the company's strategy and warehousing segment.

Excerpts:

Offtake from e-commerce has been low. Has it picked up?

E-commerce demand has been relatively low for the last 12-18 months but has begun to return, particularly with the expansion of quick commerce. We expect this to increase meaningfully through the course of this year. Over the past year, we have also seen an increased focus on last-mile logistics, driven by the rise of quick commerce and deeper urban penetration. Specialised warehousing, such as cold chain facilities and urban distribution centres, is in high demand as companies adapt to evolving consumer preferences. Interestingly, demand is spreading to tier 2, where e-commerce companies are expanding to ensure faster delivery and optimise supply chains.

What is your outlook for warehouse leasing in 2025?