Welspun One Secures Major Lease Agreement with Indev Infra at JNPA SEZ

Welspun One has marked a significant milestone in India’s logistics and warehousing sector by leasing 2.1 lakh sq ft of Grade A+ space to Indev Infra at its flagship WTC Nhava Sheva project. Located within the Jawaharlal Nehru Port Authority Special Economic Zone, the development highlights the growing demand for integrated, port-linked logistics infrastructure.

The ₹2,700 crore WTC Nhava Sheva project is one of Welspun One’s largest developments in the country. Spread across 55 acres with a development potential of 4.45 million sq ft, the project is designed as a next-generation logistics ecosystem that combines warehousing, trade and value-added services under one roof. This latest lease agreement reinforces the project’s positioning as a key hub for export-import driven businesses.

Indev Infra will utilize the facility to expand its Free Trade Warehousing Zone capabilities. The company plans to offer a comprehensive range of services including temperature-controlled storage, vendor-managed inventory and specialized handling of EXIM cargo. The location within the SEZ provides operational advantages such as duty benefits, faster clearances and improved efficiency for global trade operations.

The strategic importance of the project is further enhanced by its proximity to JNPA, which handles a substantial share of India’s container traffic and continues to expand capacity. This makes the site highly attractive for companies looking to streamline supply chains and reduce turnaround times.

Industry experts see this development as a reflection of a broader shift toward integrated logistics parks that support large-scale manufacturing and trade. With increasing focus on infrastructure-led growth and supply chain efficiency, such projects are expected to play a crucial role in India’s economic expansion.

Welspun One’s partnership with Indev Infra not only strengthens its leasing momentum but also underscores the rising investor and occupier confidence in high-quality logistics assets across India.