by THO
New-age logistics and industrial real estate manager Welspun has entered into a strategic agreement with the World Trade Centers Association (WTCA) to bring the World Trade Center (WTC) to Thane. Welspun One will build the country’s tallest grade A mixed-use urban distribution centre, investing ₹800 crore in the micro market.
As a licensee of the iconic World Trade Center (WTC) brand, Welspun One will build India’s first-of-its-kind mixed-use facility integrating an Urban Distribution Center (UDC), retail, office, F&B, and experience centre under one roof, the company said.
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With an estimated investment of ₹800 crore, the project will be India’s first and tallest Grade A platinum-rated UDC, addressing the surging demand for just-in-time delivery and micro fulfilment centres within the Mumbai Metropolitan Region (MMR), it said.
The location and the total area
The property will span 1 million sq. ft. and rise to 14 levels, with 4.2 – 4.5 metre floor-to-floor height. The lower floors will house retail and F&B outlets, and the upper levels will offer Grade A office spaces and experience centres. The company said the adjacent UDC will have a 1.0 ton per square meter floor loading capacity.
The company said current rentals start upwards of ₹135 per sq. ft. for warehousing and ₹145 per sq. ft. for office spaces, with rents expected to rise as construction progresses.
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Located in Wagle Estate, an upscale trade and business hub of Thane, the facility will capitalize on the city’s rapid economic growth and prime location.
Thane has emerged as a focal point for development within the MMR, thanks to its proximity to the Eastern and Western Express Highway. Upcoming infrastructure projects like the Thane-Borivali and Goregaon-Mulund tunnels will enhance the city’s connectivity further.
It said businesses at WTC Thane will be able to serve 50% of Thane’s households in under 30 minutes and up to around 10 million sq. ft. of commercial spaces, making it a pivotal supply chain, retail distribution, and business park hub.
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WTCA has over 300 iconic properties across nearly 100 countries.
