TVS ILP to invest up to Rs 2,700 crore in warehousing, target 20 million sq ft by 2028
TVS ILP plans to deploy Rs 2,500–2,700 crore over the next three years, expanding its warehouse portfolio from about 12 million sq ft to nearly 20 million sq ft by 2028. Welspun One, Logicap Advisors and NDR InvIT are also adding capacity despite moderating yields.
The development
TVS ILP plans to commit about Rs 2,500–2,700 crore over the next three years to grow its portfolio from around 12 million sq ft to nearly 20 million sq ft by 2028. Welspun One, Logicap Advisors and NDR InvIT are also expanding warehouse capacity.
The numbers
- Rs 2,500–2,700 crore
- next three years
- 12 million sq ft
- 20 million sq ft
- 2028
Why it matters to operators and investors
TVS ILP’s planned Rs 2,500–2,700 crore warehouse buildout signals that operators should secure scalable, automation-ready logistics capacity as large platforms expand despite moderating yields.
What to watch next
- Quarterly net absorption, vacancy and effective-rent trends in key markets including Mumbai, NCR, Bengaluru, Chennai, Hyderabad and Pune.
- Pre-commitment levels and tenant concentration for TVS ILP's new projects.
- Changes in construction costs, land prices, borrowing costs and cap rates that affect project economics.
- E-commerce order growth, organized retail store additions and 3PL contract wins.
- Manufacturing and export investment in automotive, electronics, consumer goods and industrial corridors.