Welspun One to Complete WTC Thane Commercial Project by Year-End with Over ₹1,000 Crore Investment

Real asset platform Welspun One has announced plans to complete the World Trade Center (WTC) Thane project by the end of this year. The commercial development entails an investment of over ₹1,000 crore, which includes capital deployed by tenants toward their respective spaces.

Spanning 1.2 million square feet, WTC Thane is designed as an integrated urban destination. The project combines Grade A offices, experience centres, food and beverage (F&B) outlets, and Urban Distribution Centres (UDCs) within a single asset. According to the company, the development can accommodate large corporate offices alongside over 50 brands across retail experience centres and F&B.

As a licensee of the World Trade Center brand, the property will offer occupiers access to WTC membership benefits. This includes networking opportunities within the broader WTCA global business network, which spans over 300 World Trade Centre properties across nearly 100 countries.

Neeraj Balani, Chief Customer Officer at Welspun One, stated that the project is envisioned as an integrated urban commercial destination combining workplaces, experience-led retail, and urban logistics. He noted that the development is aimed at setting a new benchmark for commercial spaces in urban markets like Thane.

Early leasing activity includes space booked by the Aditya Birla Group for its vault operations, as well as the Welspun Group. The company indicated that further occupier announcements will follow as leasing paperwork progresses. Currently, the project is 30 per cent leased, with an additional offer to lease covering more than 20 per cent of the area. Upon operational readiness, the development is expected to support approximately 5,000 employees across its tenant ecosystem.

"The integration of diverse commercial requirements—such as Grade A offices, retail, and urban logistics within a single asset—reflects a modern shift in real estate development. For businesses, large-scale projects offering global network benefits and localized distribution capabilities can streamline operations while supporting urban employment growth. Tracking the leasing velocity and tenant retention in such mixed-use developments will provide a clear picture of demand trends in suburban commercial hubs." — Dr. Shishir Gupta, Founder & CEO, StartupLanes