Real estate veteran Anshul Singhal has launched Vantrock Real Assets Private Limited (VRAPL), an operator-led platform focused on warehousing, industrial and logistics parks, with a planned development portfolio of 11.5 million sq ft and a gross development value (GDV) of approximately Rs. 4,200 crore.
The Mumbai-headquartered company will initially develop around 3 million sq ft across the National Capital Region (NCR), Bengaluru and Pune, with an estimated GDV of Rs. 1,100 crore. Construction is scheduled to begin in 2027, with rental income expected from 2028. Land acquisition and project approvals for these developments are at various stages of negotiation, documentation and regulatory clearances.
The remaining 8.5 million sq ft is planned across the same markets and the Mumbai Metropolitan Region (MMR), with projects expected to be operationalised in phases over the next 12 to 18 months.
Vantrock plans to focus on infill locations within established industrial and warehousing corridors, targeting land parcels of 15 to 60 acres with development potential ranging from 0.4 million to 1.5 million sq ft. Its proposed portfolio includes large-format warehouses, build-to-suit facilities, multi-storey warehouses, last-mile logistics centres, dark stores, cold-chain facilities, self-storage, industrial plots and workforce accommodation.
The company also plans to expand into other real estate and infrastructure segments, including global capability centres (GCCs), suburban office campuses, strata offices, data centres and infrastructure assets.
“Every good industrial and warehousing park in this country is full, and the new ones are being built an hour or more away from where the customer's business is. We are going the other way by acquiring the infill land that is left inside proven corridors, and the Grade-B sheds already standing there, refurbished to Grade-A standards,” said Anshul Singhal, Founder and CEO of Vantrock.
The company also intends to acquire existing Grade-B warehouses in established locations and upgrade them to Grade-A standards. The refurbishment process is expected to take six to 12 months, potentially reducing delivery timelines and costs compared with new construction.
Vantrock said the approach would allow occupiers to access upgraded warehousing facilities closer to demand while adding quality supply without requiring cities to invest in new land.
Shailesh V. Haribhakti, Chairman of Vantrock's board, said the company would prioritise safety, structural standards, lighting, ventilation and regulatory compliance while upgrading existing warehousing stock.
The company expects individual projects to move from land acquisition to revenue generation within 18 to 24 months of construction commencing. Funding is expected to come from a combination of equity, construction debt and, where appropriate, forward funding from institutional investors. Vantrock is also exploring joint ventures, joint development arrangements and long-term leasehold structures with landowners and capital partners.
The platform's initial market selection is based on a study and investment thesis prepared by CBRE, which identified high-value warehousing corridors near India's major cities.
According to CBRE Research, India is expected to face a shortfall of approximately 117 million sq ft of Grade-A warehousing space between 2026 and 2031, as demand from third-party logistics providers, e-commerce companies and manufacturing occupiers outpaces quality supply.
Rami Kaushal, Managing Director of Consulting and Valuation at CBRE India, said demand across key corridors near major cities was expected to continue outpacing the availability of quality warehousing space through the end of the decade.
