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The Indian industrial and logistics sector has continued to attract significant capital, with a new investment initiative underscoring the growing confidence in this segment. KSH INFRA, a developer known for its sustainable Grade A industrial parks, has entered into a joint venture with WSB Real Estate Partners (WSB) and co-investors to develop a large-scale facility in Bengaluru’s Hosur region.
The partnership has announced a total investment of Rs. 450 crore for the development of KSH Hosur Park I, a 50-acre industrial and logistics park launched last year. Of the overall capital commitment, Rs. 180 crore will be in the form of equity, while the remainder will be secured as construction funding through banks. Once completed, the park will offer 1.25 million square feet of modern space and is expected to generate employment opportunities for over 1,800 people.
A clear alignment of interests
The structure of the joint venture reflects careful planning and alignment of roles. WSB, along with co-investors, will hold a 74% stake, while KSH INFRA will retain 26%. Under this arrangement, WSB will function as the financial investor, while KSH INFRA will serve as the development partner, responsible for execution. Both organisations have highlighted that this partnership is not a one-off exercise, but rather the beginning of a broader strategic association. Plans are already underway to explore future investment opportunities in both brownfield and greenfield projects.
Speaking on the occasion, Sundaresan Vaidyanthan, Chief Executive Officer of KSH INFRA, noted that the collaboration is founded upon the principle of aligned interests. “Our HoldCo–PropCo–OpCo structure, combined with a consistent record of delivery, makes us a dependable partner. With WSB’s support from marquee investors, this venture is well-positioned to scale quickly and generate long-term value,” he remarked.
Vinit Prabhugaonkar, Managing Partner at WSB, underlined the rationale behind the alliance. “We see immense potential in India’s industrial and logistics real estate sector. In KSH INFRA, we found a pan-India partner with strong systems and compliance processes. With their professional team fully incentivised within the deal structure, we are confident of delivering superior returns for our investors,” he said.
A growing presence in logistics real estate
For KSH INFRA, the Hosur development is a continuation of its expanding footprint in the industrial and logistics segment. The company currently operates six parks across India and has already demonstrated its capacity through three successful project exits at Chakan I, Chakan II, and Talegaon. To date, KSH has delivered nearly 4 million square feet in Chakan, Pune, with an additional 3 million square feet under development in Bengaluru and Chennai. Looking ahead, it has set its sights on achieving 10 million square feet of new growth across Mumbai, Pune, Bengaluru, and Chennai by FY 2030.
WSB, previously known as Walton Street India, brings deep experience as an investor. Founded by the former India team of Walton Street Capital—Kaushik Desai, Vinit Prabhugaonkar, and Vimal Jangla—together with the Blacksoil Group, WSB has been active in Indian real estate since 2013. Over this period, it has committed close to ?4,000 crore across more than 70 transactions in six major cities. The firm has managed more than 100 projects, achieving exits in over 70 percent of them, which has built a strong reputation for disciplined investment practices.
Industry context
The industrial and logistics sector has been repeatedly identified as one of India’s “sunrise” industries, driven by structural reforms, growing e-commerce, and the need for efficient supply chains. With multinational companies setting up larger bases in India and domestic enterprises scaling their operations, demand for high-quality warehousing and logistics facilities has increased considerably. This has attracted the attention of both private equity firms and high-net-worth investors seeking to participate in a sector with stable rental yields and long-term growth potential.
By combining KSH INFRA’s expertise in building sustainable, Grade A developments with WSB’s investment management capabilities, the new Hosur park seeks to address this demand. Its scale, design, and employment potential also make it a project of significance to the Bengaluru region, which is rapidly emerging as a hub for industrial growth.
Both partners have expressed optimism about the future of their collaboration. The Hosur project is seen not only as a single development but also as the foundation for a wider partnership. With the sector gaining momentum, the venture positions itself to play an active role in shaping the next phase of India’s industrial and logistics infrastructure.
As investments of this scale gather pace, the industry appears poised for transformation. Projects like KSH Hosur Park I stand as markers of this change—large, sustainable, and well-funded facilities designed to serve the evolving needs of businesses and communities alike.
