Anshul Singhal, a real estate veteran with over two decades spent building institutional platforms, has launched Vantrock Real Assets Private Limited (VRAPL), an operator-led real assets platform focused initially on warehousing, industrial and logistics parksThe Mumbai-headquartered platform plans to foray into the development of approx 11.5 million sqft., representing a gross development value (GDV) of approx INR 4,200 crore (approx USD 434 million) on completion.
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Anshul Singhal, Founder & CEO, Vantrock
Of the INR 4200 crore development plan, the first approx 3 million sqft., valued at approx INR 1,100 crore (approx USD 113 million), will be located across the National Capital Region (NCR), Bengaluru and PuneThe construction starts in 2027, with the first rental income targeted 2028 onwardsLand for these projects is at the advanced stages of negotiation, documentation, and/or regulatory approvalsThe rest of the plan consisting of ~8.5 million sqftsits across the same markets, in addition to the Mumbai Metropolitan Region (MMR), and to be operationalised in phases over the next 12 to 18 months.
The company is setting its footprint in strategic infill locations ideal for the construction of Grade-A warehousing and industrial parksThese strategic infill locations have land parcels of approx 15-60 acres with development potential ranging from 0.4 to 1.5 million sqftVantrock’s first strategy covers the whole chain, from port to doorstep: big-box and build-to-suit, multi-storey, last-mile, dark stores, self-storage, cold chain, industrial plots, workforce accommodation and mixed-use, wherever the location demands to have office and/or retail along with the warehouse. The company plans to expand into other real asset categories in the subsequent phases, including global capability centres (GCC’s), suburban office campuses, strata offices, data centres and infrastructure assets, each as its own strategy, sequenced as part of their expansion plans.
”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 isWe 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 standardsThese infill locations are slower and harder to assemble but bring in better value to our customersWe have done the assembling and our first 3 million sqftconstruction starts in 2027,” says Anshul Singhal, Founder & CEO, Vantrock.
”Much of India’s warehousing was built before anyone asked whether it was safe to work inAs a result, fire, structure, lighting, ventilation – these aspects were not prioritisedBringing that stock to standard is as much a governance task as a real estate one, and it is the part of this plan I care about mostVantrock is run by people who have built this product before to global standards and know what compliance means on a site, not on a slideMy focus as chairman would be to make sure that standard holds as the platform scales, in the boardroom and on the ground, so what is built here outlasts all of us,” says Shailesh VHaribhakti, Chairman of the Board, Vantrock.
Every Vantrock project is designed to move from land to revenue in 18 to 24 months once it starts constructionThe projects are intended to be funded through a combination of equity, construction debt, and where appropriate, forward funding from institutional buyers, alongside joint venture, joint development and or long-term, hold-to-maturity, leasehold structures the company is entering with landowners & capital partners.
In an innovative first-mover strategy, Vantrock proposes to enter into refurbishment of outdated warehousing facilities in prime locations, wherein the company will buy existing Grade-B buildings outright, or through joint ventures, and own themIts in-house development team will then refurbish and upgrade them to Grade-A standards in six to twelve months, less than half the time of a new build, and for much less than it costs to build new. This model also stands out as a win-win for stakeholders – the occupiers / customers get a Grade-A building closer to demand, and the city gets Grade-A supply of warehousing, logistics, and industrial assets without having to invest in land.
The markets and corridors entered by Vantrock follow a detailed market study and investment thesis prepared by CBRE, which identified India’s high-value warehousing corridors located near Tier-1 citiesIndia’s Grade-A warehousing supply shortfall is estimated at approximately 117 million sqftbetween 2026 and 2031, per CBRE Research, and Vantrock’s strategy is built to capture first-mover advantage in these supply-constrained corridors.
“India’s Grade-A warehousing market is at an inflection pointDemand from 3PL operators, e-commerce players, and manufacturing occupiers is outpacing quality supply across key corridors near the major cities, and that gap is only expected to widen through the end of the decadeCBRE’s research and advisory work identified the corridors and the opportunity; it is encouraging to see a platform purpose-built to address it,” says Rami Kaushal, Managing Director – Consulting & Valuation, CBRE India.
About Vantrock
Vantrock is an operator-led real assets platform headquartered in MumbaiIt originates, develops, operates and manages institutional-grade real assets on one balance sheet and with one team, from land to leasing to long-term ownershipOperator-led means the same team finds the land, builds or refurbishes the asset and runs it, rather than handing each stage to a different companyLogistics, warehousing, and industrial assets marks Vantrock’s initial strategy, and the entry point to a multi-strategy real assets platform.
Vantrock is founded by real estate industry veteran Anshul Singhal, who has previously built three institutional platforms from zero to scale, and is now building the fourth – VantrockHe has formidable experience having raised two successful SEBI-registered alternative investment funds, including India’s first domestic warehousing fund, and having setup and or executed 52 million sqft(32 million sqftas developer across 2 platforms and 20 million sqftas contractor), acquired more than 2,000+ acres and built more than 220 buildings.
