Our Journey
Our Journey
The Start of a
Revolution (2007-2009)
With an economic boom in 2007, global demands rose for better industrial parks in India. This demand led to the founding of IndoSpace by global investors Everstone and Realterm in 2007. Our first IndoSpace Logistics Park (ILP) worth USD 240 million was launched in 2008. The following year, we acquired the first land parcel of 1.7 million sq. ft in Chakan, near Pune. We had begun the logistics revolution.
The Age of Modern
Industrial Parks (2010-2012)
2010 was when we broke new ground with our first development of 1.7 million sq. ft in Chakan. IndoSpace further initiated construction of the first park in Luhari, acquiring land in the National Capital Region (NCR-Delhi) in 2011. The following year witnessed our rise as IndoSpace covered about 500 acres of land and our portfolio reached 1 million sq. ft. Additionally, in the same year, we also launched our first park in Southern Chennai. We were setting the industry standard for everyone to follow.
The Age of
Expansion (2013-2014)
With a strong industry foothold, we raised USD 344 million to set up IndoSpace Logistics Park II (ILP II) in 2013. Growing across 5 markets and 10 locations, we developed the logistics infrastructure of large industrial clusters, consumption centres and major highways. This was the age of expansion for us.
The Rise of
Recognition (2015-2016)
IndoSpace garnered more global recognition and awards from eminent industry bodies. We received the prestigious award for the “Warehousing Company of the Year” at the Supply Chain and Logistics Excellence (SCALE) awards in 2015. Euromoney awarded us the ‘Best Developer of Industrial/Warehouse Real Estate in India’ for 5 consecutive years, starting 2015. Furthermore, our real estate portfolio expanded to 5 million sq. ft.
The Super
Scale-up (2017)
IndoSpace had a massive scale-up with 20 ready and under construction parks across Pune, Bengaluru, Chennai, NCR and Mumbai. By 2017, the land bank exceeded 1000 acres. Our completed portfolio stood at a massive 8.4 million sq. ft, developing 14 million sq. ft and planning 7.6 million sq. ft. Everstone Group, Realterm and Canada Pension Plan Investment Board (CPPIB) also partnered with us to raise USD 1.2 billion to launch the IndoSpace Core fund.
The Growth Story
is Undeterred (2019)
IndoSpace successfully exited India's top-performing real estate funds - its first fund (IndoSpace Logistics Parks). We also entered 2 new markets in Punjab and Andhra Pradesh, giving us a national presence over 10 markets and 19 locations. We developed multiple parks across 6 states and Delhi-NCR. PERE Magazine, a leading real estate publication, listed us as 'Firm of the Year in India'. Our achievements also include being ranked among the 'Top Three Overall Developers in India' by Euromoney.
Our Commitment
Stays Strong (2020)
The land bank of IndoSpace exceeded 1,500 acres and the completed portfolio crossed 17 million sq. ft. In addition, our leased portfolio also crossed 100 customers. With our early response to the global pandemic, the business continuity for all our tenant partners remained unhampered. We introduced value-added solutions and undertook technology-driven smart parks initiatives so that our customers could continue to focus on their core business. IndoSpace became the 1st company in India to be awarded the Platinum Certificate by IGBC for Green Logistics Parks and Warehouses. IndoSpace Core Portfolio received an AA+ with a stable outlook and raised Rs 1,000 crores from HSBC for certified green projects. We invested in sustainability practices and implemented alternate power solutions (rooftop solar).
The Future is Ours
to Shape (2021)
Challenges evolved in 2021, and so did our solutions. We continue to find the most optimal solutions for our clients. Our presence expanded with 51 parks across 58 million sq. ft, securing 1,976 acres of land bank in India. Our set goal is to cross 18 million sq. ft of developed parks portfolio by the end of 2021. Smart solutions transformed us into a future-ready company, building trust, so our tenant partners can bank on our leadership.