Euromoney magazine has named IndoSpace, India’s largest developer of modern industrial and logistics real estate, as the winner of the ‘Best Developer of Industrial/Warehouse Real Estate in India’ award for 2019. IndoSpace has bagged the award for the fifth year in a row. IndoSpace is also ranked amongst the top three developers in the country. The Euromoney award is considered to be one of the most respected awards in the real estate industry globally.
IndoSpace has a portfolio of around 31 million square feet across developed and under-construction projects comprising 31 industrial and logistics parks in 9 cities. Its customers include Nissan, DHL, DB Schenker, Bosch, Aptiv, Delhivery, Steelcase, Ericsson, IKEA and Amazon.
The award comes even as IndoSpace continues to expand its portfolio across India. In 2019, IndoSpace has launched five parks across Ahmedabad (Bavla), Haryana (Luhari), Punjab (Rajpura) and Tamil Nadu (Mevalurkuppam and Koodapakkam) with a total area of around 200 acres. Rajesh Jaggi, Managing Partner, Real Estate, Everstone Group, said: “We are extremely proud to be selected as the best developer of industrial/warehouse real estate in India for the fifth year consecutively. This recognition would not have been possible without the amazing work of our employees, as well as the strong and collaborative relationships with our investors, customers and partners. We are thankful to Euromoney for providing a platform to recognize our efforts to set up best-in-class industrial warehousing facilities, to support the growing logistics and warehousing sector in India.”
Clive Horwood, editor, Euromoney commented, "The Euromoney real estate awards are the pinnacle of the industry, as they are voted for by the constituent parts that rely on each other - developers, advisers and banks. We congratulate IndoSpace for all their achievements in winning best developer India of Industrial/Warehouse real estate, and for clearly earning the respect of their peers and colleagues in the highly competitive global real estate market."