Indospace wins Euromoney’s best developer of industrial real estate award

by Autocar Pro News Desk , 14 Sep 2020


Euromoney’ magazine has named IndoSpace, one of the largest developer of industrial and logistics real estate in India as the Best Developer of Industrial/Warehouse Real Estate in India for 2020 in their 16th annual real estate awards survey.

The company says the survey recognises leading providers of real estate products and services across the globe. IndoSpace states it is the only developer of industrial and logistics real estate in India across the country to have received the recognition for the sixth year in a row. It also ranked amongst the top three overall developers in India for the second year in a row.

In the same survey, IndoSpace was also awarded as the Best Innovative Green Developer in India for 2020 on the back of its continuous efforts to integrate sustainability and adopt sustainable technology for the reduction of carbon footprint. This award the company says is a testament to IndoSpace’s ‘green’ design thinking, which has resulted its parks being awarded the EDGE certification. Recently, IndoSpace Core also announced the closing of Rs 1,000 crore green loan facility provided by The Hongkong and Shanghai Banking Corporation (HSBC). Proceeds from the debut green loan will be used towards the financing or refinancing of certified green projects.

Rajesh Jaggi, VC - Real Estate, Everstone Group, said: “We are elated to be chosen as the best industrial/warehouse developer India consecutively for the sixth time by the voters of Euromoney survey. At IndoSpace, we emphasise on reducing the environmental impact of our operations and it feels good to be acknowledged as Best Innovative Green Development Developer in India as well. I would like to credit the amazing team at IndoSpace, as well as the strong and collaborative relationships with our investors, customers and partners for these coveted recognitions. We would like to thank Euromoney for providing a platform to recognise the work done by IndoSpace in setting up best-in-class industrial warehousing facilities in India to support the growing logistics and warehousing needs in India.”

Louise Bowman, Editor, Euromoney comments, "The Euromoney real estate awards are voted for by all constituents in the industry - developers, advisers and banks. This makes them of particular importance in recognising strength in each individual sector. We congratulate IndoSpace for their achievement in winning Best Industrial/Warehouse real estate developer in India for the sixth consecutive year; and the Best developer of Innovative Green real estate in India; and for earning the respect of their peers and colleagues in the highly competitive global real estate market." 

IndoSpace has a portfolio of over 36 million square feet across developed and under-construction projects comprising 35 industrial and logistics parks located in and around major industrial corridors /consumption hubs — the Delhi NCR, Mumbai, Pune, Bengaluru, Chennai, Ahmedabad, Coimbatore, Anantapur, Rajpura.