IndoSpace named ‘Best Developer of Industrial Warehouse Real Estate in India’

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India’s largest developer of modern industrial warehouses and real estate, IndoSpace has been named as the ‘Best Developer of Industrial/Warehouse Real Estate in India’ for 2020 in an annual real-estate awards survey. IndoSpace, the only pan-India developer of industrial and logistics real estate in India, has received this honour for the sixth year in a row. IndoSpace also ranks amongst the top three overall developers in India for the second year in a row.

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

Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group said, “We are elated to be chosen as the best industrial/warehouse developer India. 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.”

IndoSpace Core has set a new benchmark in green financing in India with the facility being raised under its newly established Green Finance Framework which is rated ‘Medium Green’ by international independent reviewer CICERO Shades of Green. IndoSpace Core’s Green Finance Framework is the first ever globally to have incorporated EDGE certified green buildings in the warehousing space being externally reviewed by CICERO Shades of Green.

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