IndoSpace to invest $300 mn to acquire land in warehousing

12 May 2021 CW Team

India-based investor and manager of Grade A industrial and logistics real estate, IndoSpace plans to invest $300 million to acquire land across significant warehousing and industrial hubs in the country and add 4 million sq ft of warehousing portfolio by the end of 2021.

The firm told the media that the demand for warehousing remains robust from the e-commerce firms as they are planning to expand operations due to the second wave of Covid-19 in India.

IndoSpace invested $500 million on nine acquisitions and has a portfolio across 39 industrial and logistics parks of over 41 million sq ft under various stages of development in nine major consumption hubs in India in 2020.

The company has raised three private equity development funds with a total equity commitment of approximately $1.2 billion.

IndoSpace formed the IndoSpace Core, a Joint Venture with the Canada Pension Plan Investment Board with a target fund size of $1.2 billion and an initial commitment of $550 million in 2016.

Despite the unfavourable socio-economic environment, warehousing stock in the top eight cities—Mumbai, Chennai, Kolkata, Ahmedabad, Hyderabad, NCR Delhi, Bangalore, and Pune, has added 27 million sq ft to reach 238 million sq ft in 2020 according to a JLL report.

Image Source

Also read: Blackstone buys Embassy Industrial Parks from Warburg Pincus

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..