Indospace’s Luhari Park is India’s First Project to be awarded Platinum Certification Under IGBC

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Indospace, one of the largest developer of industrial and logistics real estate in India, has been awarded ‘Platinum’ certification by Indian Green Building Council (IGBC) for its logistics parks at Luhari I and II near NCR.

With international standards, IGBC rating system recognises achievement in green design, construction & operations and Platinum rating benchmarks applicants. Indospace Logistics Park Luhari I is the first logistics park in India to receive Platinum certification under the IGBC logistics parks and warehousing rating system.

Founded in 2001 by CII, IGBC is the first Green Building certification body in India. It is part of the World Green Building Council since 2004 as a ‘Founding Member’. The World Green Building Council is a global network of over 70 Countries.

“We are delighted to receive these coveted certifications from IGBC which testify our conscious and responsible efforts towards creating sustainable facilities at our parks. As an industry leader, we have pioneered ‘green design’ and are committed towards protecting the ecosystem we operate in by employing better building design and highly efficient resource use.”

~Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group

Indospace Core portfolio was recently 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.

Indospace is a founding Member of Indian Green Building Council and has pioneered sustainability initiatives and best practices in the Industrial and Warehousing sector. It has established stringent Environmental & Social governance (ESG) standards in operations and follows Environmental Clearance (EC) norms set by Government of India.

Indospace has also achieved more than 40% savings on energy, water and embodied energy in material at several parks. This has won Indospace the esteemed EDGE Certification from GBCI (Green Business Certification Inc.) for 45 % of its the buildings, and the Advanced EDGE Certification for 55% of the buildings.

Additionally, Indospace has conducted comprehensive Greenhouse Gas (GHG) Footprint studies for its parks.

Recently, Indospace was identified as the Best Developer of Industrial/Warehouse Real Estate in India for 2020 by Euromoney’ magazine in their 16th annual real estate awards survey.

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