Firstspace Development Management Pvt Ltd (FDMPL) is a fastest growing development management company, working across various locations in India.
Firstspace Development Management Pvt ltd was established on 09 March 2020 under the leadership Aloke Bhuniya. Headquartered at First Floor, Wokhardt Towers, West Wing, Ground Floor, G Block, Bandra Kurla Complex Maharashtra 400051, the company provides an ideal combination of local knowledge and execution capabilities, combined with international best practices and governance standards, offering best-in-class solutions for customers.
FDMPL excel at delivering development related and facility operations services with modern technology and timely delivering projects to their customers. The company takes up end to end turn key projects and specialized in Civil, PEB, MEP, landscaping and other construction related works. FDMPL is committed to quality, safety and on time delivery of projects.
Predominantly working for Ascendas Firstspace Development Management Pvt Ltd, a joint venture between Capitaland and Firstspace Realty, being the primary customer, FDMPL has delivered, more that 6.8 Million Sqft of projects till now across India, about 7.22 Million sqft under construction and 4.03 million sqft of Industrial and Logistics Park as future pipeline.
The senior management of FDMPL along with the dedicated team works everyday to achieve short and long-term objectives of the organization. FDMPL not only takes care of the conceptualization, design, built and construction. It is also deeply involved in end to end procurement and Facility Management function. To achieve its objective of construct and operate, it has a big team of qualified and experienced employees not only in projects, but also in Design, Procurement and Facility Management.
The USP of the Company is timely delivery of the quality projects through predefined processes.
India's warehousing sector is experiencing significant growth, fueled by the rapid expansion of e-commerce and the increasing demand for third-party logistics (3PL) services.
The exponential growth in online shopping has led to a significant increase in the demand for efficient storage and distribution, requiring more modern and strategically placed warehouses.
E-commerce businesses rely on 3PL providers for their expertise in managing logistics, accessing state-of-the-art facilities, and handling the complexities of order fulfillment, further driving demand for warehousing space.
Policies like the National Logistics Policy and the implementation of Goods and Services Tax (GST) have simplified trade, reduced logistics costs, and created a more conducive environment for the warehousing sector to thrive.
Increased manufacturing activities and government programs like 'Make in India' also contribute to the growing need for warehousing to store raw materials and finished goods.
The Indian warehousing sector is transitioning from a fragmented, traditional model to a more structured and organized segment, attracting significant private equity investment.
There is a growing adoption of advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to enhance operational efficiency in warehouses.
Warehousing is not just growing in major cities but also expanding into smaller towns, which are emerging as critical logistics hubs.
Director, Firstspace Development Management Pvt. Ltd.
Mr Aloke Bhuniya is the Director and Co-Founder of the Firstspace platform. Aloke brings over 26 years of experience across Real Estate Investment & Development, Private Equity and M&A Transactions across industries in India.
Previously, Aloke spent over 9 years in Everstone group, managing the various initiatives of the group in real estate, which included IndoSpace and Everstone Capital. As Managing Director of IndoSpace Capital Advisors, Aloke was responsible for investment to develop Industrial Real Estate in India. His responsibilities included identifying investment opportunities, monitoring developments, achieving financial closure and exiting projects after development and leasing. In his stint of over 6 years in IndoSpace, Aloke managed developments of over 4.5 million sq. ft. of industrial parks and committed over USD 300 million of equity for development of about 14 million sq. ft., at a total project cost of over USD 1.0 billion.
In Everstone Capital, Aloke invested over USD 300 million equity for the development of mixed-use Real Estate projects, encompassing the development of about 12 million sq. ft. of projects involving a total capital outlay of about USD 1.0 billion. Aloke has also worked for over 6 years in Ernst & Young and SBI Capital Markets in their investment banking practice, which included fundraising, acquisitions, takeovers and divestments. He was involved in over 20 transactions across industry verticals involving domestic as well as international companies.
As the Director of FDMPL, he spearheads the company's vision of developing next-generation industrial and logistics infrastructure to power India's economic transformation.
A recognized thought leader in the industrial real estate domain, Aloke has played a pivotal role in shaping the sector's growth trajectory in India. With deep market insight, strategic foresight, and a proven track record of execution, Aloke continues to be a driving force in the evolution of India's industrial and logistics real estate landscape.
Aloke is a Graduate in Mechanical Engineering from Jadavpur University and holds a Post Graduate Diploma in Management from Indian Institute of Management Bangalore.
Together, these values shape who we are, how we work, and the future we're building at FDMPL.
We are humble, inclusive, collaborative & Treat everyone the way we would like to be treated
We make ethical choices so that our stakeholders can trust us to do what is right.
We dream, innovative, push the boundaries & challenge the status quo without fear of failure.
We do think, act and perform to deliver on a promise.