The company closed its second fund at USD 330 million as against a target of USD 300 million, it said in a statement.
The fund has been raised from both new and existing investors.
The investor base includes endowments, foundations, sovereign funds and pension funds, it added.
The company is developing 32 million square feet of space spread across Mumbai, Pune, Bangalore, Chennai, NCR, Ahmedabad, and Kolkata, it said.
IndoSpace is a joint venture between private equity fund Everstone and Realterm, which has interests in both private equity and developing industrial real estate.