Vision, Mission & Goals

iSpace is incorporated in 2006 by ~35 shareholders

Vision 2016 --- To enable at least 6000 ‘'Investments'’ into
‘quality’ own spaces every year
Mission --- Ispace is ’co-operative’ ‘co-networked’ organization
which enables ‘'Investments'’ into ‘quality’ own space needs of
people ‘within its network’
Focus:
‘'Investments'’ – Development of projects that cater to
investment needs (as opposed to immediate consumption /
staying needs). Accordingly, iSpace will not invest in flats/
apartments, which will have limited appreciation and typically
tend to become immediate consumables. Focus shall be on
capital appreciation. Similarly, iSpace shall also not invest in
long maintenance projects or commercial/ office projects with
possible lease appreciation (or annuity cash flows). Typical
project categories are as below:
Plots for Row Houses / Villas (Within 1 hr from Urban
Centre & ‘investment’ horizon of ~ 2 years)
Commercial Plots (Within 1hr from Urban Centre &
‘investment’ horizon of ~ 3 years)
Farm houses/ lands (Within 2 hrs from the urban
Centers & ‘investment’ horizon of ~ 4 years) .
‘quality’ – legally clear own spaces (‘'Investments'’). Cost
efficiency of operations and personnel – 'Investments' to be Yearly Goals:
pegged to market average
‘co-operative’ – VNs would have an option to co-invest during  March 2011 – 300 VNs
development stage of the projects and benefit from economies
of scale. Performing VNs will also be offered ownerships of  March 2012 – 600 VNs
iSpace equity
‘co-networked’ – marketing of 'Investments' to be solely  March 2013 – 1200 VNs
through referrals and by substituting traditional channels.  March 2014 – 2400 VNs
iSpace also provides an opportunity for people ‘within its
network’ to be ‘financially independent’ by earning through  March 2015 – 4800 VNs
referral marketing, if they desire so. Option to referral market is
additional benefit for the Asset (Plot) Holder and is not the  Beyond March 2016 – More than 6000 VNs
business proposition of the plot purchased or of iSpace
‘within its network’ – referral marketing opportunity to be
available only for VNs, who would have bought the Asset from
iSpace earlier
‘financially independent’ – potential revenue of INR 1Lakh a
day per Plot held, cap on revenue at INR 2.61 C per year