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Pioneer Property Zone

The PPZ Advantage

ICS Group has played a leading role in the country’s real estate and retail sectors, both of which have seen rapid growth in the past few years. Award-winning Pioneer Property Zone (PPZ) has established itself as India’s leading player in the retail real estate sector over the past decade. By servicing clients on the entire value chain, from land acquisition to developing and managing the retail asset, it has played a pivotal role in changing the Indian real estate and retail space. PPZ’s pan-India presence and thorough understanding of Indian retail assets are its distinguishing characteristics.


In 2005, having identified an interesting niche and emerging opportunity in the Indian retail property development and management space, the ICS Group partnered Old Mutual Property (OMP), a renowned asset management and property development/management company based in South Africa. In existence for over 50 years, OMP are pioneers in ‘Green Buildings’ and are a part of the US$ 429* billion Old Mutual PLC Group listed in the UK. PPZ was established as a result of this joint venture in 2005. A recipient of the ‘IMAGES Most Admired Shopping Centre Management Company of the Year’ in 2012, PPZ is respected for its understanding of the Indian real estate retail sector.

*Funds under management as on December 2012


PPZ is unique in its offering of complete end-to-end property solutions, with the objective of creating successful retail-centric assets, generating exceptional returns for its stakeholders and providing a comprehensive retail experience to the end users.

The services provided by PPZ include:

  • Design Development
  • Lease Management & Leasing
  • Property Management
  • Entertainment & Marketing Consulting
  • Investment Advisory Services


With offices in Mumbai, Delhi, Pune and Bangalore, PPZ has been active in introducing international best practices in the development and management of retail-centric mixed-use projects in India. It has completed over 17 million sq. ft. of projects, has 5 malls under management and has conceived other projects that are currently under development. Having associated with over 1400 retailers, PPZ is one of India’s leading players in the retail real estate sector.

Some of our awards

  • IMAGES Most Admired Shopping Centre Management Company of the Year - IMAGES Shopping Centre
  • R City, Mumbai - Shopping Centre of the Year award at the Asia Retail Congress 2012
  • R City, Mumbai - Retail Property of the Year award at the Realty Plus Excellence Awards 2012
  • Pacific Mall, Delhi - Most Admired Shopping Centre Launch of the Year award at ISCF 2011
  • Pacific Mall, Delhi - Most Admired Shopping Centre of the Year, Retailers Choice award at ISCF 2013
  • CMO Asia, Shopping Mall Excellence awards – Most Admired Mall management company 2015
  • Pacific Mall, Delhi – Most Admired Shopping Mall of the year (Marketing & Consumer Promotion), CMO Asia Shopping Excellence award 2015