Mindspace Business Parks REIT News and Updates

Name: Latest research reports of Mindspace Business Parks REIT authored by Geojit BNP Paribas and published by - Trendlyne research reports.
Item: Mindspace Business Parks REIT
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Author: Geojit BNP Paribas

Keep track of all breaking news on Mindspace Business Parks REIT from all sources in a single place.

Mindspace Business Parks REIT

04 Aug 2025

422.40

0.79%

Mindspace REIT Q1 results: Net operating income up 24% to 616.4 crore

Business Standard

Mindspace Business Parks REIT on Monday reported a 24 per cent increase in its net operating income to Rs 616.4 crore in the first quarter of this fiscal year. The company announced an 18 per cent increase in its distribution to shareholders to Rs 352.7 crore for the April-June period of the current 2025-26 fiscal year, according to a regulatory filing. Mindspace Business Parks REIT, sponsored by K Raheja Corp group, owns office portfolios in Mumbai Region, Pune, Hyderabad, and Chennai. The portfolio has a total leasable area of 38.1 million sq ft, comprising 31 million sq ft of completed area, 3.7 million sq ft under construction and 3.4 million sq ft for future development. Mindspace REIT CEO and MD Ramesh Nair said, "We have had yet another great quarter, renting out 1.7 million square feet and achieving a remarkable committed occupancy of 93.7 per cent". The company's net operating income (NOI) grew by a robust 24 per cent, driven by acquisitions, rising rents and growing...

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

24 Jul 2025

422.40

0.79%

Mindspace Reit acquires Hyderabad's Q-City office asset for 512 crore

Business Standard

The asset, acquired at an 11.6 per cent discount, takes Mindspace Reit's portfolio to 37.9 msf and adds 53.5 crore to its net operating income on stabilisation

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

19 Jun 2025

422.40

0.79%

Wipro inks 10-year lease for office space in MMR's Mindspace Business Park

Business Standard

The tech firm has taken space in building no. 2 of Mindspace Business Park with parking for 194 cars and a monthly rent of Rs 2.5 crore at Rs 64 per sq ft

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

06 May 2025

422.40

0.79%

Mindspace Reit to raise Rs 1,800 crore through debt securities, CPs

Business Standard

Board committee approves Rs 1,800 crore fundraise plan via non-convertible debt and commercial papers amid rising NOI and strong leasing growth in FY25

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

30 Apr 2025

422.40

0.79%

Mindspace Reit Q4: NOI grows 13% amid sustained demand for grade-A assets

Business Standard

Mindspace recorded gross leasing of 2.8 million square feet (msf) in Q4FY25, compared to 2 msf in Q4FY24. The occupancy across its assets stood at 93 per cent

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindspace Business Parks REIT

06 Mar 2025

422.40

0.79%

MINDSPACE BUSINESS PARKS REIT

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Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

29 Jan 2025

422.40

0.79%

Mindpsace REIT buys 18.2L sq ft Hyderabad office complex for Rs 2,038 cr

Business Standard

Realty firm Mindspace Business Parks REIT has acquired Sustain Properties, which owns 18.2 lakh office space in Hyderabad, at an enterprise value of Rs 2,038 crore as part of its plan to expand rent-yielding portfolio. Mindspace REIT will acquire 100 per cent equity in Sustain Properties Pvt Ltd at an equity value of Rs 613 crore. The shareholders of Sustain Properties will be allotted units in Mindspace REIT as consideration. The deal is expected to close by the end of March. In a regulatory filing, Mindspace REIT informed that the board has approved "acquisition of 100 per cent equity shareholding of Sustain Properties holding about 1.82 million (18.2 lakh) square feet of leasable area at 'Commerzone Raidurg', located at Raidurg, Hyderabad, from the shareholders of Sustain. The office space has been leased to Qualcomm. The board has approved the issuance of up to 16,168,090 units of Mindspace REIT, on a preferential basis, as consideration for acquisition at a price of Rs 379.08

Mindspace Business P.. has an average target of 393.00 from 1 broker.

Mindpsace REIT acquires commercial complex in Hyderabad for Rs 613 crore

Business Standard | 29 Jan 2025

Mindspace Business Parks REIT

28 Nov 2024

422.40

0.79%

K Raheja Investment pays Rs 68.73 lakh to settle Reit norms case with Sebi

Business Standard

K Raheja Investment Managers on Thursday settled with capital markets regulator Sebi a case on alleged violation of REIT rules by paying Rs 68.73 lakh towards settlement fee in the matter of Mindspace Business Parks REIT. K Raheja Investment Managers LLP (now known as K Raheja Corp Investment Managers Pvt Ltd) is the manager of Mindspace Business Parks REIT. Mindspace Business Parks REIT, sponsored by K Raheja Corp group, was listed on the Indian bourses in August 2020. It owns office portfolios in the Mumbai Region, Pune, Hyderabad, and Chennai. The settlement order came after the noticee (K Raheja Investment Managers LLP) proposed to settle the instant proceedings initiated against it, without "admitting or denying the findings of facts and conclusions of law". The Securities and Exchange Board of India (Sebi) initiated adjudication proceedings against K Raheja Investment Managers LLP for the alleged violation of the provisions of Sebi's REIT (Real Estate Investment Trusts) rules

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

08 Oct 2024

422.40

0.79%

MINDSPACE BUSINESS PARKS REIT

Accumulate: Mindspace Business Parks REIT

Geojit BNP Paribas

Mindspace Business Parks REIT is trading above all available SMAs

Mindspace Business Parks REIT

25 Sep 2024

422.40

0.79%

Mindspace REIT to build 1 mn sq ft data centre campus in Navi Mumbai

Business Standard

Mindspace Business Parks REIT will develop data centres for Princeton Digital Group in Navi Mumbai comprising 1 million square feet area. In a statement, Mindspace REIT on Wednesday said it has entered into a strategic partnership with Princeton Digital Group (PDG) to develop the latter's flagship and largest data center campus in India. The data centre will be developed at Mindspace Airoli West project in Navi Mumbai. Under this new agreement, Mindspace REIT will develop three additional built-to-suit data centers, adding a further 1 million square feet to its portfolio. The REIT has already developed 2 data centers for PDG, measuring around 0.63 million square feet. Upon completion, the business park will feature 5 data center buildings. The total data center footprint within the Mindspace REIT portfolio will stand at around 1.65 million square feet. This landmark development spanning around 15 acres will become a part of the larger 50-acre campus ecosystem of Mindspace Airoli