Leadership restructuring at Mindspace Business Parks REIT

10 Aug 2023 CW Team

Mindspace Business Parks REIT has restructured its senior management team to ensure a stable and seamless leadership transition for driving the next phase of expansion. The publicly-listed entity, backed by K Raheja Corp, has designated Ramesh Nair as the Chief Executive Officer, effective from September 1. Concurrently, Vinod Rohira's role has been elevated to a Board Member of the REIT.

In his new capacity, Rohira will assume a more extensive responsibility within the K Raheja Corp group as the Managing Director and CEO for Commercial Real Estate. This includes a strategic role in K Raheja Corp's Commercial Real Estate division, as well as a position on the Board of K Raheja Corp Homes, which focuses on residential business initiatives.

Mindspace Business Parks REIT, supported by the K Raheja Corp group, successfully debuted on the Indian stock exchanges in August 2020. The REIT possesses portfolios of office properties situated across four vital office markets in India, encompassing the Mumbai Region, Pune, Hyderabad, and Chennai.

With a total leasable area of 32.1 million square feet, the portfolio comprises 25.9 million square feet of fully developed space, 2.5 million square feet of space under ongoing construction, and an additional 3.7 million square feet earmarked for future development. The property assortment encompasses five integrated business parks and five standalone office properties. Notably, the portfolio boasts a diversified tenant base, accommodating over 200 tenants as of the conclusion of June.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..