Mindspace REIT Enters Hyderabad’s Financial District

25 Jul 2025 CW Team

Mindspace Business Parks REIT has concluded its first third-party acquisition outside its existing portfolio parks with the Rs 5.12 billionpurchase of Q-City, a ~0.81 million sq ft commercial asset in Hyderabad’s Financial District. The deal, done via subsidiary Horizonview Properties, was closed at an 11.6per cent discount to independent valuation with an implied cap rate of 9.9 per cent.

“This is how we grow—strategically, selectively, and with conviction,” said CEO Ramesh Nair. “The Financial District is emerging as Hyderabad’s next big tech corridor.”

The acquisition raises Mindspace’s Hyderabad portfolio to over 16 million sq ft, with post-deal Gross Asset Value increasing to ~Rs 371.43 billion. The asset, currently 65 per cent occupied, offers strong upside through re-leasing and rental arbitrage as supply tightens in Madhapur and HITEC City.

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