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.

Infrastructure Urban

25 Sep 2025

PNC Infratech Bags Rs 4.96 Billion Bihar Bridge Project

PNC Infratech Ltd on Friday announced it has received a letter of acceptance (LoA) worth Rs 4.96 billion from the Bihar State Road Development Corporation (BSRDC).The contract involves constructing a high-level bridge and approach road along the Hathouri–Atrar–Bavangama–Aurai Road, covering a total distance of 21.3 km. Awarded under the Engineering, Procurement, and Construction (EPC) model, the project is scheduled for completion within 1,095 days, or three years.The company confirmed that neither its promoters nor group entities hold any financial or business interest in the awarding a..

India Secures Second Deep-Sea PMS Exploration Contract

Union Minister Dr Jitendra Singh announced the signing of a 15-year contract between the Ministry of Earth Sciences (MoES) and the International Seabed Authority (ISA) granting India exclusive rights to explore Polymetallic Sulphides (PMS) across a 10,000 sq km area of the Carlsberg Ridge in the Indian Ocean, according to an MoES release.With this agreement, India becomes the first country globally to hold two PMS exploration contracts with ISA, reinforcing its pioneering role in deep-sea resource exploration and strategic presence in the Indian Ocean.Dr Singh said the contract represents a ma..

Odisha Unveils Policy to Attract Investment in Pumped Storage

The Odisha government, after identifying 45 potential sites for Pumped Storage Projects (PSPs) earlier this year, has introduced a policy framework to monitor and regulate PSPs in the state. The policy is designed to attract investment from public and private developers and aligns with the PSP Policy 2025 and the Renewable Energy Policy 2022.The Energy Department’s latest Operational Guidelines to Odisha PSP Policy identify potential locations for off-the-river closed-loop PSPs. With many sites still unregistered or unsurveyed by state and central agencies, and with the growing importance of..