Mindspace REIT Marks Five Years With 14.8 Per Cent Annualised Returns

08 Sep 2025 CW Team

Mindspace Business Parks REIT, owner and developer of a Grade-A office portfolio, has completed five years since its listing on the Indian bourses in August 2020. Despite debuting during the global pandemic, the REIT has delivered 14.8 per cent annualised total returns, expanded its portfolio, and reinforced occupier trust.

Key achievements over five years include:

Portfolio expansion of 30 per cent to 31.0 msf through acquisitions and new developments.
Gross leasing of 25.2 msf, with occupancy sustained at 93.7 per cent.
Cumulative distribution of Rs 55.9 billion to unitholders.
Unitholder base increase from 8,551 to 68,710, an eight-fold rise.
Introduction of five data centres, the first for any Indian REIT.
Raising funds through Sustainability-Linked Bonds at the REIT level.

Ramesh Nair, CEO and MD, K Raheja Corp Investment Managers, said, “When we listed five years ago, our goal was to create high-quality business campuses that power client growth and deliver long-term investor value. With strong occupancy, a robust client base, and a GAV of Rs 372 billion, we continue to build a resilient platform that combines wellness, sustainability, and productivity.”

Preeti Chheda, CFO, K Raheja Corp Investment Managers, added, “The REIT framework has redefined funding and ownership in Indian commercial real estate. Mindspace REIT has consistently created market value with cumulative distributions of Rs 55.9 billion and a significant increase in unitholder participation. We remain focused on prudent financial management and sustainable growth.”

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..