Mindspace REIT Partners GNFZ for Net-Zero Pathway

23 Apr 2026 CW Team

Mindspace Business Parks REIT has partnered with Global Network for Zero to transition its entire ~39 million sq ft portfolio to a net-zero certification pathway, marking one of India’s largest portfolio-level decarbonisation initiatives in commercial real estate.

The collaboration shifts Mindspace REIT from asset-level certifications to a unified, portfolio-wide approach aligned with global climate benchmarks. It will involve a structured decarbonisation roadmap covering Scope 1, Scope 2 and Scope 3 emissions, alongside centralised energy tracking, renewable energy integration, and stronger tenant collaboration.

Ramesh Nair, CEO and MD, K Raheja Corp Investment Managers, said the partnership establishes a clear and accountable pathway towards the REIT’s net-zero target of 2042. Mahesh Ramanujam, President and CEO, GNFZ, noted that the initiative sets a precedent for scaling climate action across real estate portfolios.

As of FY2025, Mindspace REIT has reduced Scope 1 and Scope 2 emissions by 32.2 per cent and increased renewable energy usage to 40.2 per cent, while maintaining a 5-star GRESB rating for three consecutive years.

The move reflects a broader industry shift from individual green buildings to portfolio-wide decarbonisation strategies, as institutional real estate platforms align with global sustainability frameworks and investor expectations.

Real Estate

04 Aug 2026

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..