Mindspace REIT ranked 1st in Asia for commercial business development

19 Oct 2023 CW Team

The REIT has secured a prestigious 5-Star Rating for the second consecutive year, affirming its leadership by achieving a 100/100 in the development benchmark. Moreover, Mindspace REIT impressively scored 91/100 in the standing investment benchmark, ranking 6th among real estate peers across Asia with a 5-star Rating. This distinguished performance has been achieved for the entire 32.1 million square feet, Grade A portfolio.

The ranking gives Mindspace REIT the prestigious ?Green Star? status. This outstanding achievement is a testament to collaborative efforts across functions, each emphasising a profound commitment to the entity?s ESG values. Mindspace REIT has outperformed other participants, in several key GRESB components like ESG Objective Setting, Policies, ESG reporting. Environmental Management System and Stakeholder Management. The REIT has also secured a flawless 100% score in both Management and Development benchmarks, while witnessing an impressive 16% Y-o-Y increase in its performance component rating.

?GRESB sector leaders embody the industry's champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year's sector leaders for their dedication, leadership and commitment to ESG principles and sustainability," said Sebastien Roussotte, CEO of GRESB.

Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, Manager to Mindspace Business Parks REIT said, ?We are the first real estate entity in India to earn the 'Global Sector Leader' title, and we're very proud of this. With this title comes a big responsibility. We are encouraged to do even better on the ESG front and to work closely with our tenants, partners, and local communities on new sustainability projects. More investors are now using ESG data to make decisions. This recognition helps show our stakeholders that we are transparent and dedicated to doing what's right, being innovative, and growing in a sustainable way."

GRESB is an independent organisation providing validated ESG performance data and peer benchmarks for investors and managers to improve business intelligence, industry engagement and decision-making. Today, over 95% of investors use ESG data in their decision-making, and the GRESB data is currently being used by 170 institutional and financial investors with more than $ 51 trillion in assets under management.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio, becomes the first Indian Commercial Real Estate entity to be adjudged ?Global Listed Sector Leader? in 2023 Global Real Estate Sustainability Benchmark (GRESB) for Office Development Benchmark. The REIT also ranked 1st in Asia, and is placed 1st out of 9 in India, in the ?Listed Companies Category? for commercial business development. The REIT has secured a prestigious 5-Star Rating for the second consecutive year, affirming its leadership by achieving a 100/100 in the development benchmark. Moreover, Mindspace REIT impressively scored 91/100 in the standing investment benchmark, ranking 6th among real estate peers across Asia with a 5-star Rating. This distinguished performance has been achieved for the entire 32.1 million square feet, Grade A portfolio. The ranking gives Mindspace REIT the prestigious ?Green Star? status. This outstanding achievement is a testament to collaborative efforts across functions, each emphasising a profound commitment to the entity?s ESG values. Mindspace REIT has outperformed other participants, in several key GRESB components like ESG Objective Setting, Policies, ESG reporting. Environmental Management System and Stakeholder Management. The REIT has also secured a flawless 100% score in both Management and Development benchmarks, while witnessing an impressive 16% Y-o-Y increase in its performance component rating. ?GRESB sector leaders embody the industry's champions, leading the charge towards a net-zero future and propelling the sector forward. We wholeheartedly commend this year's sector leaders for their dedication, leadership and commitment to ESG principles and sustainability, said Sebastien Roussotte, CEO of GRESB. Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers, Manager to Mindspace Business Parks REIT said, ?We are the first real estate entity in India to earn the 'Global Sector Leader' title, and we're very proud of this. With this title comes a big responsibility. We are encouraged to do even better on the ESG front and to work closely with our tenants, partners, and local communities on new sustainability projects. More investors are now using ESG data to make decisions. This recognition helps show our stakeholders that we are transparent and dedicated to doing what's right, being innovative, and growing in a sustainable way. GRESB is an independent organisation providing validated ESG performance data and peer benchmarks for investors and managers to improve business intelligence, industry engagement and decision-making. Today, over 95% of investors use ESG data in their decision-making, and the GRESB data is currently being used by 170 institutional and financial investors with more than $ 51 trillion in assets under management.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..