Mindspace REIT Reports Strong FY26 Performance

30 Apr 2026 CW Team

Mindspace Business Parks REIT reported a strong performance for Q4 FY26 and FY26, supported by robust leasing activity, rising occupancy and improved financial metrics across its portfolio.

Portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.

Revenue from operations rose 31.0 per cent YoY to Rs 8.88 billion in Q4 FY26, while net operating income (NOI) grew 37.4 per cent YoY to Rs 7.42 billion. For FY26, NOI increased 29.2 per cent YoY to Rs 26.64 billion.

The REIT declared its highest quarterly distribution of Rs 6.64 per unit, with total distribution at Rs 4.31 billion for Q4 FY26. Net asset value rose 9 per cent to Rs 527 per unit, while gross asset value stood at Rs 476.35 billion.

Operationally, the portfolio recorded strong re-leasing spreads of 40.3 per cent in Q4 FY26 and 31.8 per cent for FY26, with in-place rents at Rs 80.4 per sq ft per month. The REIT continues to advance its 5.4 million sq ft development pipeline.

The company also progressed on strategic acquisitions worth Rs 55.41 billion, strengthening its presence in Chennai and expanding its footprint in key office markets.

Real Estate

29 Jun 2026

Omaxe to Invest Rs 62 Billion in Hospitality Expansion

Omaxe has announced the launch of a dedicated hospitality business vertical with plans to develop 19 hotels across five states over the next four to five years as part of its strategy to strengthen recurring revenues and expand its integrated development ecosystem.The real estate developer proposes to invest approximately Rs 62 billion, subject to regulatory approvals and market conditions, to develop nearly 5 million sq ft of hospitality assets across high-growth urban centres, pilgrimage destinations and transit corridors.The proposed portfolio will be integrated with Omaxe's existing townsh..

Third Railway Line Between Tatanagar And Adityapur Likely By September

The third railway line between Tatanagar and Adityapur is expected to be commissioned by September as work on the corridor advances, according to railway sources. The project to add a fourth line on the busy route is progressing and has been allocated Rs 50.89 billion (bn) in funding. The allocation underscores the focus on increasing capacity and easing congestion on the corridor. Relevant timetables are being adjusted to integrate the new capacity into regular operations. Construction activity has involved track laying, formation work and signalling upgrades along strategic stretches, with m..

Indian Railways Approves Rs 2.7 bn Kavach Rollout in Odisha

Indian Railways has approved a Rs 2.7 billion (Rs 2.7 bn) plan to install the Kavach train collision avoidance system on 631 route kilometres in the East Coast Railway zone. The Ministry of Railways said the work will form part of a wider Kavach deployment programme that relies on an LTE based communication backbone rather than a standalone installation. The approval marks the latest stage in the steady expansion of the indigenous safety technology across the national network. The decision aims to enhance safety and reliability on corridors serving Odisha and adjoining areas. The project will ..