Mindspace REIT Reports Strong Q1 FY26 with 24% NOI Growth

06 Aug 2025 CW Team

Mindspace Business Parks REIT (NSE: MINDSPACE | BSE: 543217), a leading owner and developer of Grade A office spaces in India, has announced strong results for the quarter ended 30 June 2025. The REIT reported a 24.2 per cent year-on-year increase in Net Operating Income (NOI) to approximately Rs 616 crore, supported by robust leasing activity, increasing rents, and high occupancy levels. Committed occupancy reached 93.7 per cent, while gross leasing totalled approximately 1.7 million sq. ft.

Mindspace REIT declared a quarterly distribution of approximately Rs 353 crore, with a Distribution per Unit (DPU) of Rs 5.79, marking a 14.9 per cent year-on-year growth. The trust also concluded its first third-party acquisition outside its core portfolio with the Rs 512 crore purchase of Q-City in Hyderabad, now rebranded as ‘The Square, 110 Financial District’.

Building Material

08 Apr 2026

Jindal Aluminium Marks 56 Years of Industrial Leadership

Jindal Aluminium Limited has marked its 56th Inception Day, celebrating a legacy built on vision, resilience and manufacturing leadership. Founded in 1968 and incorporated in 1970 by Padma Bhushan Dr Sitaram Jindal, the company has grown into a major force in India’s downstream aluminium sector under the leadership of Pragun Jindal Khaitan.The company is India’s largest manufacturer of aluminium extruded products and the second-largest producer of aluminium flat-rolled products. With a turnover of around Rs 5,500 crore and a workforce of over 4,000, Jindal Aluminium continues to strengthen..

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..