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’.

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),..