Mindspace REIT announces Rs 20.38 Bn Acquisition in Hyderabad

30 Jan 2025 CW Team

Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio located in four key office markets of India, announces acquisition of 100 per cent equity shareholding in Sustain Properties, holding c.1.82 msf at Commerzone Raidurg, a Grade-A commercial asset located in Hyderabad’s Madhapur micro-market. This acquisition is pursuant to the Right of First Offer (ROFO) agreement entered by Mindspace REIT with the Sponsors. This acquisition aligns well with the growth strategy of Mindspace REIT, enhancing portfolio scale, income stability, and unitholder returns.

Speaking on the acquisition, Ramesh Nair, CEO of Mindspace REIT, said, “The acquisition of Commerzone Raidurg is a key milestone in Mindspace REIT’s commitment to delivering value and growth for unitholders. Located in Hyderabad’s prime central business district, this Grade-A+, fully leased asset enhances our portfolio, boosts income stability, and aligns with our growth strategy. With a marquee tenant and mark to market potential, it reinforces our position as a leader in India’s commercial real estate sector and reflects our focus on strategic investments in high-quality, income-generating assets. This acquisition strengthens our presence in a dynamic market and supports long-term financial stability.”

Infrastructure Energy

14 Oct 2025

Maharashtra Clears Green Power Use For Data Centres

In a major policy boost for India’s expanding digital infrastructure, the Maharashtra government has approved a plan allowing data centres in Mumbai, Navi Mumbai, Thane, and surrounding regions to generate and distribute their own renewable energy. The state energy department issued an order enabling data centre parks and individual units, recognised by the industries department, to set up captive power generation and distribution facilities. The permission applies exclusively to renewable energy sources such as solar, wind, or hydro power. Industry experts have hailed the decision as tran..

Delhi Metro Invites Bids For 500 Million Units Of Green Power

In a significant step towards sustainable urban transport, the Delhi Metro Rail Corporation (DMRC) has invited bids to procure 500 million units of renewable energy annually to power its operations, officials announced on Sunday. According to a statement, DMRC aims to select a solar power developer to establish a grid-connected captive generating plant, complete with a battery energy storage system (BESS), at any location within India. The energy generated will be supplied to DMRC under a 25-year power purchase agreement, with the project slated for completion within 15 months of award. At p..

Women Lead Solar Awareness Drive In Delhi Villages

Women volunteers are leading efforts to encourage clean energy adoption in Delhi’s villages under Tata Power Delhi Distribution Limited’s (Tata Power-DDL) Solar Sakhi Abhiyan, an initiative aligned with the central government’s PM Surya Ghar: Muft Bijli Yojana. Launched recently in Pooth Khurd Village, the programme features 100 Solar Sakhi members — trained women volunteers who act as community ambassadors for solar power. They are responsible for raising awareness of rooftop solar benefits, educating households on clean energy solutions, and linking government policies with communit..