Mindspace REIT raises Rs 6.50 billion from IFC

02 Jul 2024 CW Team

Mindspace REIT, a leading real estate investment trust, has successfully raised Rs 650 crore through a debt financing arrangement with the International Finance Corporation (IFC). This strategic funding initiative aims to bolster Mindspace REIT's financial liquidity and support its ongoing and future real estate projects in India.

The funds raised from IFC will be utilised by Mindspace REIT to strengthen its portfolio of high-quality commercial properties and further enhance operational capabilities. Mindspace REIT focuses on owning and managing a diversified portfolio of office spaces located in key markets across India.

The partnership with IFC underscores Mindspace REIT's ability to attract international institutional investments, highlighting confidence in its robust business model and growth prospects within the Indian real estate sector. The collaboration with IFC is expected to facilitate Mindspace REIT's expansion plans and contribute to its strategic objectives of delivering value to stakeholders.

IFC, a member of the World Bank Group, supports sustainable private sector investments in emerging markets, including real estate and infrastructure projects. The funding provided to Mindspace REIT reflects IFC's commitment to fostering economic development through strategic investments in commercial real estate and promoting sustainable urbanisation.

Mindspace REIT continues to leverage its strong market position and operational expertise to capitalise on growth opportunities in India's commercial real estate segment. The funding from IFC will enable Mindspace REIT to further strengthen its leadership in the market and deliver sustainable value to its shareholders.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..