Mindspace REIT Raises Rs 6.50 Bn from IFC

28 Jun 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 Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..