MINDSPACE
Mindspace REIT leases 1.6 million sq ft in Q2, NOI rises 31.9%
The Real Estate Investment Trust (REIT) has also leased around 0.6 million sq ft at its newly acquired Chennai assets since acquisition. A large transaction covering around 0.5 million sq ft was signed at One Radial with a European banking, financial services and insurance (BFSI) global capability centre (GCC).
These large-, mid- and small-cap stocks can give more than 20% return in 1 year, according to analysts
Here’s one thing that is worth clarifying, because it is in the headlines. Large global technology companies have been announcing heavy spending on AI, and there has been some correction in those stocks because of it. It is natural to worry that this will spill over into the Indian market. It most likely will not.
ET Wealth Expo 2026: From building wealth to financial freedom, two days of insights for today’s investors
Mark your calendars for the ET Wealth Expo 2026, happening on October 30 and 31 at Mumbai's NESCO Convention Centre. This event promises to bring together top professionals for insightful discussions on investment strategies and wealth management. Attendees can expect sessions covering crucial topics such as intergenerational wealth transfer and global investment opportunities, alongside keynote speeches aimed at addressing future challenges in wealth management.
ET Wealth Expo 2026: Explore the future of investing, financial security and intergenerational wealth
From building wealth in the AI age and identifying investment opportunities to protecting assets, planning for retirement and transferring wealth across generations, Day 1 of ET Wealth Expo 2026 will bring together leading financial experts to explore the three pillars of long-term wealth management: Build, Protect and Legacy.
- Go To Page 1
Bird Group plans to double the business across all verticals by 2030
Bird Group has signed a lease for developing a hotel on 12 acres in Shillong. The hospitality arm aims to increase its keys from 600 to approximately 1,200 by 2030. The group also plans to introduce a new brand that caters to value for money in service. Additionally, ongoing aviation projects and a growing food services business are key areas of focus.
Accenture leases, renews 5.84 lakh sq ft across Mindspace REIT’s Airoli parks
Accenture has secured over 5.84 lakh square feet of office space in Navi Mumbai. This includes fresh leasing, expansion, and renewal of existing spaces spanning ten years. The new offices are expected to house around 10,000 employees engaged in various functions. Mindspace Airoli is becoming a preferred location for multinational companies due to its connectivity and lower costs.
BNP Paribas leases 5 lakh sq ft office in Mindspace REIT’s Chennai complex
BNP Paribas has signed a long-term lease for around half a million square feet in Chennai. The deal spans four floors within the One Radial commercial complex and is among the largest in the city this year. Office rentals in this area are approximately Rs 90 per square foot per month. Chennai is increasingly appealing to multinational companies due to lower operating costs and a skilled talent pool.
ET Alpha Wealth Summit 2.0: REITs can diversify portfolios, but total returns matter, says Ramesh Nair
Ramesh Nair, MD and CEO of Mindspace REIT, explains how investors should approach REITs as part of a diversified portfolio. He discusses the importance of looking beyond distribution yields and assessing total returns, occupancy, growth prospects, balance-sheet strength and interest-rate risks. Nair also weighs the impact of AI on office demand and outlines the potential for India’s REIT market to expand.
ET Alpha Wealth Summit 2.0: Date, venue, speakers, agenda and registration
The ET Alpha Wealth Summit 2.0 set to be held on October 8 at ITC Maratha in Mumbai. Leading investment experts will convene to discuss trends affecting capital flows and investment strategies. Keynote speeches and panel discussions will cover topics such as alternative assets, structured debt, and family office investment frameworks. The summit aims to provide insights into evolving wealth creation methodologies and the role of technology in investing.
NFO Insight: Motilal Oswal Nifty REITs & Realty Index Fund opens for subscription. Is now the right time to invest in realty?
Motilal Oswal Mutual Fund has launched the Nifty REITs & Realty Index Fund, which will be accepting subscriptions until October 9. This innovative fund seeks to give investors access to listed REITs and real estate firms using an index-focused strategy. Given the absence of historical performance data for new funds, experts suggest exercising caution.
Bengaluru, Hyderabad, Chennai hold 62% of total office space portfolio owned by listed REITs
Indian cities are showing a strong trend in real estate investment, with four major locations accounting for sixty-two percent of all listed REITs' office spaces. Bengaluru tops the chart with twenty-seven percent of its office area under REITs. Hyderabad and Mumbai also exhibit notable levels of REIT activity. Additionally, retail and warehousing REITs are broadening the scope of institutional ownership, signifying the vital role real estate plays in India's growth.
Bengaluru, Hyderabad, Chennai hold 62pc of total office space portfolio owned by listed REITs
In India, four key cities dominate the REIT office landscape, accounting for sixty-two percent of total listed space. Bengaluru stands out with twenty-seven percent of its office assets in REITs, while Hyderabad and Mumbai also showcase substantial REIT-supported office inventory. Furthermore, retail and warehousing REITs are broadening the scope of institutional real estate investments, indicating that real estate is increasingly pivotal to India's growth trajectory.
REIT unitholder income grows: REIT income distribution doubles in one year to Rs 3,136 crore in Q1 FY27, number of listed trusts rises to six
India's six publicly listed Real Estate Investment Trusts (REITs) achieved remarkable results in Q1 FY27, doubling their distributions to a total of Rs 3,136 crore, which marks a 101% rise from the previous year. In addition to this significant financial milestone, the number of listed REITs grew from four to six, managing more than 214 million square feet of valuable real estate.
6 listed Indian REITs distribute Rs 3,136 crore to unitholders in Q1 FY27
India’s six listed REITs distributed Rs 3,136 crore to more than 4.85 lakh unitholders in Q1 FY27, reflecting strong rental collections and stable cash flows. Their combined AUM exceeded Rs 3.17 lakh crore, while market capitalisation crossed Rs 2.17 lakh crore.
Mindspace REIT’s Q1 net operating income rises 28% to Rs 788 crore
Mindspace REIT achieved a remarkable 27.8% growth in net operating income this quarter. The firm broadened its development pipeline by adding new office spaces and hotels, declaring a record quarterly distribution per unit of Rs 6.67. The period also saw gross leasing of nearly 0.9 million square feet, leading to a total portfolio size of about 46.2 million square feet.
Mindspace REIT to acquire 2.6-million-sq-ft Chennai IT park for Rs 2,541 cr
Mindspace Business Parks REIT is acquiring a large IT park in Chennai for over Rs 2,500 crore. This deal adds 2.6 million square feet to its portfolio. The acquisition strengthens Mindspace REIT's presence in Chennai, a key growth market. The park features a strong tenant base and ongoing construction. This move marks a significant expansion for the REIT.
Mindspace REIT buys office spaces in Mumbai, Pune for Rs Rs 2,916 cr
Mindspace Business Parks REIT has acquired three prime commercial properties in Mumbai and Pune from its sponsor K Raheja Corp for Rs 2,916 crore. This strategic acquisition, comprising 8 lakh square feet, will increase the REIT's portfolio to 39 million square feet. The deal strengthens Mindspace REIT's presence in sought-after central business districts, adding high-quality assets with strong cash flows.
Mindspace REIT makes first third-party acquisition with Rs 512-cr deal in Hyderabad
Mindspace Business Parks REIT has expanded its portfolio. It acquired Q-City, a commercial property in Hyderabad. The deal is worth over Rs 512 crore. This acquisition marks Mindspace REIT's first venture outside its existing parks. The property will be rebranded as 'The Square, 110 Financial District'. This move strengthens Mindspace REIT's presence in Hyderabad.
Princeton Digital Group to set up largest data center hub in India at Mindspace Airoli
Princeton Digital Group has partnered with Mindspace Business Parks REIT to develop its largest data center campus in India at Mindspace Airoli West. The agreement includes the development of three additional data centers, expanding the total footprint to around 1.65 million sq ft within the Mindspace REIT portfolio.
Mindspace REIT acquires 2.4-lakh-sq-ft property in Chennai
This strategic acquisition helps Mindspace REIT consolidate its ownership in the project. Mindspace REIT, through its Asset SPV, now owns 100% of the project taking it's total leasable area to nearly 1.1 million sq ft.
Mindspace REIT leases 4 lakh sq ft in June quarter, operating income up 14%
The K Raheja Corp-backed REIT has declared distribution of Rs 284.6 crore or Rs 4.8 per unit for the first quarter of 2023-24. Of this, around 90.2% is in the form of dividend and tax-exempt in the hand of unitholders. The record date for the distribution is July 31.
Mindspace REIT FY23 net operating income up 13.2% at Rs 1,710 crore
Mindspace Business Parks REIT recorded a 13.2% YoY growth in net operating income, reaching INR 1,710 crores for the financial year 2022-23. The company's revenue from operations increased to INR 2,068 crores, up 16.6% during the same period. Gross leasing of over four million sq ft and adding over 30 new tenants to its portfolio led to committed occupancy rising by 470 basis points to 89%. Mindspace has declared distribution of INR 4.81 per unit, taking its full year distribution to INR 19.1 per unit. It has raised INR 550 crores through India’s first REIT level Green Bond issuance.
K Raheja’s Mindspace raises Rs 100 crore through India’s maiden REIT commercial papers
With this issue, Mindspace REIT has broadened its debt profile further. At the time of its IPO, in August 2020, 100% borrowings of Mindspace REIT were in the form of bank borrowings at the asset’s special purpose vehicle level.
Mindspace Business Parks REIT reports net operating income of Rs 417.2 crore in September quarter
The governing board of K Raheja Corp Investment Managers LLP, manager to Mindspace REIT approved a distribution of Rs 281.7 crore for the second quarter of FY23. Mindspace REIT has distributed Rs 37.53/unit amounting to Rs 2230 crore distributed to investors since listing (including Q2 FY23 distribution).
Mindspace Business Parks REIT leases 6.30 lakh sq ft to data center operator
The REIT has leased the space through one of the special purpose vehicles Gigaplex Estate, Mindspace Business Parks REIT said in a regulatory filing. Gigaplex has entered into an agreement with K Raheja Corp for proposed transfer of leasehold land admeasuring around 16.4 acres to the latter at Mindspace Airoli in the manner set out in the pact.
Mindspace REIT plans to raise up to Rs 450 crore through issue of securities
"A meeting of the executive committee of the manager shall be held on Tuesday, March 9, 2021, to consider and approve raising of funds by Mindspace REIT through the issue of a debt security(ies) aggregating up to Rs 450 cores by way of the private placement," the filing said.
Mindspace REIT to raise up to Rs 200 crore via debentures
The committee has approved the issue of non-convertible debentures by Mindspace REIT on a private placement basis for an aggregate amount of upto Rs 200 crore in one or more tranches.
Load More
