365telugu.com online news,National, September 9th, 2025: Mindspace Business Parks REIT, a leading owner and developer of Grade-A office spaces, has completed five successful years since its listing on Indian stock exchanges in August 2020. Launched during the global pandemic, the REIT has consistently delivered resilient performance, reinforced occupier trust, and generated strong value for unitholders.
Key Achievements Over 5 Years
- Added 3.1 msf through strategic acquisitions in core markets
- Delivered 3.7 msf of new developments
- Achieved 25.2 msf of gross leasing, including re-leasing and fresh leasing
- Distributed INR 55.9 billion cumulatively to unitholders
- Delivered 14.8% annualised total returns since listing
- First Indian REIT to introduce 5 data centers in its portfolio
- First Indian REIT to raise funds through Sustainability-Linked Bonds
- Maintained a strong balance sheet with 25% LTV
Portfolio Strength & Growth
Sponsored by the K Raheja Corp Group, Mindspace REIT has expanded across Mumbai Metropolitan Region (MMR), Hyderabad, Pune, and Chennai. Its portfolio is designed around sustainability, wellness, and tenant-centric infrastructure. Current portfolio occupancy stands at a healthy 93.7%, underlining consistent leasing momentum and strong tenant retention.
| Indicator | At Listing (Aug 2020) | June 30, 2025 | Growth |
|---|---|---|---|
| Completed Area | 23.9 msf | 31.0 msf | +30% |
| Office Occupiers | 134 | 223 | +66% |
| In-place Rent (INR psf) | 54.4 | 72.9 | +34% |
| Unitholders | 8,551 | 68,710 | 8.0X |
| GAV | INR 240 Bn | INR 372 Bn | +55% |
| NAV (per unit) | INR 338.4 | INR 431.7 | +28% |
Leadership Insights
Mr. Ramesh Nair, CEO & MD, K Raheja Corp Investment Managers Pvt. Ltd., Manager to Mindspace REIT, said:”Our vision was to create high-quality business campuses that enable client growth and long-term investor value. In five years, Mindspace REIT has delivered strong returns, expanded to a GAV of INR 372 billion, and strengthened occupier confidence. With wellness, sustainability, and productivity at the core, we are committed to shaping modern, resilient workplaces for India.”
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Ms. Preeti Chheda, CFO, K Raheja Corp Investment Managers Pvt. Ltd., added:
“The REIT framework has transformed commercial real estate ownership in India. Over the last five years, Mindspace REIT has unlocked liquidity for developers, attracted institutional capital, and created long-term value for unitholders. With an 8x increase in unitholder base and distributions of INR 55.9 billion, we have demonstrated consistent performance across market cycles.”
Mindspace REIT remains committed to prudent financial management, expanding its portfolio with sustainability at the forefront, and delivering steady returns to investors while creating vibrant, future-ready workspaces.