India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Mindspace REIT has acquired a 2.6 million sq. ft. Grade A office asset in Chennai for ₹2,541 crore, boosting its presence in South India. The deal includes operational and under-construction space, with strong occupancy and long leases, reflecting rising institutional confidence in India’s commercial real estate market.
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Mindspace Business Parks REIT has made its first-ever acquisition of a third-party commercial office asset, Q-City in Hyderabad’s Financial District, for ₹512 crore. The property, spanning 0.81 million sq ft, will be rebranded as The Square, 110 Financial District. The acquisition boosts the REIT’s portfolio to 37.9 million sq ft, and adds ₹53.5 crore in annualised net operating income.
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