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

Mindspace Business Parks REIT marked its five-year anniversary since its August 2020 debut on Indian stock exchanges, overcoming pandemic challenges to deliver consistent growth, robust leasing, and attractive returns. With a focus on quality office spaces, sustainability, and tenant well-being, it has established itself as a leading REIT in India.
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Dow Chemicals, a global materials science leader, has partnered with Mindspace Business Parks to significantly expand its industrial and logistics real estate presence in India. This strategic collaboration aims to develop state-of-the-art industrial parks and logistics hubs, catering to the growing demand fueled by India’s evolving manufacturing and supply chain sectors.
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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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Mindspace Business Parks REIT is eyeing commercial property acquisitions worth ₹500–2,000 crore across Mumbai, Pune, and Ahmedabad as part of its growth strategy. With a healthy loan-to-value ratio and rising investor confidence, the REIT is also expanding its data centre footprint and targeting higher occupancy across its premium office assets.
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