Mindspace Business Parks REIT

Mindspace Business Parks REIT is one of India's premier Real Estate Investment Trusts, sponsored by the K Raheja Corp Group. The REIT owns, operates, and manages a high-quality portfolio of Grade-A commercial office spaces and business parks located across major technology and economic hubs in India, including Mumbai, Pune, Hyderabad, and Chennai. Its strategic assets cater to leading multinational corporations, Global Capability Centers (GCCs), and Fortune 500 companies. The REIT structure was established under SEBI REIT Regulations, with Anbee Constructions LLP and Cape Trading LLP (part of K Raheja Corp Group) acting as sponsors. KFin Technologies Limited serves as the registrar and transfer agent. The portfolio encompasses millions of square feet of total leasable area across integrated business parks such as Mindspace Madhapur in Hyderabad, Mindspace Airoli East and West in MMR, and Commerzone Yerwada in Pune, offering modern infrastructure, sustainable design, and high occupant retention. Mindspace REIT generates stable cash flows primarily through long-term commercial lease agreements, featuring periodic contractual rent escalations and committed occupancy across diversified sectors including IT/ITeS, financial services, healthcare, and technology. The REIT distributes a significant portion of its Net Distributable Cash Flows (NDCF) to unitholders on a quarterly basis, maintaining a conservative leverage profile and robust balance sheet strength.

Mindspace Business Parks REIT allocated 55,227,200 units to 54 anchor investors at Rs 275 per unit, raising Rs 1,518.75 crore. Key anchor investors included Government of Singapore, Nomura, Fidelity Group, HDFC Life, and SBI Life.