Realty developer K Raheja Corp-backed Mindspace Business Parks REIT is set to acquire nearly 3 lakh sq ft office space in one of the business complexes developed by the developer for around Rs 275 crore.

The ready-to-move-in office space is part of a Special Economic Zone (SEZ) and Information Technology Park Mindspace Madhapur in Hyderabad. The commercial complex has a total leasable area of 13.1 million sq ft with a committed occupancy of 97.4%.

The business park, which has 19 completed buildings, hosts over 100 tenants, including major organizations like Cognizant, Verizon, BA Continuum, Larsen & Toubro, NCR, and AMD, among others.

Following this acquisition, the REIT’s total office portfolio will increase to 34.7 million sq ft across 10 assets in Mumbai Metropolitan Region (MMR), Pune, Hyderabad, and Chennai.

The REIT’s board of directors approved the proposal to acquire this office space in its July-September quarterly earnings meeting on Friday.


Mindspace Business Parks REIT has reported 5.1% on-year growth in net operating income (NOI) at Rs 504 crore for the second quarter of financial year 2024-25. With this, the half year NOI has touched ₹1000 crore, up 7%% from a year ago.