Mindspace Business Parks REIT, a real estate investment trust (REIT), has acquired a commercial asset, Commerzone Raidurg, a Grade A office campus in Hyderabad’s Madhapur locality for Rs 20.38 billion. The acquisition was made through a 100 per cent stake in Sustain Properties, which holds a 65.5 per cent share in the asset. The asset has a leasable area of 1.82 million square feet, part of a larger 2.8 million square foot area. Further, the asset is fully leased. The deal is subject to shareholder approval. With this acquisition, Mindspace REIT’s portfolio will expand from 34.8 million square feet to 36.6 million square feet.
Regulatory Roadblocks: CGD segment needs conducive environment to facilitate growth
The Petroleum and Natural Gas Regulatory Board (PNGRB), which came into existence in 2007, was empowered to authorise natural gas pipelines and city gas distribution (CGD) networks under Section 16 of the PNGRB Act in […]
Policy Promise: Key takeaways from NCAP, 2016
After being almost 11 months in the making and after several rounds of consultations among government, industry and other stakeholders, the National Civil Aviation Policy (NCAP) was finally put into place in June 2016. The […]
Trends and Outlook: Capacity augmentation plans on the back of traffic growth
The launch of the long-awaited National Civil Aviation Policy (NCAP), 2016 has been a landmark move for the civil aviation sector in the past year. […]