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.
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The government firmed up regulations for real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) in 2014 with the aim of encouraging foreign investment, reducing the burden on the banking system, and allowing developers […]
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Over the years, bridge design and construction practices in India have come a long way. Now, modern bridge designs involve a comprehensive process that includes site selection, hydraulic and geotechnical analysis, structural design, and mandatory […]
Data Surge: Faster speeds, growing consumption
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