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.
Bringing in Reforms: Policy and regulatory developments in the sector
India’s power sector has witnessed several important policy and regulatory developments over the past year, with reforms focused on strengthening distribution finances, improving transmission planning, enabling competition, supporting clean energy integration and enhancing cybersecurity. Other […]
Views of A.K. Tiwari: “PNG has become a policy priority”
India’s city gas distribution (CGD) sector has witnessed notable expansion over the years, driven by supportive government policies and rising demand. The Petroleum and Natural Gas Regulatory Board (PNGRB) has authorised 307 geographical areas (GAs) […]