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About Mindspace Business Parks REIT
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Mindspace Business Parks REIT (Mindspace REIT) was settled on 18 November, 2019 at Mumbai, Maharashtra, India as a contributory, determinate and irrevocable trust under the Indian Trusts Act, 1882, pursuant to a Trust Deed dated 18 November 2019. Mindspace REIT was registered with SEBI on 10 December 2019, in Mumbai as a REIT. Anbee Constructions LLP (ACL) and Cape Trading LLP (CTL) are Sponsors of Mindspace REIT. The Trustee to Mindspace REIT is Axis Trustee Services Limited (the Trustee) and the Manager for Mindspace REIT is K Raheja Corp Investment Managers LLP (the Manager). The objectives and principal activity of Mindspace REIT is to carry on the activity of a real estate investment trust, as permissible under the REIT Regulations, to raise funds through the REIT, to make investments subject to the REIT Regulations and the investment strategy and to carry on the activities for operating the REIT, including incidental and ancillary matters. Mindspace REIT acquired the Special Purpose Vehicles (SPVs) by acquiring all the equity interest held by the Sponsor Group and Blackstone entities in the SPVs on 30 July 2020. In exchange for these equity interests, the above shareholders have been allotted 55,66,54,582 units of Mindspace REIT on 30 July 2020 which were issued at Rs 275 each. As a result, the acquisition of Asset SPVs by Mindspace REIT was given effect on July 30, 2020. Mindspace REIT went public as per its plan for Initial Public Offer of Units after obtaining the required approvals from the relevant authorities. The units were allotted to the successful applicants on 4 August 2020. All these units were subsequently listed on the BSE Limited (BSE) and National Stock Exchange of India Limited (NSE) on 7 August 2020. Accordingly, the equity interest in each of the below SPVs have been transferred from the respective shareholders to Mindspace REIT:1. Mindspace Business Parks Private Limited (MBPPL) 2. Gigaplex Estate Private Limited (Gigaplex) 3. Sundew Properties Limited (Sundew) 4. Intime Properties Limited (Intime) 5. K. Raheja IT Park (Hyderabad) Limited (KRIT) 6. KRC Infrastructure and Projects Private Limited (KRC Infra) 7. Horizonview Properties Private Limited (Horizonview) 8. Avacado Properties and Trading (India) Private Limited (Avacado). The Company commenced construction of a new building in Commerzone Kharadi, Pune and the Club House in Hyderabad in FY 2022. For new building in Pune, the revised Floor Space Index norms in Maharashtra enabled to increase the leasable area of our new building from 0.6 msf to 1.0 msf. In addition, with the redevelopment of a building in Hyderabad the total leasable area of the REIT portfolio stood at 31.8 msf, up from 30.2 msf at the end of FY21. Further, the Company commenced construction of an entertainment and recreational center at Mindspace Madhapur, Hyderabad and a high street experience for food, entertainment, and retail at Mindspace Airoli East, Mumbai region. On 2nd September 2023, Mindspace REIT through its Asset SPV, Horizonview Properties Private Limited, acquired c.0.24 msf area in Commerzone Porur, Chennai. Mindspace Business Parks REIT through its SPV, Mindspace Business Parks Private Limited acquired c.42 ksf of leasable area further consolidating its ownership in this marquee asset. This transaction was consummated on 26th April 2024. In FY 2025, Company expanded its presence in Hyderabad`s prime commercial district of Madhapur by acquiring Commerzone Raidurg, a premium Grade A office campus. It further acquired 100% shareholding in Sustain Properties Private Limited through a issue of 1,61,65,452 units, making it a wholly owned subsidiary in 2025. In FY26, Company acquired a high quality office campus, Q-City (rebranded as The Square 110), Financial District, Hyderabad, which encompass a total area of approx. 0.81 msf. It acquired assets through Sundew Real Estate Pvt Ltd and Pramaan Properties Pvt Ltd , comprising The Square Avenue 98 (BKC Annex), Mumbai, Ascent - Worli, Mumbai & Pune IT Building. Further, the Trust acquired 2 marquee Grade-A office campuses, Commerzone Pallikaranai and One Radial in partnership with 360 One, located along the Pallavaram-Thoraipakkam Road (PTR), Chennai. The Trust also expanded the portfolio by acquiring office spaces at Commerzone, Yerawada, Pune, with a cumulative leasable area of 46,000 sq. ft., by consolidating the ownership over the park.
Mindspace Business Parks REIT share price as on 23 Jul 2026 is Rs. 497.42. Over the past 6 months, the Mindspace Business Parks REIT share price has increased by 1.75% and in the last one year, it has increased by 18.8%. The 52-week low for Mindspace Business Parks REIT share price was Rs. 409.02 and 52-week high was Rs. 511.68.
543217
MINDSPACE
INE0CCU25019
Jun
Mindspace Business Parks REIT FAQs
You can buy Mindspace Business Parks REIT shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Mindspace Business Parks REIT Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jul 22, 2026 03:59 PM the closing price of Mindspace Business Parks REIT was Rs.497.42.
The latest PE ratio of Mindspace Business Parks REIT as of Jul 22, 2026 03:59 PM is 47.46
The latest PB ratio of Mindspace Business Parks REIT as of Jul 22, 2026 03:59 PM is 1.12
The 52-week high of Mindspace Business Parks REIT share price is Rs. 511.68 while the 52-week low is Rs. 409.02
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 22, 2026 03:59 PM, the market cap of Mindspace Business Parks REIT stood at Rs. 32,928.86 Cr.
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