Overview: Mindspace Business Parks REIT

Total Leasable Area



2.1 msf



Future Development


Special Purpose <br>Vehicles (SPVs)

Special Purpose
Vehicles (SPVs)


Office Assets

Office Assets



Spread across

Mumbai Region, Hyderabad, Pune and Chennai


Largely operates under

Mindspace, Commerzone and The Square Brands

As on 31st March, 2021

What We Do

Our portfolio comprises five integrated business parks and five quality independent offices, totalling 30.2 msf of total leasable area, comprising 23.9 msf of completed area, 2.1 msf of under-construction area and 4.3 msf of the future development area, as of 31st March, 2021.

Our Portfolio

  • Mindspace Airoli East, Mindspace Airoli West, Paradigm Mindspace Malad and The Square, Avenue 61 (BKC) in Mumbai Region
  • Mindspace Madhapur and Mindspace Pocharam in Hyderabad
  • Commerzone Yerwada, Gera Commerzone Kharadi and The Square Signature Business Chambers (Nagar Road) in Pune
  • Commerzone Porur in Chennai

Our IT and office spaces are distinguished by their scale and infrastructure. They are located in the established micro-markets of their respective portfolio markets, with proximity and/or connectivity to major business, social, and transportation infrastructure. We believe that our portfolio assets allow us to attract large, quality tenants and position us as the ‘landlord of choice’ for large multinational clients who have a pan-India presence.

As of 31st March, 2021, our portfolio is well diversified with 164 tenants and no single tenant contributed more than 6.7% of our Gross Contracted Rentals. Our tenant base comprises a mix of multinational and Indian corporates.


Anbee Constructions LLP (“ACL”) and Cape Trading LLP (“CTL”) are the Sponsors of the Mindspace Business Parks REIT. Both ACL and CTL form part of the K Raheja Corp Group.

K Raheja Corp Business Overview


Grade A Office Spaces

Developed >25.7 msf


Commercial business parks

3,000+ operational keys


Malls K raheja corp

5 malls


Residential places K Raheja

Developed residential spaces across 3 key cities


Investing in REIT India

Leading retail platform with 280 stores across India

All the data mentioned here is as on 31st March, 2021

To know more about K Raheja Corp Group

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Axis Trustee Services Limited is the Trustee of Mindspace REIT. The Trustee is a registered intermediary with SEBI under the SEBI Debenture Trustee Regulations, as a debenture trustee having registration number IND000000494. As the Trustee, it ensures compliance with statutory requirements and believes in ethical standards and best practices in corporate governance. It aims to provide best services in the industry with its well trained and professionally qualified staff. The Trustee is involved in varied facets of debenture and bond trusteeships, including, advisory functions and management functions. The Trustee also acts as a security trustee and is involved in providing services with respect to security creation, compliance and holding security on behalf of lenders.

Axis Bank Trustee

Axis Trustee Services Limited

The Ruby, 2nd Floor, Senapati Bapat Marg, Dadar (West), Mumbai 400028
Tel: +91 22 6230 0451 | E-mail: debenturetrustee@axistrustee.com
Website: www.axistrustee.com


K Raheja Corp Investment Managers LLP is the Manager of the Mindspace Business Parks REIT (Mindspace REIT). The Manager shall be responsible for managing the assets and investments of the Mindspace REIT and undertaking operational activities of the Mindspace REIT in accordance with the SEBI (Real Estate Investment Trust) Regulations, 2014 and the Investment Management Agreement.

Know More

Mindspace REIT Structure

Mindspace REIT Structure

Growth Strategy

Portfolio with stable cash flow & strong growth

Mindspace REIT Growth Strategy

Awards & Accolades

Mindspace Airoli West

'British Safety Councils Five Star rating in the Five Star Occupational Health and Safety Audit for following Complexes in the year 2020 – 21'

By British Safety Council

Mindspace Airoli West, Mindspace Airoli East, Commerzone Pune, Mindspace, Madhapur Hyderabad

Mindspace Airoli West

'Sword of Honour for outstanding commitment to Health and Safety for following Complexes in the year 2020 - 21'

By British Safety Council

Mindspace Airoli West, Commerzone Pune

Mindspace Airoli West

'Best Commercial Project of the Year - Gera Commerzone Kharadi'

By Realty Plus Conclave & Excellence Awards

Mindspace Gera Commerzone Kharadi

Best Real Estate IPO India 2020

'Environment friendly project of the year '

By Estate Awards

Mindspace Business Parks, Airoli West (Mindspace REIT)

Best Real Estate IPO India 2020

'Mindspace: Best Real Estate IPO India 2020'

By CFI.co

Mindspace Business Parks REIT Projects

Mindspace Airoli East

'Seal Environmental Sustainability Initiative Award for Mindspace Business Parks'

By Seal

Mindspace Business Parks

Mindspace Airoli East

'British Safety Council Covid-19 Assurance Statements'

By British Safety Council

Mindspace Airoli West, Mindspace Airoli East, Mindspace Hyderabad,
Commerzone Pune, The Square, Pune, Paradigm, Malad

Mindspace Airoli West

'Environment Friendly Commercial Space Award for Mindspace Business Parks'

By Realty Plus Conclave & Excellence Awards

Mindspace Airoli (West), Commerzone Porur

Mindspace Airoli East

'Mindspace, Airoli East bagged the Award for the 'Best Environment-Friendly Office Space'

By The Economics Times

Mindspace Airoli East

Mindspace Airoli East

'British Safety Council's Five Star rating for Mindspace Airoli'

By British Safety Council

Mindspace Airoli (East)

Mindspace Airoli West

'Mindspace, Airoli West received the Award for ‘Best Commercial Project of the Year'

By Realty Plus Conclave & Excellence Awards

Mindspace Airoli (West)

Mindspace Airoli East

Best Sustainable Project Commercial – Mindspace Business Park, Airoli, Navi Mumbai

By Golden Brick Award

Mindspace Airoli (East)

Mindspace Madhapur

IGBC Green Campus certification of Gold Rating

By Indian Green Building Council

Mindspace Madhapur

Commerzone Yerwada

Commerzone Pune - Best Commercial Business Park

By Realty Plus Conclave and Excellence Awards 2018 - Pune

Commerzone Yerwada

Award Commercial park

'K Raheja Corp's Mindspace – Airoli East' wins the 'Times Realty Icons 2017 Award' for Iconic Business Park

By Times Group

Mindspace Airoli (East)

Mindspace Airoli

IGBC'S LEED India Core and Shell Gold for Mindspace Building no. 9, Airoli, Navi Mumbai

By Indian Green Building Council

Mindspace Airoli (East)

certification energy & environmental design

Received the LEED Platinum Certificate for Kharadi, Pune

By Indian Green Building Council

Gera Commerzone Kharadi