Key Metrics
Total Leasable Area
32.3 msf
Total Tenants
210+
Committed Occupancy
86.5%
Gross Contracted Rents from foreign MNCs
74.0%
Information above is as on 30th September 2023
Portfolio
Completed area
26.1 msf
Number of Office Parks
10
Number of Buildings
55
Under Construction & Future Development
6.2 msf
Information above is as on 30th September 2023
Leasing Metrics
Mark-to-Market upside in Rentals
3.7%
Weighted Average lease expiry
6.9 years
Leased to existing tenants
45.3%
Leased to new tenants
54.7%
Information above is as on 30th September 2023
Financial Metrics
Revenue from Operations (Q2FY24)
5,997 mn
Net Operating Income (Q2FY24)
4,912 mn
Distribution
(Q2FY24)
INR 4.79 p.u.
Net Debt to Market
Value
19.8%1
Information above is as on 30th September 2023
1For the purpose of Net Debt and LTV calculation, Cash and Cash Equivalents,
Fixed Deposits (with tenure > 3 months) which can be liquidated when required,
accounting & minority adj. are reduced from Gross Debt; and Market value is as on 30th September, 23
Performance Snapshot
Gross Leasing (Q2FY24)
0.8 msf
Area Re-leased (Q2FY24)
0.6 msf
Re-leasing spread
9.7%
Average rent for Gross Leasing
INR 75 psf
Information above is as on 30th September 2023
