Investor FAQ

  • A REIT is a vehicle that enables owners of real estate to pool primarily income generating assets together in a portfolio and allows investors to buy ownership in real estate assets
  • REITs are universally accepted by global institutions and individual investors as product that provides liquidity, transparency, diversification, dividends, and performance
  • In India REITs are governed by SEBI (Real Estate Investment Trusts) Regulations, 2014 which primarily lay down the framework in line with the global REIT’s standards including:
    • Minimum 80% of total value of assets to be comprising of completed and income generating properties
    • Debt to not exceed 49% of total asset value
    • Minimum 90% of distributable cash flows to be distributed

Mindspace REIT owns a quality office portfolio located in four key office markets of India. Portfolio has total leasable area of 29.5 msf and is one of the largest Grade-A office portfolios in India. Portfolio comprises 23.0 msf of completed area, 2.8 msf of under construction area and 3.6 msf of future development area, as of March 31, 2020.

Mindspace REIT’s growth strategy is to ensure stable and long-term growth of portfolio in prime office markets through:

  • Pro-active property management, asset improvements and tenant engagement
  • Embedded organic growth and new development opportunities
  • Value accretive acquisitions

Anbee Constructions LLP and Cape Trading LLP are the sponsors of Mindspace REIT.

Both Anbee Constructions LLP and Cape Trading LLP form part of the K Raheja Corp group, which is one of India’s leading real estate development and retail business groups, with experience of over four decades in developing and operating assets across commercial, hospitality, retail, malls and residential segments. K Raheja Corp group has acquired and/or developed properties across various businesses of approximately 28.5 msf of commercial real estate, as of March 31, 2020.

K Raheja Corp group owns majority stake in Mindspace REIT.

Mindspace REIT's portfolio is valued at approximately INR 237 Bn as on 31st March 2020 as per Independent valuation as disclosed in Final Offer Document.

The Manager shall declare and distribute at least 90% of the net distributable cash flows of the Mindspace Business Parks Group as distributions to the Unitholders. Distributions shall be declared and paid on a quarterly basis commencing from first full quarter post listing of Units on the Stock Exchanges.

Dividends distributed by Mindspace REIT to Unitholders shall be exempt from Income tax in the hands of all Unitholders. Distributions in the form of Interest shall be taxable at the marginal tax rate applicable to the Unitholder.

Units of Mindspace REIT are listed on NSE & BSE and can be traded in a lot size of 200 units.