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India office realty market surges to record high net absorption in 2024

India's office market has emerged as a crucial destination for global companies scaling their workforce and real estate presence, highlighted by a record high in net absorption in the year 2024. The sector continued to witness robust activity, driven by sustained occupier demand across major cities and a strong push from key industries.

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Office leasing rises 19% in 2024 in top 8 cities on strong demand: C&W

India's office market was very active in 2024 with gross leasing of workspace witnessing a 19 per cent increase to a record 885.2 lakh square feet across eight major cities, according to Cushman & Wakefield.

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Office demand in key business hubs outpaces supply: Mindspace REIT CEO

India's key office markets Bengaluru, Hyderabad, Pune, and Gurugram are witnessing higher demand for premium workspaces than new supply and this will lead to a drop in vacancy rates as well as an increase in rentals during 2025, Mindspace Business Parks REIT CEO Ramesh Nair said.

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We anticipate momentum to persist into 2025

These are exciting times, and we have been actively pursuing organic as well as inorganic growth. So, expect us to continuously grow on the back of a healthy balance sheet.

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Blueprinting A Future-Ready Workforce

Retaining top talent is not just a human resources concern anymore; it is a strategic need for business success. Especially with larger organizations which have been in business for years, managing a multi-generational workforce and evolving employee expectations becomes a critical matter.

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‘Breaching Rs 500 Cr NOI mark Is significant achievement’

The record-breaking distribution and the year-on-year growth are outcomes of consistent operational and financial performance. Our committed occupancy rate rose from 87.6 per cent to 91.7 per cent over the past year, with notable leasing success that included 2.1 million sq. ft this quarter alone.

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Chalet’s next 1,000: acquisitions, new builds to fuel hotel chain’s aggressive expansion

Chalet Hotels Ltd is preparing to add another 1,000 rooms in India’s big cities over the next few years, including through acquisitions, seeking to expand its capacity by about one-third in the country’s heated hospitality sector.

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We combine cutting-edge designs and advanced engineering to create sustainable, timeless structures

The luxury real estate market is evolving with changing buyer preferences and modern innovations. Sustainability is now a key focus, with eco-friendly designs, energy-efficient features, and green certifications gaining importance.

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K Raheja Corp Leverages Volunteering Policy to Support ArtShala's School Painting Project

As part of the ‘Time off for Volunteering Policy’, K Raheja Corp group, India’s leading Real Estate conglomerate recently hosted an employee volunteering activity christened ‘ArtShala Paint a School’, combing the English word ‘Art’ and the Marathi word ‘Shaala’ meaning school.

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Chalet Hotels: Interview on NDTV Profit on Robust H2 Outlook

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Black Friday 2024: Indian Retailers Gear Up for Massive Growth

Retailers across various categories have already kicked off their Black Friday campaigns, with expectations of 10% – 200% sales growth compared to last year

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Mindspace Business Parks REIT awarded 10 Sword of Honour

Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio, has received the 10 Sword of Honour Awards from British Safety Council for 2024, marking the sixth consecutive year that Mindspace REIT has been recognised for its exemplary commitment to safety, setting a new standard as the REIT with the highest number of Sword of Honour awards among all listed REITs.

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Changing Role of HR in Modern Workplace

In today’s competitive world, HR's role is strategic in building future-ready organizations. Through innovation, empathy, and data-driven decision-making, HR professionals are focusing on technology-integrated, and agile work environment.

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How Malls Strategize to Blend Experience, Tech & Community Building - with Rajneesh Mahajan, Inorbit Malls

In this episode, CEO of Inorbit Malls, Rajneesh Mahajan shares his insights with ETRetail's Anurag Sharma on how malls are transforming to meet the demands of today’s experience-driven, digitally-savvy consumers.

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Mindspace REIT NOI crosses ₹500 cr for first time in Q2

Mindspace Business Parks REIT leased gross 2.1 million sq ft in Q2 of FY25, and net operating income crossed the ₹500 crore milestone, rising over 5 per cent on year.

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Chalet Hotels achieves best-ever Q2 revenue, unveils new Goa beachfront project

The consolidated performance for Q2FY25 shows a 20 per cent year-on-year increase in total income, which reached INR 3.8 billion. EBITDA stood at INR 1.6 billion, maintaining a stable margin of over 40 per cent. Profit before tax (PBT) was recorded at INR 794 million, representing a 79 per cent increase from the previous year. However, profit after tax (PAT) saw a decline due to a one-time non-cash impact caused by changes in long-term capital gains indexation under the Finance (No. 2) Act, 2024

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ET Now: Leaders of Tomorrow with MD and CEO of Commercial Business, Mr. Vinod Rohira

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Mindspace Business Parks REIT CEO sees ‘all-time record’ for office REITS

Ramesh Nair, CEO of Mindspace Business Parks REIT talks about enhancing shareholder returns through increasing occupancy levels, and how RBI’s impending rate cuts will benefit profitability going forward. He notes that even is there is a slowdown in U.S. markets, global capability centers in India are compensating for this trend.

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CNBC TV18 X Sanjay Sethi, MD & CEO, Chalet Hotels

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K Raheja Corp Homes Unites Communities with the ‘WE WILL’ Initiative

K Raheja Corp Homes, the residential business of K Raheja Corp, proudly announces the successful conclusion of the 2nd edition of its ‘WE WILL’ initiative.

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Shoppers Stop FY25 Q2 results: sales grow 4%, EBITDA totals Rs 157 crore

Department store and omni-channel fashion and beauty retailer Shoppers Stop saw its sales grow by 4% in the second quarter of the 2025 financial year and its earnings before interest, tax, depreciation, and amortisation totalled Rs 157 crore.

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Are Buyers Leaning More Towards Luxury Homes

Comfort, privacy, top-tier amenities, and more are on the priority list of current homebuyers. According to data released by Anarock Research, the share of luxury residential launches priced between Rs 1.5 crore and Rs 2.5 crore, as well as those above Rs 2.5 crore (ultra-luxury), has surged from nine per cent in 2020 to 25 per cent in the first half of 2024, reflecting a rising demand for luxury homes.

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Realtors expect 20-40 per cent jump in festive sales

Property developers are expecting 20-40% yearly growth in festive sales in December quarter of FY25. Most of them have lined up a series of launches during the quarter. October to December quarter is crucial for developers as it accounts for about 40% of their sales. In last December quarter of previous financial year, companies in the BSE Realty Index posted 5.4% growth in net sales.

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Rising incomes, aspirations, consumption draw mall developers to tier II cities

The combination of rising income levels, increasing aspirations, and a surge in consumption levels has turned India’s tier II cities into attractive investment destinations for mall developers and institutional investors.

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Princeton Digital Group to set up largest data center hub in India at Mindspace Airoli

Global data center operator Princeton Digital Group has entered into a strategic partnership with K Raheja Corp-backed Mindspace Business Parks REIT to develop the formers’ largest data center campus in India, at Mindspace Airoli West.

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Top builders expand workforce as housing boom propels growth targets

Real estate firms have been on a hiring spree to expand their workforce to meet aggressive growth targets as the post-pandemic housing boom continues.

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Home bookings pick up ahead of festive season

City-based developers are expecting robust demand from homebuyers in the upcoming festive season, after a tepid April-Sept period of 2024. This season is also crucial for the real estate sector as it makes up a significant portion of their annual sales.

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Mindspace REIT becomes first REIT to get its Net Zero Plan Assessed by Global Network for Zero

Mindspace Business Parks REIT announces its partnership with the Global Network for Zero (GNFZ), the world’s premier independent net zero certification body. This partnership marks a major milestone in Mindspace REIT’s dedication to environmental sustainability, advancing its goal to certify the entire portfolio as net zero by 2042.

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Job fair for PWDs, trans persons draws over 400 applications

Over 40 companies from different sectors came forward on Wednesday to participate in a first-of-its-kind job fair for Persons with Disabilities (PwDs) — individuals with speech and hearing impairments, young women from marginalised communities, and members of the transgender community in the city.

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Mindspace REIT & Nirmaan.Org To Empower Youth Through Skilling & Employment initiatives

Mindspace Business Parks REIT has partnered with Nirmaan.Org to provide essential skills and empowering individuals for gainful employment. This collaboration which launched as a pilot project in April 2024, has already seen significant success, with 480 participants enrolled to date.

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Buyers of High-End Projetcs Value Exclusivity

Rising household incomes are driving the demand for residential properties in India, says Ramesh Ranganathan, chief executive, K Raheja Corp Homes, a real estate company. He discusses the five factors transforming Indian luxury real estate in 2024

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Mindspace REIT Q1 FY25 Results

Interview with the management of Mindspace REIT on CNBC Asia, focusing on the quarter performance.

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The Wealth Creators: Will Premiumization Drive Hospitality? | Sanjay Sethi on Chalet Hotels | ET Now

Watch as Sanjay Sethi shares the journey of Chalet Hotels and the outlook for the sector

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Demand Continues To Outpace Supply, Expect Occupancies & Rates To Grow From Here On: Chalet Hotels

Chalet Hotels Ltd reported a good performance in Q1 FY25 - CNBC TV18

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Chalet Hotels reports Q1 FY25 results

Highest Q1 revenues with a total of INR 3.7 billion, 17 percent higher than Q1 FY24 with reported EBITDA of INR 1.5 billion, 31 percent higher than the same period in FY24.

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Union Budget 2024: Jobs focus and a lower fiscal deficit are big pluses

Union Budget 2024: Corporates in Mumbai think the reform process is in on track; entrepreneurship will be encouraged through angel tax abolition.

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The new supply of retail spaces: Expansion at the forefront

The industry experts converged at ETRetail ShopFwd Summit 2024 to discuss what is propelling the growth of retail, and how brands and malls can collaborate together to felicitate this growth further in a compelling panel discussion.

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Ultra-luxury real estate: Selling homes that last generations

At the northern end of Worli, the outline of a vast new project is taking place. Christened 360 West, this mixed-use development in central Mumbai comprises a Ritz-Carlton hotel as well as residences managed by them. Apartments which start at ₹40 crore come with access to a pool, tennis courts, a gymnasium and spa, bowling alley and world-class restaurants.

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Why is construction waste management important?

Construction and demolition (C&D) waste management is an integral part of corporate sustainability, both locally and globally. The real estate sector is one of the major contributors to global waste. Due to its operational scale, it generates large quantities of debris. This, if not disposed of correctly, can critically affect land and water and increase greenhouse gas emissions. Effective waste management can alleviate environmental risks for optimised resource utilisation, recycling and future

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Mumbai sells record ₹12,300 cr of luxury homes in Jan-June period as buyers upgrade to bigger apartments

Luxury homes in Mumbai, India's most expensive real estate market, clocked record sales of ₹12,300 crore in the first half of 2024 on the back of growing demand for high-end properties, with Worli cornering more than a third of the purchases.

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World Bank member IFC invests Rs 650 cr in Mindspace REIT’s sustainability-linked bonds

Global development institution International Finance Corporation (IFC), a member of the World Bank Group, has invested over Rs 650 crore in K Raheja Corp-backed Mindspace Business Parks REIT through an issue of sustainability-linked bonds.

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Mindspace REIT raises ₹650 crore from IFC via sustainability-linked bonds

Mindspace Business Parks REIT has raised ₹650 crore from International Finance Corporation through the issuance of sustainability-linked bonds. The coupon of the bond is linked to Mindspace’s commitment to achieve certain ESG targets towards building a greener eco-system.

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HR Expert’s Blueprint to Building A Diverse, Engaged & Successful Workforce

Diversity in today’s business world is serious business. Although promoting diversity makes ethical and moral sense, however, it is important to note that it also strengthens organizations in more ways that one. Data suggests that companies with diverse teams are more likely to outperform their peers and have better financial outcomes. Organizations committed to diversity also attract and retain talent more easily. The business case for diversity has never been stronger.

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Shoppers Stop aims to open 60 new INTUNE stores in FY25

Multi-brand fashion retailer Shopper Stop plans to open 60 new stores under its affordable retail format INTUNE in the current fiscal, a top official has said. Through INTUNE, Shoppers Stop aims to capitalise on mass premium opportunities, disrupting India's value fashion landscape, according to the latest annual report of the K Raheja Corp group firm.

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“I Celebrate Pride Month By Fully Embracing My Authentic Self”

In honor of Pride Month, we are privileged to share the inspiring journey of Sonalee Chaukekar, a transwoman who has navigated significant challenges to carve out a successful career as a Front Office Executive at Mindspace Business Parks REIT. Sonalee's story is a powerful testament to resilience, determination, and the profound impact of inclusive workplaces. In this candid interaction, she discusses the pivotal moments that have shaped her personal and professional life, the hurdles she has f

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Single-owned commercial assets outperform strata properties across key India cities

Investors in India’s commercial real estate market are increasingly preferring single-owned and managed properties over strata-owned ones as they offer higher returns, operational efficiency, and greater attractiveness, according to experts.

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Ultra-luxury housing in India sees shift to ultra-customised marketing

With the rise of ultra-luxury housing in India comes ultra-customised marketing. Developers selling high-end homes, priced above Rs 20 crore, are moving away from traditional marketing for these homes to newer methods, such as painstaking profiling of customers before showing them the property, augmented reality for visualisation of interior decor, virtual tours, and closed-door international shows.

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South India office market on the fast lane driven by IT sector, GCCs

Within Embassy REIT’s Portfolio, Its Bengaluru Assets Are At An Occupancy Rate Of Over 90 Per Cent, And Its Entire Development Pipeline Of 6.1 Million Square Feet At An Investment Of Rs 3,800 Crore Is Concentrated In This City | File Image

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Uber-luxe homes are coming, from Prestige, DLF and Raheja

Bengaluru: Buoyed by hot sales of homes priced ₹2-4 crore, top real estate developers are now laying the next big foundation: super luxury homes priced upwards of ₹10-15 crore.

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Mindspace Business Parks REIT Launches Electric Shuttle Service At Mindspace Madhapur

Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio located in four key office markets of India, launches the Electric Shuttle Service, at its Mindspace Madhapur Business Park (Hyderabad), as part of its ESG initiatives. The service targets saving 4500kg of CO2 equivalent emissions annually, along with 5500 litres saving of diesel per year.

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Raheja Amaltis marks K Raheja Corp Homes’ maiden venture in Sion

K Raheja Corp Homes, the residential business of the K Raheja Corp Group, marks its entry into the vibrant neighborhood of Sion, Mumbai, with Raheja Amaltis, its premier residential project just off the Chembur-BKC connector. Located in Sion, the project has views of the BKC Skyline, the Maharashtra Nature Park, and the radiant cityscape, and has been conceived to provide a boutique, low-density luxurious development, coupled with world-class, state-of-the-art amenities in the micro-market.

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Gender parity in the modern workplace: Strategies for organisational achievement

With rapid innovation and technology, modern workplaces are increasingly setting newer examples for a progressive work environment. However, when it comes to achieving gender parity, we have a more critical narrative to change. The UNDP Gender Social Norms Index report claims that around 75.09% of individuals in India hold an economic bias against women’s right to work and their standing in the workplace. Hence, organisations have a crucial task to do – establish gender parity, empower minoritie

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Chalet Hotels registers 52% growth in PAT in FY ‘24

Chalet Hotels Limited, part of K Raheja Corp, has recorded its highest hospitality revenue at INR 3.8 billion in Q4Fy24, registering 24 percent YoY growth and record consolidated income at INR 14.3 billion with a 22 percent growth over Fy23.

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Hyderabad's green buildings beat back rising heat

Hyderabad's green buildings, certified by IGBC, offer residents cooler indoor temperatures, natural light, ventilation, and significant savings on electricity bills. Features like solar-powered water heaters contribute to monthly savings of 700-1,000, promoting sustainability and resource conservation.

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Mindspace REIT records highest-ever quarterly leasing of 2 million sq ft in Q4

Mindspace Business Parks REIT has recorded gross leasing of over 2 million sq ft in the quarter ended March, making it the highest ever leasing since its listing in August 2020. With this, the K Raheja Corp-backed REIT’s total leasing to 3.6 million sq ft in the financial year 2023-24.

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Shoppers Stop Q4 Results | Retail chain's net profit shoots up 62%

Retail chain Shoppers Stop Ltd on Monday (April 29) reported a 62.3% year-on-year (YoY) jump in net profit at ₹23.2 crore for the fourth quarter that ended March 31, 2024.

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Single-owned office assets attract premium rents versus strata-owned

Traditionally India’s office space is dominated by office buildings that are strata-owned, leading to poorly managed office spaces, but that is changing as developers with deep pockets or backed by institutional money are constructing offices that have single ownership.

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Sanjay Sethi, MD & CEO, Chalet Hotels Limited, featured in the newest edition of HAI Engage

The recent conclave organized by the Hotel Association of India (HAI), centred around the theme “Hospitality - The Engine for GDP Growth & Employment”. With approximately 250 senior delegates and esteemed speakers such as Smriti Irani, Union Cabinet Minister, Vinai Kumar Saxena, Lieutnant Governor of Delhi and Amitabh Kant, G20 Sherpa, the event fostered a crucial dialog

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Retail real estate in growth mode as consumption, incomes rise: Study

Commercial real estate players are looking to expand their footprint in the retail segment, driven by India’s increasing consumption and income levels. The domestic consumption market in India is likely to rise considerably in the coming decade, supported by rising income levels and an increase in spending capacity, especially among the burgeoning young aspirational population, according to a joint study by the Confederation of Indian Industry and Knight Frank.

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Design-driven demand: Global architects sought in India's luxury real estate

India’s undiminished appetite for premium and luxury homes has driven demand for global architects, with project design now emerging as a pivotal selling factor for developers and a crucial consideration for buyers seeking overseas living standards at their condominiums in Mumbai, Bangalore or Delhi-NCR.

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Selecting a REIT: Factor in capital gains and dividend payouts

Real estate investment trusts (REITs) have been garnering much attention recently. Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch has urged investors to look positively at this asset class (along with infrastructure investment trusts or InvITs). The Indian REITs Association, a newly formed umbrella body, has meanwhile requested Sebi to classify REITs as equities and petitioned the Reserve Bank of India (RBI) to allow banks to lend to REITs.

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SSBeauty unveils largest beauty store in India

Department store chain Shoppers Stop’s beauty retail arm SSBeauty has launched the largest beauty store in India, the company said in a press release on Friday. Located on the first floor of Quest Mall, Kolkata, the massive outlet is spread across 9,000 sq. ft. of retail space.

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Hotel chains open hiring doors to all

Aashin Moitra is joining The Lalit Suri Hospitality Group as the general manager of Kitty Su, its chain of nightclubs across locations such as Mumbai, Bengaluru and Chandigarh. Prior to her transition as a transwoman, Moitra, in her previous identity, had worked with the chain as director of sales and marketing in Mumbai.

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Into the HR strategies of Westin Hitec City’s ‘ALL-WOMEN Operated Hotel’

Aradhya points out that as their business is in the public domain, they have been very mindful that the performance evaluation is done directly by the people walking into the hotel. "We cannot compromise on the quality and the parameters of any job roles. Everything has been done bit by bit from hiring to training people to the level of what the job role requires. One needs to have much more patience to fill up the workforce, when you are working on a mission like this," she says.

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REDEFINING THE BLUEPRINT of corporate workplaces

Ramesh Nair, CEO, Mindspace Business Parks, illuminates the company's pioneering efforts in crafting dynamic, community-centric workspaces that prioritise tenant well-being and foster a sense of belonging, positioning Mindspace as a frontrunner in the evolution of modern office environments.

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What’s Trending in Hospitality Sustainability, Digitization, Healthy Lifestyles

First wealth is the new health. People now opt for health span over lifespan. Not only wanting to live longer, but they want to make these years count longer.

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Celebrating differences, fostering growth: Mindspace Business Parks’ CHRO shares their DEI strategy

Backed by K Raheja Corp, Mindspace Business Parks is at the forefront of transforming traditional workspaces into vibrant communities for global businesses, under the leadership of Urvi Aradhya as the Chief Human Resources Officer. With a focus on diversity, equity, and inclusion (DEI), Urvi plays a pivotal role in shaping the organisation's approach.

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Sustainable smart homes: Changing the face of Indian real estate

The real estate industry has undergone a significant transformation, in the past few years with sustainability becoming an unavoidable necessity rather than a conscious choice. Developers are now prioritising eco-friendly goals by adopting alternative construction methods to reduce carbon emissions. They are incorporating ecological procedures, such as advanced air conditioning systems, rainwater harvesting, solar panels, water recycling, etc., to efficiently manage the consumption of energy & w

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Navigating The Future: HR Trends To Watch In 2024

The landscape of human resources is continually evolving, shaped by technological advancements, societal changes, and the ever-shifting needs of the workforce. As we step into 2024, human resources strategies are gearing up for significant evolutions, driven by technological advancements, and a heightened focus on sustainability.

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K Raheja Corp introduces PowHER

In a significant move towards furthering workplace diversity and inclusivity, K Raheja Corp has launched its inaugural Women’s Employee Resource Group (ERG) – PowHER. With a core committee of 15 members, the newly established ERG is a voluntary, employee-led group with three core areas of focus viz. supporting women’s professional development, enhancing networking opportunities, and promoting holistic wellness within the workplace. A group level initiative, this ERG will serve women across the b

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Transforming Workplaces

In the dynamic real estate industry in India, we are keenly aware of the evolving trends that are shaping our workplaces. The year 2024 is set to bring a host of changes, influenced by technological ad-vancements, shifting workforce demographics and a growing emphasis on employee well-being and sustainability.

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Ace Turtle partners with Shoppers Stop to expand Dockers in India

Ace Turtle, a technology-native retail company and Shoppers Stop, an omni-channel fashion and beauty marketplace, has announced the launch of Dockers, a khaki brand. As per the company, Dockers’ collection for men will be available across 15 Shoppers Stop stores and on Shoppers Stop platform.

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Rising remittances from Gulf NRIs pump up India’s luxury property sector

The surge in expat interest in India’s luxury home segment is said to be prompting some of the leading Indian real estate players to look at partnering with leading developers from the Middle East, especially Dubai – to launch projects in India

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Chalet Hotels Expands Portfolio with Acquisition of Courtyard by Marriott Aravali Resort

Chalet Hotels, a part of the K Raheja Corp group, has finalized the acquisition of Courtyard by Marriott Aravali Resort for INR 315 crore. This 158-room property, sprawled across eight acres, has been on the market for approximately a year, as per a notification filed with the exchange by the hotel company.

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Chalet Hotels acquires Marriott property Courtyard for ₹315 crore

Chalet Hotels, part of K Raheja Corp group, has acquired Courtyard by Marriott Aravali Resort for ₹315 crore. This 158-room property spread over eight acres had been on the market for about a year now, the hotel company said in an exchange notification on Friday.

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Chalet Hotels Limited achieves top ranking in Dow Jones Sustainability Index

With an overall score of 57 out of 100 (CSA Score Date: 16/02/2024), marking a significant improvement of 43 in the 2023 S&P Global Corporate Sustainability Assessment reflecting an improvement of 14 points over last one year.

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Chalet Hotels will continue to invest in large inventory hotels

Chalet Hotels, a part of K Raheja Corp group, has set ambitious plans to expand its portfolio of "big-box", or large inventory, hotels, aiming to add approximately 800 rooms to its offerings. Having earmarked ₹2,000 crore as current capital work-in-progress, the expansion will increase its total room count to 5,000 in the next three to four years.

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“Innovation, adaptability, and strategic planning are imperative”

In the dynamic landscape of 2024, Chalet Hotels Limited envisions transformative trends shaping the hospitality industry, characterized by resilience, innovation, and strategic alignment.

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Budget 2024 – Real estate awaits impactful policies and industry status to foster growth

The luxury real estate sector in India has shown significant growth potential in 2023, driven by positive market sentiments. Despite global and economic uncertainties, there has been a remarkable upswing in demand, which is expected to continue in the upcoming years.

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The Westin Hyderabad HITEC City achieves prestigious LEED® Gold Rating

The Westin Hyderabad HITEC City, under the ownership of Chalet Hotels Limited, proudly announced the USGBC ( US Green Building Counsil) LEED® (Leadership in Energy and Environmental Design)Gold Rating, marking a significant milestone in its commitment to sustainable development.

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Westin Hyderabad HITEC City gets LEED gold rating

The Westin Hyderabad HITEC City, owned by Chalet Hotels Limited, has been awarded the LEED Gold Rating by the US Green Building Council (USGBC). The certification, presented by Mr. Gopalakrishnan Padmanabhan, Managing Director of GBCI India for Southeast Asia and the Middle East, highlights the hotel's commitment to sustainable development.

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Mindspace REIT’s Q3 net operating income up 10.4% YoY

Mindspace Business Parks REIT reported a 10.4 per cent rise in its net operating income for the December quarter at ₹473 crore, while revenue rose 13.5 per cent to ₹596 crore, backed by gross leasing of 4.5 lakh square feet and contracted rent escalations.

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Mindspace REIT Q3 profit up 16% at Rs 147 crore; declares distribution of Rs 285 crore to unitholders

Mindspace Business Parks REIT on Monday reported a 16 per cent increase in its consolidated net profit to Rs 146.8 crore for the latest December quarter and announced distribution of Rs 285 crore to unitholders, mainly in the form of dividends.

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Mindspace REIT leases 4.5 lakh sq ft office space in December quarter

Mindspace Business Parks REIT has leased office spaces spread over 4.5 lakh sq ft in the quarter ended December, taking its cumulative leasing for the nine months of the current financial year to 1.6 million sq ft.

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Chalet Hotels Q3 Results Review – Risk-Reward Turning Unfavorable!: Dolat Capital

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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K Raheja Corp’s Chalet Hotels sees growth led by both occupancy and rates

Mumbai-based Chalet Hotels is looking at a blend of occupancy and rate to drive growth. Sanjay Sethi, Managing Director and CEO of the international high-end hotel chain pointed out the six percentage point increase in occupancy rates to 71% in the last quarter

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Chalet Hotels Standalone December 2023 Net Sales at Rs 370.75 crore, up 34.25% Y-o-Y

Net Sales at Rs 370.75 crore in December 2023 up 34.25% from Rs. 276.16 crore in December 2022.

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Luxuriating in Demand

Things are looking up in the luxury housing segment. Sales almost doubled between the January and September 2023 period as against the previous year, to 9,200 units from 4,700 units, respectively, according to CBRE.

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Two weather stations in Airoli to aid climate risk study by IIT-Bombay

The internet-enabled devices will make readings in real-time; climate-focussed data can help predict extreme weather events and make infrastructure resilient to climate change

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IIT Bombay, Mindspace REIT collaborate on climate risk assessment

Weather stations are Internet-of-Things enabled devices that allow monitoring and analysing of relevant climate variables, providing real-time readings and environmental parameters

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Here’s why rich Indians are lapping up luxury properties

Few launches in the luxury housing segment and the fear of missing out on the most desirable properties is making these units fly off the shelf in Delhi-NCR

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Retrofitting Indian office spaces for ESG compliance: A transformative opportunity

Indian offices, totalling 300-350 million sq ft, are set to undergo a makeover as companies prioritise compliance with ESG (Environmental, Social, and Governance) norms and eco-friendly operations, according to Colliers.

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Chalet Hotels Limited launches 100 Days Wellness Challenge

Recognising the pivotal role of employee well-being, Chalet Hotels Limited has meticulously crafted a 100 Days Wellness Challenge, a strategic initiative aimed at promoting a culture of health and well-being in its workforce.

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Top workplace wellness trends to watch for in 2024

When contemplating improvements in your business, prioritising wellness should be at the forefront for leaders. Your employees constitute your most valuable assets, and without optimal physical and mental health, they might not deliver their best to you or your company. Moreover, our workplaces often serve as our second home, with some of us spending more time there than in our own residences.

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Making sustainability ‘real’ in real estate

As the world grapples with challenges related to population growth, environmental degradation, and climate change, the real estate and construction sector has emerged as a leader in adopting sustainable practices

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Year In Review: “Leaders Reshape Workplace Strategies Amid Return To WFO”

Over the past year, there has been a noticeable shift away from widespread remote work towards a return to working from the office. The collaborative energy that arises when employees work together creates an atmosphere conducive to generating innovative ideas and solutions. In response to this shift, HR professionals are taking a leading role in reshap

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Raj Kapoor’s bungalow in Chembur to Sunil Dutt’s bungalow in Pali Hills: Celebrity homes big draw for buyers

People pay millions for any article once owned by celebrities. Real estate gets a bigger rub of star power, as houses owned by film stars have extra appeal for buyers. No wonder then, developers are lapping up a fair share of Bollywood bungalows and converting them into super luxury residential projects.

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Residential real estate market in 2023 sees strongest performance in over a decade

Christmas is just around the corner. But, for residential real estate, celebrations began early, given the strong traction this sector has had through 2023. Post COVID-19, demand for homes picked up as people chose to move into their own larger homes or shift to housing complexes. Even rising interest rates over 2022-23 didn't dent demand. Various estimates now suggest that 2023 is likely to be the best ever year for home sales as well as launches in more than a decade.

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Realty firm K Raheja Corp Homes sees strong buyer demand from West India

Realty developer K Raheja Corp Homes has seen a surge in buyer interest from the Middle East region, which constitutes about 7-8 per cent of the total sales. Hyderabad and Pune have emerged as top picks for investors seeking opportunities in their home country. Over the last three years, K Raheja Corp Homes has established a solid foundation of steady business from Middle Eastern markets.

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K Raheja Corp Homes, Chalet Hotels unveil luxury gated community in Koramangala

Chalet Hotels and K Raheja Corp Homes have entered into a strategic alliance for a luxury residential development, in the Koramangala micro-market of Bengaluru. Spread across an expansive 8.25-acre premium land parcel owned by Chalet Hotels, the project will be exclusively marketed by K Raheja Corp Homes.

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K Raheja Corp sees revenue of ₹1,700 crore from luxe project in Bengaluru

K Raheja Corp Homes, the residential vertical of developer K Raheja Corp group, has taken its luxury brand ‘Vivarea’ to Bengaluru with a project in Koramangala with a revenue potential of ₹1,700 crore. Built on a 8.25-acre land parcel owned by group company Chalet Hotels, the luxury project has nine towers and 300 apartments.

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Build in India: Inside the great construction boom

A general view of residential buildings amid the coastal road construction work in Mumbai on 1 December. The Mumbai metropolitan region (MMR) currently has 592,650 residential units under construction.

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Retention is the new recruitment, says Urvi Aradhya, CHRO, K Raheja Corp Homes in a rapid-fire chat

As the organisation navigates the challenges of the modern workplace, People Matters spoke to Urvi Aradhya, CHRO, K Raheja Corp Homes to explore the proactive approach adopted by HR professionals to manage stress and prevent its escalation. In a sector known for its on-site requirements, she reveals the secrets to maintaining a sense of teamwork and collaboration while accommodating diverse age groups.

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India Inc making workplace more inclusive for persons with disabilities

As the world celebrated International Day of Persons with Disabilities (PwD) on December 3, corporate India has kept up with efforts to make workplaces more inclusive and accessible.

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International Day Of Persons With Disabilities: “Talent Is The Ultimate Equaliser”

Urvi Aradhya, CHRO at Mindspace Business Parks believes that when talent is the compass and the centre, discrimination becomes obsolete and that leaders must work towards making diversity their greatest strength, so they can find the abilities in the disability

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Mindspace Business Parks REIT receives nine Sword of Honour awards by British Safety Council

Mindspace Business Parks REIT has received nine Sword of Honour Awards for each of its assets that have received Five Star Rating by British Safety Council’s Occupational Health and Safety Audits. The recognition spans seven assets, collectively encompassing an expansive operational area exceeding 24msf. The audit was conducted to assess the safety and health of the asset portfolio.

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MNC offshore units plan to lease 62 mn sq ft by 2025

Global capability centres, offshore units of multinational corporations that operate across the globe, are leading the office space take up in India and are the expected to lease 60-62 million sq ft between 2023-25, according to a CBRE report.

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Realtors see 10-30% jump in pre-Diwali sales

The luxury real estate sector is witnessing a remarkable surge in the introduction of new residential projects, with price tags spanning from `2-3 crore to as high as `15 crore, Ranganathan stated.

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Hyderabad: Madhapur emerges as thriving hub for Mindspace Business Parks REIT

As the city's real estate market continues to thrive, Mindspace's leasing activities in Hyderabad have contributed significantly to its overall growth and market value.

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Mindspace Reit Sets-Up Infrastructure Monitoring & Operations Centre

Mindspace Business Parks REIT (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio, is driving change in the commercial real estate ecosystem by adopting innovative practices, while prioritizing sustainability and operational efficiency, with the setting up of its Infrastructure Monitoring & Operations Centre (IMOC).

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Mindspace REIT raises the sustainability bar with IMOC

Mindspace Business Parks REIT is driving change in the commercial real estate ecosystem by adopting innovative practices, while prioritizing sustainability and operational efficiency, with the setting up of its Infrastructure Monitoring & Operations Centre (IMOC). Offering centralized control and real-time analytics for mechanical, electrical, and plumbing (MEP) utilities, this system complements

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“Having Diverse Leaders Strengthens An Organisation”

Urvi Aradhya, CHRO, K Raheja Corp talks about #IncludeHer, a set of policies for its women talent, with the intent of driving workplace equity in an exclusive conversation with Krishnendra Joshi, Editorial Lead, BW People.

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The Rise of Tech Talent in India’s Real Estate Sector

In a landscape marked by rapid technological evolution, the infusion of tech talent within the real estate sector has emerged as a pivotal necessity says Urvi Aradhya, CHRO. K Raheja Corp Homes

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Mindspace implosion of Hyderabad towers offers a rethink of redevelopment processes

Being a planned upgrade-driven implosion, the process can open the floodgates to the safe redevelopment of old or outdated commercial or residential real estate in crowded areas of cities. It also takes away the sting of court-imposed orders which have triggered earlier implosions

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The role of commercial real estate in shaping a sustainability-driven future

Raman Sapru, director, design & engineering, Mindspace Business Parks, elucidates on the common sense of looking out for the long term

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Realtors bet big on ultra luxury properties

“DLF has always performed well in luxury and customers trust our brand. It is just that pipeline has come up now,” said Aakash Ohri, joint managing director at DLF.

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How engaging workplace can help cos nurture talent

In the ever-changing landscape of modern businesses, an organisation’s success and growth are inherently linked to its ability to attract, nurture, and retain top-tier talent. A robust personnel acquisition and retention strategy is key for sustained long-term growth for any company.

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In Conversation With Urvi Aradhya, Group CHRO, K Raheja Corp Homes

The underrepresentation and disparity of women in STEM are the result of deep-rooted biases says Aradhya in this exclusive conversation with BW People.

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How this experiment helps employees interact with nature more directly

A corporate experiment seeks to tap into nature’s nervous system to create a space of calming melody for its urban workforce.

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Mindspace REIT acquires 2.4-lakh-sq-ft property in Chennai

Mindspace Business Parks REIT has acquired a commercial asset spread over 2.4 lakh sq ft at Commerzone Porur in Chennai, for nearly Rs 182 crore enabling 100% ownership of the property.

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Mindspace REIT Construction World September 2023

At present, India’s paints and coatings industry is worth `620 billion and estimated to touch`1 trillion in the next five yearsaccording to paint manufacturing company Akzo Nobel India.

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Mindspace REIT creates unique Bio-Sonification Zone at its campus in Airoli

It allows individuals to immerse themselves in the serene biorhythms of living plants, providing a tranquil escape during their midday work breaks. Through the bio-sonification technique, sounds of 15 different species of plants have been recorded and converted into relaxing soundscapes

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The future of green real estate: Net zero energy buildings and technological innovations

The real estate industry has undergone a remarkable transformation in recent years, with sustainability and environmental responsibility taking centre stage. Green real estate, characterized by energy-efficient and sustainable buildings, has emerged as a driving force in the market.

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How Inclusive Is India Inc.?

Companies have the intent to hire people with varied sexual orientations, physical disabilities, and neuro diversities. However, only the top firms are walking the talk.

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This project will incorporate latest technologies and innovations

Raheja Modern Vivarea is spread across 3 acres, with two west-facing towers and views of the Golf Course, Racecourse and Arabian Sea.

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Facades: Poetry in motion

The building envelope is a critical area of a building’s design. It is one of the most significant exterior elements for building functionality. Façades and building envelopes not only form the outer skin of buildings, but also project image and creative intent. As technology continues to improve,

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CW identifies today’s in-demand genet features and tomorrow’s potential must-haves.

Estimated at 777.22 billion in 2022, the Indian diesel generator market is expected to touch 7151.58 billion by 2030, expanding at a CAGR of 8.8 per cent, according to P&S Intelligence. Within this market, the commercial segment is expected to achieve a CAGR of 10 per cent, on the back of construction activity and the growing need for reliable power supply. That said, residential buildings account

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Hz Exclusive: Know how Sonali Chowkekar made an identity in the society despite being transgender

Even today, people in our society question the personality of people belonging to the LGBTQ+ community without thinking about them.

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K Raheja Corp Homes to develop luxury project on BR House plot in Mumbai’s Juhu

Realty developer K Raheja Corp’s residential development entity K Raheja Corp Homes is planning to redevelop BR House, the family house of one of the foremost filmmakers of Bollywood, B.R. Chopra, into an ultra-luxury project.

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Technology looks to improve employee experiences for tomorrow

If one word were to define the post-pandemic change for companies, it is P-E-O-P-L-E.As people shrug off the impact of the pandemic, hoping to forget the scars, companies are doing their part to make the workplace more welcoming. Evidence from pandemics in the past indicate that while the psychological burden may appear immediate, it could linger for years.

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Workers feel at home in office with hybrid

At a time when organisations are pitching for a full return to office, most employees find hybrid mode better for their psychological safety and well-being because of work-life balance. Psychological safety, a term that is gaining traction in the post-pandemic workplace, is a belief held by team members that it’s okay to take risks, express ideas and concerns, speak up with questions

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India’s real estate market a hotspot for foreign investors

Various reasons influence their investment decisions, including the urge to come back ‘home,’ a lifestyle that adapts comfortably to the global best, evolving demographics, improving property standards, and offerings from reputed Indian developers.

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Energy Efficient Solutions

HVAC systems market is growing with the increasing demand for energy-efficient and sustainable solutions, advancements in technology, and growing infrastructure development.

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Real Estate Trend & Expert Advise with K Raheja Corp Homes

On this episode of Paisa Vaisa, we dive into the world of real estate with Ramesh Ranganathan, CEO at K Raheja Corp Homes.

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Greener Footprint. Greener Business

"The world today faces serious and impending threat from global warming and climatic change affecting the environment. With the emission of green house gasses, and global temperatures set to rise at a rate of 2-3 degree Celsius, the scenario is likely to seriously affect developing countries like India.

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WHY GREEN REAL ESTATE MAKES BUSINESS SENSE

Buildings account for more than 60% of carbon emissions in cities. With rising concerns about global warming and climate change among the public and industry stakeholders, the real estate sector too is switching to sustainability goals.

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IWD 2023: Top 20 women HR leaders shaping the future of tech

Women have been historically underrepresented in leadership positions, especially in the tech sector.

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Expected innovations and trailblazing trends in the HR Budget this year

Experts said that there will be a greater emphasis on Learning; there will be a rise in Algorithm HR, Amalgamation of Metaverse and AI, and a focus on Variable Pay, ESOPs and Financial Literacy too! Additionally, with the roll out of the 5G technology, the tech sector is expected to see a boom with an increase in jobs and the sector at large.

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K Raheja Corp, Modern India ink pact to develop 1-million-sq-ft luxury project in South Mumbai

Realty developer K Raheja Corp’s residential development arm K Raheja Corp Homes has entered into an agreement to develop a 1-million-sq-ft luxury housing project spread over 3-acre prime land parcel in South Mumbai’s Mahalaxmi locality.

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Aiming towards pay parity for women at work

The World Inequality Report 2022 estimates that men in India earn 82% of labour income while women make only 18% of it. Recently, Gita Gopinath, First Deputy Managing Director, IMF, spoke at the Korea Gender Equality Forum voicing the significance of equal pay scales for women.

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Scripting Residential Growth Story

K Raheja Corp has been in the residential business for decades. It is now, that similar to Group’s other verticals of hospitality (Chalet Hotels), retail (Inorbit) and commercial (Mindspace), a distinct identity has been created for the residential business as K Raheja Corp Homes.

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Meritocracy at work: The culture that breeds equality while honouring differences

Universally workplace is known as an institution where employees devote themselves and their skills to create value. Nowhere does gender emerge in this definition, nor has it ever been an accurate means of measuring talent or estimating efficiency.

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Corporate India – On its way to achieving gender pay parity

If I were to ask you to imagine a broker, civil engineer, or even a plumber, chances are you would imagine a male in different attires.

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Construction World – Doors and Windows

From standardised versions that bedeck highrises draped in showy facades to customised offerings crafted to gratify individual tastes, doors and windows come in a host of materials and have become agents of wellness, energy efficiency and sustainability.

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Resilient Performance

Despite the recent challenges in the office space, Mindspace Business Parks REIT, sponsored by the K Raheja Corp group, has shown a great deal of resilience.

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We must remember, artificial intelligence is still a tool & needs humans to operate it: Urvi Aradhya of K Raheja Corp

“We are not in an age of technology-induced obsolescence, but in times of tech-enabled transformation,” said Urvi Aradhya of Raheja Corp.

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Designing sustainable cities and towns of the future

Slow living, eco-friendly processes, environmental consciousness! These aren’t just taglines in an advertising campaign, but values that people are looking to weave into their lives – every part of it

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The Better Half of Boardrooms: Changing Representational Bias in Indian Corporates

Women are just as competitive and equally competent. But their perspectives often lead to focus on building interpersonal skills and help teams work stronger together. A rising tide lifts all boats after all, not just one at the expense of many.

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While upgrading technology, we need patience and perseverance: Urvi Aradhya, CHRO, K Raheja Corp

“There was only 80 per cent absorption across the group in the first year of implementation of the performance evaluation model and it took two years to get fully stabilised,” said Urvi Aradhya.

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Nurturing millennial leaders of tomorrow

We are witnessing a dramatic shift in executive leadership. Millennials are filling the void left by baby boomers and a part of gen-xers retiring. As they take over, they are also bringing with them a fresh perspective on business leadership.

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Pros and cons of glass facades

A recent fire in June 2022 at Dev Complex, a hospital near Parimal Gardens in Gujarat, retrained the spotlight on glass facades and the ensuing problems of ventilation, fire evacuation and fire safety. ..

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Facades: Drawing destinies

Façade brings a personality to a building besides embodying the building a character and making it live.

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Coffee Culture: How is it impacting the workplace?

What do you do when you come to the office and start working or when you are not ableto concentrate at work or need a break?

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Home prices up on strong demand; Mumbai, Bengaluru lead with 9% rise

Property markets across India are witnessing appreciation in residential prices supported by robust uptake in sales owing to realisation of need for housing among homebuyers, lower interest rates and a quick rebound in economic activities post waves of Covid19 pandemic.

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How do recruiters see the crazy resume encounters?

What extent will people go to secure a job these days? A man sharing his resumes to various startups in Bengaluru by impersonating as a delivery boy grabbed netizens' attention last week.

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A Homebuyer’s Guide To Green Buildings

Siddharth Tiwari, 30, has been looking to buy his first home in Mumbai. Having worked at a pan-India cement maker, he has a thorough understanding of the city's real estate market. And yet, never before had he heard of a green building.

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Walk the urbane sky

The footbridge or the new skywalk that circles Mindspace in HiTEC City not only looks like an architectural marvel, it even feels like one.

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Role of Diversity and Inclusion in Hospitality HR Trends 2022

The Covid-19 pandemic has disrupted all facets of the economy globally. The hospitality sector was especially hard hit but as with all disruptions, there is now a newfound opportunity for growth.

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Going Touchless

ESG stands for Environmental, Social and Governance. From financial year 2022-2023, the top 1,000 listed companies in India (by market capitalisation) will need to prepare a ‘business responsibility and sustainability report’ (or BRSR), containing detailed ESG disclosures.

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Will housing prices go through the roof soon?

Today, at 'Artesia', a 152-unit luxury residential complex in Mumbai's south central Worli area built by K. Raheja Corp, the cost of the 20% odd inventory that remains unsold has been pushed up to I lakh per sq ft.

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“‘Return to office’ is playing out in India as well”

Mindspace Business Parks REIT (real estate investment trust) offers one of the largest, grade A office portfolios in India spread across Mumbai, Hyderabad, Pune and Chennai.

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IVM Podcasts: How do REITs work in India?

This week on #PaisaVaisa, Anupam Gupta is joined by Vinod Rohira, Chief Executive Officer, Mindspace Business Parks REIT where they discuss what's happening in commercial real estate in India, REITs, and much more! Anupam and Vinod talk about the brief introduction about Mindspace Business Parks REIT, their other properties & distribution, and what happened to REIT in the pandemic.

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K Raheja Corp Homes strengthens offerings in Pune

K Raheja Corp’s residential vertical, K Raheja Corp Homes, which has played an integral part in putting the NIBM micro-market on the map of Pune with its development of approximately 1.3mn sq-ft residential offerings, launches soon-to-be-named project.

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On Higher Ground

CW takes a look at how – amid the pandemic – architects, builders, and developers are raising the bar in terms of technology while opting for an elevator, escalator or walkalator...

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K Raheja Corp becomes First Indian Real Estate Developer to adopt Arc Re-Entry to ensure safe building operations

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Harish Rao inaugurates 100-bed facility at Kondapur District Hospital

As part of expanding government healthcare services in the IT corridor, a new third floor with 100-beds at the District Hospital Kondapur was inaugurated by Health Minister, T Harish Rao on Wednesday.

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Rethinking employee retention in a competitive environment

In an increasingly competitive business world, top talent is in high demand. Every organisation wants to have the best workforce, and in today’s economic environment there is stiff competition for personnel at the top of their game.

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Towards a sustainable future

The real estate sector is gradually adding more sustainable elements to its processes

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K Raheja Corp to assist talent on career break to re-enter mainstream workforce

K Raheja Corp, a leading real estate conglomerate, has launched the Relaunch policy that aims to help professionals return to the mainstream workforce after a career break.

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Exclusive: We are excited about the robust demand cycle re-emerging, says Mindspace Business Parks REIT CEO Vinod Rohira

Vinod Rohira, CEO, Mindspace Business Parks REIT, in an exclusive interview with Moneycontrol's Vandana Ramnani talks about the outlook of the commercial real estate market and real estate investment trusts (REITs).

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The amazing rebound of uber-luxury real estate

In February 2018, Donald Trump Jr., the eldest son of former US President Donald Trump, zipped back and forth between Gurugram and Delhi, promoting The Trump Organization's luxury residential project.

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Celebrating failure is the key to driving innovations: Travel industry experts

One of the worst-hit sectors of the economy, the hospitality and travel industry, is thinking up newer ways of doing business with a strong focus on innovations to find more appropriate solutions and efficient processes to help it bounce back.

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Face the world

Schueco India along with Construction Week organised a webinar on Futuristic Facade Designed to Last and the marvellous innovations here No layman can deeply appreciate the beauty of a good and novel facade.

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Green buildings & construction: Green codes

It’s unfortunate that it took a pandemic to make us realise the importance of a healthy lifestyle. But the pandemic has caused a major shift in consumer preferences, since safety and hygiene is given more importance.

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K Raheja Corp sets up covid war room

K Raheja Corp has various initiatives to help fight the pandemic. One of the key initiatives is a centralised 24×7 covid war room backed by a team of employees committed to assist colleagues and in some cases even non-employees with emergency services.

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Realty developer K Raheja Corp sets up ‘Covid19 War Room’, encourages community, selfcare

Realty developer K Raheja Corp has set up a centralised 24x7 Covid War Room backed by a team of employees committed to assisting colleagues and in some cases even non-employees with emergency services.

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Covid deaths: Companies go all out to aid families

As India continues to battle a ravaging second wave of Covid, many companies are showing solidarity by extending monetary and non-monetary benefits to families of employees claimed by the coronavirus.

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Watch *Mr. Vinod Rohira, CEO, Mindspace Business Parks REIT*, today, live on *CNBC TV18 at 1:40 PM*. He talks about Q4 FY21 and Annual performance of the entity.

Watch Here

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Covid-19 Returns: Impact On Office Real Estate

Multiple lockdowns and continued 'work from home' have emptied out offices. Today on the property show, we discuss India's commercial real estate with industry's top leaders and experts - Vinod Rohira, CEO of Mindspace Business Parks REIT and Anshul Jain, MD, India & South-East Asia at Cushman & Wakefield - to understand the impact of the second wave on office real estate market

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Deepak Parekh’s wife buys luxury property in Mumbai for Rs 50 crore

HDFC chairman Deepak Parekh’s wife has bought an apartment worth Rs 50 crore in Mumbai, the latest high-value residential deal in India’s financial capital.

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Mumbai’s luxury market continues its upward swing in the pandemic on the back of stamp duty cuts

For the ultra-rich, closing high-end deals is no more than a number, particularly when it comes to upscale realty. India’s commercial capital, as ever, remains the epitome of this syndrome, pandemic, or no pandemic.

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REITS: THE NEW REAL(I)TY

Leading the way in 1960, the US Congress signed a legislation introducing Real Estate Investment Trusts (REITs) to bring the benefits of commercial estate to the common American, which were largely available to financial institutions and wealthy individuals.

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MINDSPACE BUSINESS PARKS REIT LEASES 6.30 LAKH SQ FT TO DATA CENTER OPERATOR

Mindspace Business Parks REIT has leased 6.30 lakh sq ft space in its project Mindspace in Mumbai’s Airoli suburb to a data centre operator.

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MINDPSACE REIT’S SPV TO SUBLEASE 6.3 LAKH SQ FT IN MUMBAI TO DATA CENTRE OPERATOR

Mindspace Business Parks REIT on Monday said its arm Gigaplex Estate has entered into an agreement to sub-lease about 6.3 lakh sq ft space in Mumbai to a data centre operator.

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K Raheja Corp to bear vaccination cost for all employees in India

As the country observes National Vaccination Day on March 16th, K Raheja Corp has announced that it will cover the cost of covid-19 vaccination for all its employees in its offices across India.

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Flexi-working model will be in focus while going forward: Urvi Aradhya, K Raheja Corp

Urvi Aradhya, CHRO, K Raheja Corp, said, “With health and safety at the centre stage of priorities, the hybrid model of work has already kicked in, and people are choosing days to ‘work from home’ and to ‘work from office’.

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MINDSPACE BUSINESS PARKS REIT THIRD QUARTER NET PROFIT AT RS 140 CRORE

Mindspace Business Parks REIT on Wednesday reported a consolidated net profit of Rs 140 crore for the quarter ended December and declared a distribution of Rs 283.5 crore to unitholders.

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Mindspace reit q3 results: reports net operating income of rs 358 cr firm declares rs 283 cr dividend

K Raheja Corp and Blackstone-backed Mindspace Business Parks REIT has reported a 6.3% sequential growth in net operating income of Rs 357.8 crore for the quarter ended December.

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Is the 9-to-5 job a thing of the past? Here is what employers have to say

The spread of COVID-19 across the globe had a disruptive effect on our day to day life. With the spread of the pandemic making it impossible to go to offices, ‘work from home’ became the motto for both employers and employees.

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WFH to ‘phygital’ and virtual commute: How Covid has changed working world

WFH’, among Oxford Language’s recently chosen “Words of an Unprecedented Year”, is likely to continue into 2021 too

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Office Real Estate To See Growth In 4-5 Quarters

While foreign investors continue to place long-term bets on India’s commercial office market, global firms hit a pause on picking up new office spaces.

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Prioritizing professional development through digital learning

A robust training and development system is crucial for any organization and HR professionals should have access to high-quality learning programmes that help in retaining and upskilling staff.

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Building an effective virtual onboarding program while working remote

Employee experience is a key determinant of an organization’s success and how true they are to their values. Onboarding new employees is a very important part of company culture as it sets the tone for what the employee can expect at the organization in his/her tenure.

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As WFH employees start burning out, companies rejig leave policies

A silent epidemic of burnout is brewing as more than a hundred days have passed since work-from home employees have felt bold enough to apply for a break.

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K Raheja Corp bags ‘Seal Environmental Initiative’ award

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K Raheja Corp bags SEAL Environmental Initiative Award for sustainability initiatives at Mindspace Business Parks

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Mindspace Business Parks Bags SEAL environment award for sustainable initiatives

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K Raheja Corp bags SEAL Environmental Initiative Award for sustainability initiatives at Mindspace Business Park

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K RAHEJA CORP Bags SEAL environment initiative award for sustainability initiatives at ‘MINDSPACE BUSINESS PARKS’

K RAHEJA CORP Bags SEAL environment initiative award

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K Raheja Corp’s Mindspace Business Parks wins SEAL Award, US

Very Happy to share that KRaheja Corp's Mindspace business parks has bagged the SEAL Environmental Initiave Award.

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10 Ways of Destressing

The first step towards effective management of work is to accept and identify the causes of such an inconvenience.

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K Raheja Mindspace Business Parks awarded 3 Swords of Honour by British Safety Council

Three of Mindspace Business Parks, the commercial business from K Raheja Corp, offering Grade A office spaces across key locations in India, have been awarded The Sword of Honor by British Safety Council at the event hosted recently at Merchant Taylor’s Hall, London. The three parks are Mindspace Airoli East (Mumbai Metropolitan Region), Mindspace Madhapur (Hyderabad) and Commerzone Yerwada (Pune).

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British Safety Council awards K Raheja Corps

K Raheja Corp’s Mindspace Business Parks that offers Grade A office spaces across key locations in India is proud to announce that British Safety Council has awarded 'The Sword of Honor' to three of its Business Parks- Mindspace Airoli East (Mumbai Metropolitan Region), Mindspace Madhapur (Hyderabad) and Commerzone Yerwada (Pune). The award was conferred at the event held at Merchant Taylor’s Hall, London.

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Favourable demand-supply dynamics for hotels

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K Raheja Corp strides towards building an all-inclusive work culture

The agenda of diversity is being taken very seriously by India Inc. It isn’t just gender diversity but diversity in all forms that is being given its due by the top brass in all large organisations. With the MNCs leading the way, other organisations are following in their footsteps to build a diverse workplace.

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Indian News and Times – Mindspace and Inorbit Malls come forward to shield Traffic Police from monsoons

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Times of india – City traffic police recive raincoats

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Augurs well for real estate sector

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Clean India Journal

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Business India on Chalet Hotels Ltd

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Ideal Home and Garden

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The importance od sports and wellness,for a perfect worl-life balance

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Raheja Artesia in Robb Report

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Vivarea in Robb Report

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K Raheja Corp gets USGBC LEED gold rating for Mindspace

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Synopsis – K Raheja Corp, one of India’s leading real estate conglomerates

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Synopsis – Real estate developer K Raheja Corp has received a Gold rating certification

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Mindspace- SLAN Corporate Tournament begins

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Corporate sports meet from today

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Mindspace -SLAN Corporate Tournament kicks off

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Andhra Jyoti-2019

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Construction & Architecture Magazine|| Eco-Friendly Build Ups

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K Raheja Corp bags ‘Environment Saver of the Year Award’

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Commercial realty will remain in demand

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HT Estates || How Green is your Office?

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What Makes Navi Mumbai Tick?

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Navi Mumbai, truly The New Mumbai

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K Raheja Corp gets USGBC LEED Gold Rating for Mindspace

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Mindspace at Madhapur in Hyderabad – Gold rating certification for Building 12 A

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Fitness and Run

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Color Run at Mindspace – Hyderabad

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What Rs. 1 Cr will get you in India’s real estate market

If you have a ₹ 1 crore budget to buy your dream home, it may either fetch you a tiny studio apartment or a plush three-bedroom duplex in a beautifully landscaped gated community—a minimalist studio in Bandra, a modest one-bedroom flat in suburban Mumbai or a spacious two-three bedroom apartment in Gurgaon or South Kolkata.

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Mindspace Madhapur’s 12A gets Gold Rating by USGBC

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Construction Week || Elevators & Escalators

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India’s best workplaces for women

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Human Capital | Work Life Balance by Urvi Aradhya

Here’s an authored piece by our CHRO, Urvi Aradhya on work life balance. At K Raheja Corp, we believe ‘people are a company’s greatest asset and competitive advantage’, and they most definitely need to strike the right balance in all that they do!

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Mumbai Mirror – Urvi Aradhya Article

Another authored piece by our CHRO, Urvi Aradhya on ‘Tips to succeed on your first day at work’.@urviaradhya @VinodRohira @MumbaiMirror #KRahejaCorp #FirstDayAtWork #Greatplacetowork #CHRO #Tips #Employees #MumbaiMirror

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Loksatta-Urban Farming

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Makeover of Durgam Cheruvu lake

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Durgam Cheruvu now a delight for walkers

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K Raheja Corp investing ₹ 2,000 crore in Navi Mumbai business parks

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Loksatta – Green Commercial Spaces and waste management

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People and Management

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Financial Express – Gera Developers & K Raheja Corp, Kharadi development

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KRC – Human Capital

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K Raheja Corp launches 4th tower at Raheja Vistas, Hyderabad

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ET Panache – Raheja Artesia

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Telangana Today – Durgam back to life

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Telangana today – New Chill Point

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Durgam Cheruvu Inaugration

We are all set for the inauguration and opening of the lake tomorrow, and the first story has appeared in the Eenadu newspaper, Hyderabad’s leading daily.

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Hyderabad Green again

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Durgam Cheruvu gets new lease of life

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Government initiatives and the changing landscape of urban centres in India

The urban centres of the country have been pulling in the rural population for offering several modem facilities. Amongst the chief metropolitan cities, Delhi, Mumbai and Kolkata are the most opted cities for offering a better lifestyle. On the other hand, Bengaluru, Hyderabad and Pune are emerging as IT hubs, mainly attracting people for employment in this sector.

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New in luxury apartments: Designer lobby, in-house spa

A dramatic overhead atrium draws the eye into the lobby, itself imbuing a fresh and cool ambience to residents with use of marbles sourced from across the world. Light installations shine, seating is classic with a subtle twist and a lounge bar welcomes with a richer palette of decorative screens, tonal sofas and rich wooden trims.”

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Mumbai real estate market to bounce back stronger with accessible, affordable housing

India’s real estate sector underwent a tremendous change with the introduction of reforms such as GST, RERA, and demonetization. A year later, most Indian metros including Delhi, Mumbai, and Bangalore, are observing a recovery with respect to sales and an interest from different and unexpected market stakeholders.

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How Maharashtra topped the IGBC Green Buildings List in India

The Indian Green Building Congress (IGBC) registered over 3,800 green buildings across the country. Formed in the year 2001, IGBC is a part of the Confederation of Indian Industry (CII). The council aims to enable a sustainable built environment for all. Besides, it also aims to make India a global leader in sustainable built environment by 2025.

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CEOs live it up closer to workplace

India’s chief executives can have their pick of places to live in, such as south Mumbai and the posh enclaves of south and central Delhi. Apart from that, premium Mumbai high-rises such as Sterling Apartments on Pedder Road, Samudra Mahal in Worli and NCPA Apartments in Nariman Point have been favoured haunts.

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Going green, being green

We have shifted to public transportation to help avoid vehicular emissions, switched to cleaner sources of energy and even turn off our lights every year for Earth Hour.

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The Mumbai creche that means toddlers aren’t left home alone

Construction sites in India that provide daycare are allowing cash-strapped families to build their children a future.

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The creation of a balancing compartment

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Demand for unfinished office projects on the rise

Tenants are rushing to sign up office space even before it hits the market, builders and brokers said, as commercial rentals rise in India’s top cities struggling with a shortage of premium space.

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Gold Rating by IGBC for K Raheja Corp’s Mindspace at Madhapur (Hyd)

Shabbir Kanchwala, senior vice president, K Raheja Group, told Telangana Today, There were a plethora of opportunities to receive the green certification.

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Navi Mumbai, truly, the New Mumbai!

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The Technology Conundrum

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Why Budget 2018 is a populist, progressive and pragmatic one

The Union Budget 2018, presented by finance minister Arun Jaitley, can be seen as a populist one, catering to the needs of the common man and the economy. The Budget 2018 has provided financial allocations in maintaining the government’s larger vision of ‘Building the Nation’ and ‘Housing for All’.

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Waste Management is the mantra for new-age Business Park

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K Raheja Corp’s Raheja Vistas, Chandivali gets IGBC Gold Rating

K Raheja Corp, one of India’s leading real estate conglomerates, has received a Gold rating, for their residential offering Raheja Vistas’s Building No. 39 at Chandivali, Mumbai.

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K Raheja Corp’s Raheja Vistas, Chandivali, gets IGBC Gold Rating

K Raheja Corp, India’s leading real estate conglomerates has received a Gold rating, for their residential offering Raheja Vistas’s Building No.39 at Chandivali, Mumbai.

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BMC SBA award to ‘Vivarea’

K Raheja Corp’s ‘Vivarea’ has been given ‘Best Residential Complex for E Ward’ award and “Gold Green Home certification’ by the BMC in a waste management audit (WMA) conducted on Mahatma Gandhi Day last year.

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K Raheja Corp’s ‘Vivarea’ awarded ‘Best Residential Complex for E Ward’ – Mumbai in cleanliness survey under the Swachh Bharat Abhiyaan

The cleanliness survey by the Brihanmumbai Mahanagar Palika, part of the larger Swachh Bharat Abhiyaan has certified K Raheja Corp’s premier residential offering Vivarea in Mumbai – Mahalaxmi as the ‘Best Residential Complex’ of E Ward (Mumbai).

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Trophy Estates

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An interview with the management

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K Raheja Corp’s ‘Mindspace’ lauded for Waste Management System under Swachh Bharat Mission

K Raheja Corp’s landmark commercial offering Mindspace in Airoli East has been reviewed and lauded for its waste management system under Swatch Bharat Mission, the developer said in a statement.

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K Raheja Corp’s Business Park – ‘Mindspace, Airoli East’ piloting best-in-class Waste Management System

K Raheja Corp’s landmark commercial offering Mindspace in Airoli East is leading the way with its end to end waste management system. Its work, in tandem with the Swatch Bharat Mission, India’s largest cleanliness drive by the PMOs office, the sustainable practices at the Business Park ensure every single piece of waste from inside of the Park is re-cycled and re-used inside the Business Park itself, with zero contribution to the City’s municipal waste.

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K Raheja Corp’s ‘Vivarea’ bags ‘Best Residential Complex’ under the Swachh Bharat Abhiyaan

K Raheja Corp’s premier residential offering Vivarea in Mumbai – Mahalaxmi has been awarded as the ‘Best Residential Complex’ of E Ward (Mumbai) by the Brihanmumbai Mahanagar Palika (BMC) under the Swachh Bharat Abhiyaan.

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The work-place breaks through time barriers

K Raheja Corp’s premier residential offering Vivarea in Mumbai – Mahalaxmi has been awarded as the ‘Best Residential Complex’ of E Ward (Mumbai) by the Brihanmumbai Mahanagar Palika (BMC) under the Swachh Bharat Abhiyaan.

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The ZEN of sports and wellness by urvi

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The ZEN of sports and wellness

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The ZEN of sports and wellness – Contd.

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Teaching Tree Carnival, Mindspace Hyderabad

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Teaching Tree Carnival, Mindspace Hyderabad (Telugu)

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Teaching Tree Carnival, Mindspace Hyderabad (Telugu)

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Teaching Tree Carnival, Mindspace Hyderabad (Telugu)

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Teaching Tree Carnival on January 20 (Telugu)

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Teaching Tree Carnival on January 20 (Telugu)

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Teaching Carnival on Friday

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Teaching Tree Carnival on January 20

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Building Human Real Estate

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Wellness at The Workplace