India is the number one office market in the world: Mindspace Reit

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India is the number one office market in the world: Mindspace Reit

K Raheja-backed Mindspace Business Parks Reit marked five years of listing on the Indian stock exchanges last month. The trust expects its net operating income (NOI) to rise by ₹900- ₹1,000 crore over the next 3-4 years. With a planned capex of ₹4,000 crore, the Reit aims to expand its portfolio through the redevelopment of older assets and acquisitions from both sponsors and third parties. Ramesh Nair, CEO & MD, and Preeti Chheda, CFO, shared insights on the Reit’s performance and growth strategy in a conversation with Prachi Pisal.

Source: Business Standard

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