Mindspace Business Parks REIT MINDSPACE
K Raheja Corp-sponsored office REIT in Mumbai, Hyderabad, Pune and Chennai
Mapped in 1 theme: Real Estate.
Where Mindspace Business Parks REIT sits in the supply chain
Mindspace Business Parks REIT appears in 1 supply-chain layer in one theme, Real Estate.
Revenue and profit
| ₹ Cr | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | 2,462 | 2,596 | 3,216 |
| Net profit | 561 | 514 | 694 |
Latest-year revenue ₹3,216 Cr (FY26, company-wide). Wider screens show FY22 onwards.
Strengths
- Q1 FY27 NOI up 27.8% to ₹788 Cr; record DPU of ₹6.67 (+15%)
- Committed occupancy 95.8% excluding recent acquisitions
- Pipeline of sponsor assets to buy
Risks
- Hyderabad concentration and supply there
- Growth relies partly on related-party acquisitions from the sponsor
- Occupancy falls to ~92% including newly bought assets
Common questions
What does Mindspace Business Parks REIT do?
K Raheja Corp-sponsored office REIT in Mumbai, Hyderabad, Pune and Chennai.
Where does Mindspace Business Parks REIT sit in the supply chain?
Mindspace Business Parks REIT (NSE: MINDSPACE) is mapped in 1 supply-chain layer: Office REITs & landlords (Real Estate).
Who are Mindspace Business Parks REIT's peers?
In the Office REITs & landlords layer of Real Estate: Embassy Office Parks REIT, Knowledge Realty Trust, Brookfield India Real Estate Trust, Bagmane Prime Office REIT, DLF, Prestige Estates Projects and 1 more.
What is Mindspace Business Parks REIT's market cap and valuation?
As of 30 Oct 2026: market cap ₹31,948 Cr, P/E 41.0x, ROCE 7.6%, ROE 4.7%, dividend yield 2.44%.