Mindspace Business Parks REIT reports an 8% rise in net income and plans to acquire a large IT park in Hyderabad.

Mindspace Business Parks REIT reported an 8% increase in net operating income to Rs 521.8 crore for the December 2024 quarter, up from Rs 473.1 crore last year. The company announced a distribution of Rs 5.32 per unit, totaling Rs 315.48 crore. Mindspace has leased over 1.7 million sq ft of office space and plans to acquire a 1.8 million sq ft IT park in Hyderabad, aiming to boost its portfolio further.

2 months ago
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