Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio located in four key office markets of India, reports results for the quarter ended December 31, 2022.

Net operating income (NOI) remained strong at Rs. 4,551 (2) mn in Q3 FY23, Up 16.8% YoY and 4.6% QoQ.

The company committed Occupancy further rises by ~140 bps QoQ to 88.3%

The company Plan to re-develop 1.6 msf ([1]) at Madhapur, to enhance the growth pipeline

Speaking on the results,  Vinod Rohira, Chief Executive Officer, Mindspace Business Parks REIT said on their strong set of numbers, “We are delighted to report yet another strong quarter, recording a gross leasing of 1.3 msf in Q3 taking the cumulative 9M FY23 leasing to 3.5 msf.