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Mindspace Business Parks REIT has informed the Exchange regarding Disclosure of material issue
Mindspace Business Parks REIT · 543217
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Mindspace Business Parks REIT has received the IGBC Green Landscape Gold Rating for its Mindspace Airoli East business park in Navi Mumbai, making it the first REIT in India to receive this distinction.
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Mindspace Business Parks REIT - 543217 - Reg 23(5)(i): Disclosure of material issue
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October 1, 2026
The Listing Department The Listing Department
The National Stock Exchange of India Limited BSE Limited
Exchange Plaza, Plot No. C/1, G - Block, Phiroze Jeejeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E), Mumbai - 400051 Mumbai - 400001
Scrip Symbol: “MINDSPACE” (Units) Scrip Code “543217” (Units) and;
Scrip Codes “974075”, “975068”, “975537”, “975654”,
“975763”, “976198”, “976691”, “977043”, “977120”,
“977297”, “977350”, “977614”, “977771”, “978031”
and “978082” (Non-Convertible Debentures) and;
Scrip Codes “731549” and “731985” (Commercial
Papers)
Subject: Mindspace Business Parks REIT receives IGBC Green Landscape Gold Rating for
Mindspace Airoli East Business Park, from the Indian Green Building Council
Dear Sir/Madam,
We wish to inform you that Mindspace Business Parks REIT (“Mindspace REIT”), owner of quality
Grade A office portfolio located in four key office markets of India, has received the IGBC Green
Landscape Gold Rating from the Indian Green Building Council (IGBC) for its Mindspace Airoli East
business park in Navi Mumbai. This makes Mindspace REIT the first REIT in India to receive this
distinction.
The copy of the Press Release issued in this regard is enclosed herewith.
The above information shall also be made available on Mindspace REIT’s website at:
https://www.mindspacereit.com/investor-relations/stock-exchange-filings
Please take the same on your record.
Thanking you.
Yours faithfully,
For and on behalf of K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Mridul Gupta
Company Secretary and Compliance Officer
Enclosure.: aa
K Raheja Corp Investment Managers Private Limited
(acting as the Manager to Mindspace Business Parks REIT)
Corporate Identification Number (CIN): U68200MH2023PTC406104
Regd. Office: Raheja Tower, C-30, Block ‘G’, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051
+91 - 22 - 2656 4000 | www.mindspacereit.com | reitcompliance@mindspacereit.com
Mindspace REIT’s Mindspace Airoli East earns
‘IGBC Green Landscape Gold Rating’, a first for an Indian REIT
Mumbai, 1st October 2026: Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace
REIT’), owner of quality Grade A office portfolio located in four key office markets of India, today announced
that its Mindspace Airoli East business park in Navi Mumbai has received the IGBC Green Landscape Gold
Rating from the Indian Green Building Council (IGBC). This makes Mindspace REIT the first REIT in India to
receive this distinction. While sustainability in commercial real estate often focuses on buildings, this
certification recognises green spaces within a business park as an integral part of the overall ecosystem,
contributing to biodiversity, well-being and workplace experience.
IGBC is India's apex green building body that promotes sustainable design and construction practices. While
most green certifications focus on a building's energy and water efficiency, the IGBC Green Landscape Rating
evaluates the design, management and ecological performance of an asset's landscaped areas, including flora
and fauna, resource efficiency and innovative sustainability practices.
The campus features several sustainable landscape initiatives which have led to this certification, including:
• Over 60% native and adaptive green cover, supporting local biodiversity
• Over 30% vegetation supporting local birds and insects, enhancing campus biodiversity
• Up to 77% energy savings through smart landscape lighting
• 100% on-site composting of landscape waste
Other innovative initiatives include a native plant nursery, stingless honeybee colonies, a butterfly garden,
a plant bio-sonification installation, and dedicated spaces for walking, sports, yoga and meditation.
Commenting on the certification, Ramesh Nair, MD & CEO, Mindspace REIT, said, “Sustainability at
Mindspace REIT extends beyond our buildings to the broader ecosystem across our campuses. The IGBC Green
Landscape Gold Rating for Mindspace Airoli East reflects how we integrate sustainability into the way we design
and operate our campuses. We will continue to strengthen this approach across our portfolio. For us,
sustainability has never been a checkbox; it has always been central to how we design, differentiate and deliver
value to our occupiers and investors.”
S. Karthikeyan, Executive Director, IGBC, GreenPro & CIES, said, “It is encouraging to see biodiversity and
nature-positive practices gaining importance in India’s commercial real estate sector. Mindspace Airoli East’s
Gold Rating reflects a thoughtful approach to enhancing biodiversity and responsible landscape management.
We congratulate Mindspace REIT on becoming the first REIT in India to achieve the IGBC Green Landscape
Rating at the Gold level. We hope this milestone encourages wider adoption of certified biodiversity and nature-
positive practices across the real estate sector.”
The certification serves as a validation of the sustainability initiatives already underway at Mindspace Airoli
East. These include a pilot smart water metering programme that uses IoT-enabled ultrasonic and clamp-on
meters to track water consumption in real time and flag leaks early. Building on the IGBC Green Landscape
Gold Rating, Mindspace REIT plans to extend similar landscape and biodiversity practices to other campuses
across its portfolio, alongside its ongoing programme of LEED and IGBC building certifications.
About Mindspace Business Parks REIT
Mindspace Business Parks REIT (SEBI Reg: IN/REIT/19-20/0003), sponsored by K Raheja Corp group, listed on the Indian bourses in
August 2020. The REIT owns quality office assets located in four key office markets of India, namely Mumbai Region, Pune, Hyderabad,
and Chennai, and is one of the largest Grade-A office portfolios globally. The portfolio has a total leasable area of ~46.2 msf comprising
of 36.0 msf of completed area, 6.6 msf of area under construction and 3.5 msf of future development. The portfolio consists of 7 integrated
business parks and 9 quality independent office assets with superior infrastructure and amenities. It has a diversified and high-quality
tenant base, with over 312 tenants. Most of the buildings in the portfolio are either Gold or Platinum Green Building Certified
(IGBC/LEED). The assets provide a community-based ecosystem and have been developed to meet the evolving standards of tenants, and
the demands of ‘new age businesses’, making it amongst the preferred options for both multinational and domestic corporations. To
know more visit: www.mindspacereit.com.