BSEGeneral1d ago · 19 Oct 2026, 05:17 pm
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 been named GRESB 2026 Sector Leader across both the Development and Standing Investments benchmarks, achieving a perfect score of 100/100 in the Development Benchmark and a score of 94.2 out of 100 in the Standing Investments benchmark.
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Mindspace Business Parks REIT - 543217 - Reg 23(5)(i): Disclosure of material issue
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October 19, 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), 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 named GRESB 2026 Sector Leader across
Development and Standing Investments, with a perfect score of 100/100 in the
Development Benchmark
Dear Sir/Madam,
We wish to inform you that Mindspace Business Parks REIT ("Mindspace REIT"), owner and developer
of quality Grade A office portfolio located in four key office markets of India, has been named GRESB
2026 Sector Leader across both the Development and Standing Investments benchmarks. In the 2026
GRESB Development Benchmark, Mindspace REIT achieved a perfect score of 100 out of 100 with a
5-Star rating. In the Standing Investments benchmark, it achieved a score of 94.2 out of 100 with a 5-
Star rating.
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
Compliance Officer and Company Secretary
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 Named GRESB 2026 Sector Leader Across
Development and Standing Investments
~ Achieves a perfect score of 100/100 in the Development Benchmark with 5-Star rating
~ Sector Leader titles across Development and Standing Investments
Mumbai, October 19, 2026: Mindspace Business Parks REIT (BSE: 543217 | NSE:
MINDSPACE) ('Mindspace REIT'), owner and developer of quality Grade A office portfolio, has
once again been recognised as a GRESB Sector Leader across both the Development and
Standing Investments benchmarks. This recognition is based on the GRESB Score and identifies
the highest-scoring entities within each sector, region and nature of ownership. In the 2026
GRESB Development Benchmark, the REIT achieved a perfect score of 100 out of 100, securing
the no. 1 position across the Office/Asia, Office/Listed and Asia/Listed categories, and was
named Global Sector Leader, Global Sector Leader – Listed and Regional Sector Leader. The
REIT also ranked 1st within its predefined peer group of 12 entities in India and secured a 5-
Star GRESB rating.
Mindspace REIT's Development score reflects full points across the assessed management and
development practices, including ESG governance, policies, risk management, stakeholder
processes and sustainability measures applied to development activities. The REIT has been
recognised as a Global Sector Leader in the Development Benchmark for four consecutive
years, while maintaining near-perfect development scores over this period and improving from
99.5 in 2023 to 100 in 2026.
In the Standing Investments benchmark, Mindspace REIT achieved a score of 94.2 out of 100,
securing a 5-Star rating and the Regional Sector Leader – Listed and Global Sector Leader –
Listed titles. The recognition marks an improvement from Regional Sector Leader in the previous
year to Global Sector Leader in 2026. The score also improved from 93.0 in 2025 and has risen
from 91.2 in 2023, reflecting continued progress in the assessment of its operational portfolio.
Key Highlights:
• Perfect Development score of 100/100, with a 5-Star GRESB rating.
• Three Development Sector Leader titles: Global Sector Leader, Global Sector Leader –
Listed and Regional Sector Leader.
• Ranked #1 across Office/Asia (1 of 16), Office/Listed (1 of 13) and Asia/Listed (1 of 38).
• Ranked #1 among 12 entities in the India Office peer group.
• Standing Investments recognised as Global Sector Leader – Listed and Regional
Sector Leader – Listed, advancing from Regional Sector Leader to Global Sector Leader
in 2026, with a score of 94.2/100 and a 5-Star rating, up from 93.0 in 2025.
• Perfect Management Score of 30/30 in both Development and Standing
Investments.
• 99.9% of the portfolio covered by green-building certifications, including
Standing Investments and Development projects.
• 91% of the completed portfolio is Green Building certified with Platinum
rating.
• 50.4% renewable energy share in the total operational energy mix in FY2026.
• 100% diversion of construction waste from landfill.
• Science Based Targets initiative (SBTi) validation of Mindspace REIT's
emissions-reduction targets under its buildings-sector criteria during FY2026.
Mr. Ramesh Nair, CEO & MD, Mindspace REIT, said, “The real test of sustainability is
how effectively it translates into the way buildings are designed, developed and operated.
These recognitions, reflects the consistency of our sustainability approach across our
portfolio. At Mindspace REIT, we are working across these stages to reduce the
environmental impact of our portfolio, from assessing embodied carbon in new
developments to improving operational energy performance. Our focus on resource
efficiency, responsible development and science-based climate targets is central to building
a portfolio that remains resilient as environmental expectations and business needs evolve.”
The results follow the integration of sustainability practices across Mindspace REIT's
development and operational portfolio. During FY2026, all new acquisitions were
assessed through Environmental and Social Due Diligence, with the process also
applicable to upcoming acquisitions. All new development projects are subject to
embodied carbon assessments through project-level life-cycle assessments, while
sustainable design measures include on-site renewable-energy systems.
The REIT's operational sustainability initiatives include assessing all LEED Operations
and Maintenance-certified buildings through Arc Energy Performance Scores. Its
emissions-reduction targets were validated by SBTi under its buildings-sector criteria
during FY2026, supporting a science-based approach to decarbonisation.
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.
About GRESB
GRESB is your strategic partner for sustaina
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