Mindspace REIT buys office spaces in Mumbai, Pune for Rs Rs 2,916 cr

Mindspace Business Parks REIT has acquired three prime commercial properties in Mumbai and Pune from its sponsor K Raheja Corp for Rs 2,916 crore. This strategic acquisition, comprising 8 lakh square feet, will increase the REIT's portfolio to 39 million square feet. The deal strengthens Mindspace REIT's presence in sought-after central business districts, adding high-quality assets with strong cash flows.