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Sunaina Rakesh Roshan Acquires ₹6.42 Crore in Mumbai Units

Representative image NEW DELHI: Sunaina Rakesh Roshan has acquired two commercial units in Vaidya West World One Aeropolis, Andheri East, Mumbai, totaling ₹6.42 crore. The first property costs ₹3.16 crore, featuring a carpet area of 113.06 square meters (1,217 sq. ft.), and includes two car parking spaces. According to property registration documents from the Inspector General of Registration (IGR), the transaction incurred a stamp duty of ₹18.98 lakh and registration charges of ₹30,000. The second unit, valued at ₹3.26 crore, offers a carpet area of 116.50 square meters (1,254 sq ft) and also comes with two parking spots, involving a…

US Firms Account for 33% of Office Demand in India’s Top 7 Cities

NEW DELHI: US companies have leased 64.5 million square feet of office space in India from 2022 to 2024 across seven major cities, accounting for more than one-third of total workspace leasing, according to JLL India. Data from real estate consultant JLL India shows that the total gross leasing of office space during the 2022-2024 period reached 190 million sq ft across Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. Of this, US firms rented 64.5 million sq ft of office space primarily to establish their Global Capability Centers (GCCs). Approximately 70% of the office space rented was for setting…

Mindspace REIT Secures ₹500 Crore with 10-Year NCDs at 7.63%

NEW DELHI: Mindspace Business Parks REIT (Mindspace REIT) has successfully raised ₹500 crore via a 10-year non-convertible debenture (NCD), according to a company announcement. The issuance was fully subscribed by a domestic life insurance company and features a fixed coupon of 7.63% per annum, with payments made quarterly. CRISIL and ICRA have rated the debentures as AAA/Stable. The funds raised will be allocated for refinancing existing debts, as the office REIT aims to extend its debt maturity profile and enhance the proportion of fixed-rate borrowings. Including this transaction, the company (along with its special purpose vehicles) has raised a total…