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Mindspace REIT to invest ₹4,185 crore in expansion

NEW DELHI: Mindspace Business Parks REIT plans to invest over ₹4,185 crore in capital expenditures for its ongoing projects from FY26 to FY28, targeting double-digit growth in net operating income (NOI) and net distributable cash flow (NDCF). The company, boasting an under-construction portfolio of 15 million sq ft and completed assets totaling 31 million sq ft, aims to bolster its presence in key cities—Hyderabad, Mumbai, Pune, and Chennai—while also branching out into data centres, hospitality, and mixed-use assets to diversify its revenue streams, as per Ramesh Nair, CEO & MD, in an exclusive interview. Below are edited excerpts: How has…

Thiruvananthapuram: New IT Spaces to Boost Technopark

Sure! Here’s a rewritten version of the content: Technopark THIRUVANANTHAPURAM: The city’s IT sector is on the brink of significant changes, with numerous projects underway in Technopark Phases I, III, and IV. Technopark is anticipated to create at least 50,000 jobs through these new IT spaces. CEO Sanjeev Nair emphasized that the developments across the three phases are set to transform the IT landscape in Thiruvananthapuram. “Our focus currently lies in maximizing the utilization of available land and completing ongoing infrastructure projects in Phases I, III, and IV. Once these are fully utilized, we will explore further expansion based on…