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After registration with SEBI, units of REITs will have to be mandatorily listed on exchanges and traded like securities.Securities and Exchange Board of India (SEBI) had notified REIT's regulations in 2014, allowing setting up and listing of such trusts, which are popular in some advanced markets.Fire breaks out at building on Pollock Street in Kolkata, fire tenders pressed into serviceKaty Perry & Orlando Bloom moving to Australia to raise their child? Approximately 84.9 percent of the Gross Contractual Rental were derived from multinational corporations and approximately 39.4 percent from Fortune 500 companies, realty experts said.Between April 1, 2017, to March 31, 2020, the firm leased 7.6 msf of office space, achieved average re-leasing spreads of 28.9 percent on 3.0 msf of re-leased space and leased 4.6 msf of new area to 60 tenants, achieving a re-leasing spread of 23.1 percent for 1.1 msf pf area re-leased during fiscal 2020, they said.The company cumulatively invested Rs 737 million to renovate its portfolio.Despite Covid-19, the company collected 99.4 percent of its Gross Contractual Rentals for the month of March 2020. Mindspace Business Parks REIT, backed by Mumbai-based realtor K Raheja Corp and private equity firm Blackstone Group, is expected to launch its initial public offering (IPO) in July-end to raise Rs 4,500 crore. "A building in the Mindspace Complex in Airoli was evacuated and disinfected as per protocol to tackle the coronavirus outbreak," he said.An official said a person from the Philippines, who was in the country on a 40-day visa, and was staying in a mosque in Vashi, also tested positive for novel coronavirus and has been quarantined in Kasturba Hospital. "A building in the Mindspace Complex in Airoli was evacuated and disinfected as per protocol to tackle the coronavirus outbreak," he said. Also find news, photos and videos on Airoli 130 Airoli, Mindspace jobs available in Airoli, Navi Mumbai, Maharashtra on Indeed.co.in. The Chennai property is Commerzone Porur, the offer document said.In Mumbai, the total leasable area with the company is 12.1 msf with occupancy of 86.5 percent. K Raheja Corp has filed the offer document with SEBI for the proposed IPO.Blackstone and K Raheja Corp are expected to offload units worth Rs 3,500 crore and the REIT is expected to sell fresh units of about Rs 1,000 crore in the issue, it said. It filed its addendum on June 25, 2020. In Hyderabad, the total leasable area is 11.6 msf with occupancy 97.4 percent. "He was in Vashi between March 3-12 for a religious function. 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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed. 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The mosque and the IT firm at Mindspace, Airoli, have also been asked to give a list of people who came in contact with both. Monthly Salary. In Pune, the properties include Commerzone Yerwada Business Park, Gera Commerzone Kharadi Business Park and The Square, Nagar Road. With this new REIT, the investor base will widen considerably, which is very good for the overall REIT space and sets a good foundation for the creation of more REITs. The office parks in Hyderabad are Mindspace Madhapur and Mindspace Pocharam. The timing is perfect given the lowest interest rates in the market, real estate analysts said.Besides, a majority of the company’s tenant base is IT and ITeS which has done well during the pandemic, they said.Mindspace would be the second REIT to list on the India Stock Exchange.
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