Mindspace Business Parks REIT has received the IGBC Green Landscape Gold Rating from the Indian Green Building Council for its Mindspace Airoli East business park in Navi Mumbai. This achievement makes it the first Real Estate Investment Trust in India to receive this specific distinction.

The certification recognizes the integration of green spaces within the business park as a critical component of the overall ecosystem. Unlike traditional certifications that focus primarily on building energy and water efficiency, the IGBC Green Landscape Rating evaluates the design, management, and ecological performance of landscaped areas, including flora, fauna, and resource efficiency.

Sustainability metrics at Mindspace Airoli East

The campus implemented several initiatives to achieve the Gold rating, focusing on biodiversity and resource conservation. Key features include:

• Over 60% native and adaptive green cover to support local biodiversity
• Over 30% vegetation specifically supporting local birds and insects
• Up to 77% energy savings achieved through smart landscape lighting
• 100% on-site composting of landscape waste

Additional innovative practices deployed at the site include a native plant nursery, stingless honeybee colonies, a butterfly garden, and plant bio-sonification installations. The campus also provides dedicated spaces for walking, sports, yoga, and meditation.

Strategic implications for portfolio

Ramesh Nair, MD & CEO of Mindspace REIT, stated that sustainability extends beyond buildings to the broader ecosystem across campuses. He emphasized that this approach is central to designing, differentiating, and delivering value to occupiers and investors. S. Karthikeyan, Executive Director at IGBC, noted that the rating reflects a thoughtful approach to enhancing biodiversity and responsible landscape management.

What the numbers show

The certification highlights a shift in commercial real estate sustainability standards. While most green certifications prioritize operational efficiency metrics like energy consumption, this rating validates the ecological value of the asset's external environment. The data indicates that over 60% of the green cover is native or adaptive, directly linking landscape design to local biodiversity support rather than just aesthetic maintenance.

Mindspace REIT plans to extend similar landscape and biodiversity practices to other campuses in its portfolio. This initiative complements its ongoing program of LEED and IGBC building certifications. The REIT’s portfolio comprises 46.2 msf of total leasable area, with most buildings already holding Gold or Platinum Green Building Certifications.

Mindspace Business Parks REIT received disclosure regarding the purchase of 5,982 units by an immediate relative of Jayant Gosavi, Chief Operating Officer of the REIT's manager.

The transactions were executed on the National Stock Exchange between September 23 and September 29, 2026. The disclosure was filed under Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Transaction details

The buying activity occurred in five distinct tranches over seven days. The initial purchase of 100 units took place on September 23, 2026. Subsequent purchases increased the holding progressively, with the largest single tranche involving 2,000 units on September 24, 2026.

All purchases were made via the market mode. The immediate relative started with zero units held prior to these acquisitions. By the end of the period, the holding stood at 5,982 units, representing 0.00090% of the total unitholding.

Regulatory context

Jayant Gosavi is identified as a person forming part of "Designated Persons" of K Raheja Corp Investment Managers Private Limited, which acts as the Manager to Mindspace Business Parks REIT. The disclosure was submitted by Mridul Gupta, Company Secretary and Compliance Officer, on behalf of the Manager.

The filing confirms that no trading in derivatives pertaining to the securities of the company was reported for the relevant persons during this period. The ISIN of the trust is INE0CCU25019.