Mindspace REIT Share Price in Focus; Pre‑Leases 5.3 Lakh Sq Ft to Chalet Hotels

Mindspace Business Parks REIT, managed by K Raheja Corp Investment Managers, has filed a Regulation 30 disclosure detailing a pre‑leasing arrangement for a building in its Hyderabad campus to Chalet Hotels Ltd, aiming to introduce a high‑end hospitality offering. 

Pre-Leasing Details for Mindspace Madhapur Campus 

The asset special purpose vehicle of the REIT entered a pre‑leasing agreement for a building of approximately 5.3 lakh sq ft of leasable space located at the Mindspace Madhapur campus in Hyderabad. The space will be used to develop a luxury hotel. 

Project Scope and Leasable Area Overview 

The development will comprise around 330 hotel keys together with ancillary commercial space. Final design approval and detailed layouts are pending, but the core and warm shell structure will be delivered by the REIT’s asset SPV. 

Financial Commitment and Estimated Cost 

The project is expected to require an outlay of about ₹350 crore. Funding will be sourced through the REIT’s balance sheet and external debt, with cost recovery built into a long‑tenure lease structure. 

Read More: Nexus Select Trust Share Price in Focus as it Invests ₹434 Crore For 50% Stake In Runwal Gardens Mall! 

Partnership Structure and Responsibilities Clarified 

Under the agreement, the REIT’s asset SPV will construct the building envelope, while Chalet Hotels will manage interior fit‑out, operations and hotel management. This separation ensures clear responsibility and execution efficiency. 

Mindspace Business Parks REIT Share Price Performance  

As of February 25, 2026, at 10:35 AM, Mindspace Business Parks REIT share price on NSE was trading at ₹487.98 up by 0.83% from the previous closing price. 

Conclusion 

Mindspace REIT’s pre‑leasing of 5.3 lakh sq ft to Chalet Hotels adds a luxury hospitality element to its Hyderabad campus, aligns with its tenant diversification strategy and meets the required SEBI disclosure standards. 

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