Mindspace Business Parks REIT, based in Mumbai, achieved a record leasing of over 7.1 million sq ft in the fiscal year 2025-26, demonstrating strong demand in key markets. In the March quarter alone, the REIT recorded gross leasing of approximately 3.5 million sq ft, driven by commitments from global corporates. The REIT's net operating income (NOI) surged 37.4% year-on-year to reach ₹742 crore, while revenue from operations rose by 31% to ₹888 crore. For the full year, NOI increased 29.2% to ₹2,664 crore, reflecting both leasing traction and rental escalations. Ramesh Nair, MD & CEO of Mindspace REIT, noted that large tenants are committing early, indicating strong market confidence, particularly in Hyderabad, where nearly 2 million sq ft was pre-leased at its Mindspace Madhapur asset. The REIT also declared its highest-ever quarterly distribution of ₹6.64 per unit, totaling ₹431 crore, a 9.7% increase from the previous year. With a loan-to-value ratio of 24.3% and a stable cost of debt at 7.41%, Mindspace REIT is also expanding its footprint in Chennai through acquisitions worth ₹5,541 crore, positioning itself as one of the largest office asset owners in the city.