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satellite cities: Infra push, talent access helps satellite cities reshape India s commercial realty

India s commercial real estate landscape in satellite and tier II cities is undergoing significant transformation due to robust infrastructure development, strategic urban planning, talent availability, and lower cost of living. Cities like Navi Mumbai, Pune, Gurugram, Noida, and Hyderabad have seen extensive investment in road networks, metro connectivity, and digital infrastructure, making them attractive hubs for businesses.

Export Obligation Under Advance Authorization Scheme Is Complied, All Duties Are Exempted: CESTAT

The Ahmedabad Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that the goods were cleared under the advance authorization scheme, according to which all the duties are.

Mindspace stock falls despite recording best ever quarter in Q4FY24, brokerages retain bullishness

In March quarter, Mindspace Business Parks REIT posted a growth of nine percent in net operating income (NOI) at Rs 476.8 crore

Mindspace REIT Q4 net operating income up 9% at Rs 477 cr; to distribute Rs 283 cr to unitholders

Ramesh Nair, Chief Executive Officer, K Raheja Corp Investment Managers Pvt Ltd, Manager to Mindspace REIT said, We had a record quarter, leasing 2 million square feet, making this our top-performing quarter since going public.

Mindspace REIT: Mindspace REIT records highest-ever quarterly leasing of 2 million sq ft in Q4

The REITs net operating income grew 9.3% from a year ago during the fourth quarter to Rs 477 crore and 11.9% to Rs 1,896 crore for 2023-24. “We had a record quarter, leasing 2 million sq ft, making this our top-performing quarter since going public. Our committed occupancy now stands at 90.6%,” said Ramesh Nair, CEO, K Raheja Corp Investment Managers, Manager to Mindspace REIT.

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