Chandru Raheja Sells 1.49% Mindspace REIT Stake for Nearly ₹500 Crore
New Delhi | September 23, 2026: Real estate major K Raheja Corp Chairman Chandru Lachmandas Raheja has sold a 1.49% stake in Mindspace Business Parks REIT for nearly ₹500 crore through a bulk transaction on the BSE.
Raheja sold 99,00,990 REIT units at an average price of ₹505 per unit, taking the transaction value to ₹499.99 crore, according to exchange data. The identities of the buyers were not disclosed in the available exchange information.
₹500 Crore Stake Sale Completed
The transaction involved the sale of 1.49% of Mindspace Business Parks REIT's outstanding units.
Following the transaction, Mindspace REIT units were trading at around ₹504.05, down 0.18% on Tuesday.
The bulk deal represents a significant transaction involving one of India's major listed commercial real estate platforms.
Mindspace REIT Has 36 Million Sq Ft Operational Portfolio
Mindspace Business Parks REIT has a substantial commercial property footprint across India's key office markets.
Its portfolio currently includes:
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36 million sq ft of completed area
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6.6 million sq ft under construction
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3.6 million sq ft of future development potential
The REIT's combined completed, under-construction and future development footprint therefore stands at approximately 46.2 million sq ft.
Major Commercial Markets Covered
Mindspace REIT operates Grade-A commercial assets across key business districts in:
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Mumbai
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Hyderabad
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Pune
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Chennai
Its portfolio includes integrated business parks, standalone office buildings and high-tech data centres.
This gives the platform exposure to some of India's major corporate office and technology markets.
K Raheja Corp Remains Closely Linked to Mindspace
The stake sale comes from the group behind K Raheja Corp, which has a long-standing presence in India's commercial real estate sector.
Anbee Constructions LLP and Cape Trading LLP, both part of the K Raheja Corp Group, were sponsors of Mindspace Business Parks REIT.
The group also has interests across commercial real estate, hospitality and retail through businesses and brands including Mindspace, Commerzone, Crossword Bookstores and Shoppers Stop.
What the Transaction Means for Commercial Real Estate
The transaction does not represent a sale of Mindspace REIT's underlying properties. It is a change in ownership of REIT units through the market.
For commercial real estate watchers, the deal highlights the scale of institutionalised ownership structures used to hold and operate large Grade-A office portfolios in India.
Mindspace's continued development pipeline also provides visibility into additional commercial space that could be brought into its portfolio over time.
What Happens Next
The immediate focus will be on the ownership changes following the bulk deal and the REIT's ongoing commercial property operations.
The identities of the buyers were not available in the exchange data cited for the transaction. Mindspace REIT's existing portfolio and its 6.6 million sq ft under-construction and 3.6 million sq ft future development pipeline remain key indicators to watch for its commercial real estate footprint.