The company's in-place rents have grown by 9.3% YoY to Rs. 62.4 psf/month.

The company's committed occupancy jumps by 130 bps QoQ.

Mindspace Business Parks REIT, owner and developer of quality Grade A office portfolio located in four key office markets of India, reported results for the quarter ended June 30, 2022.

The company posted Net Operating Income (NOI) growth of 10.9% YoY.

The company's committed occupancy jumps by 130 bps QoQ.

The company's in-place rents have grown by 9.3% YoY to Rs. 62.4 psf/month, while Re-leasing spread stood at 36.4% on 0.5 msf of area re-let.

Vinod Rohira, Chief Executive Officer, said, "Our strategy of upgrading our offerings during downtime and implementing the best asset management practices has allowed us to benefit from the anticipated demand upswing.