StockWatch
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Real Estate Investment Trusts (REITs)
Award1 Oct 2026, 04:30 pm

Mindspace REIT First Indian REIT to Get IGBC Green Landscape Gold Rating

AI Summary

Mindspace Business Parks REIT has achieved a significant milestone by becoming the first REIT in India to receive the IGBC Green Landscape Gold Rating for its Mindspace Airoli East business park in Navi Mumbai. This certification recognizes the park's sustainable landscape initiatives, including over 60% native green cover, 30% vegetation supporting local wildlife, smart landscape lighting for energy savings, and 100% on-site composting of landscape waste. The park also features innovative elements like a native plant nursery, butterfly garden, and bio-sonification installation. This achievement underscores Mindspace REIT's commitment to integrating sustainability across its portfolio, extending beyond buildings to the broader campus ecosystem. The REIT plans to replicate these practices in other campuses and continues its pursuit of LEED and IGBC building certifications.

Key Highlights

  • Mindspace REIT is the first Indian REIT to receive IGBC Green Landscape Gold Rating.
  • Certification highlights sustainable landscape practices and biodiversity support.
  • Plans to extend similar initiatives to other campuses in the portfolio.
  • Reinforces commitment to sustainability beyond building certifications.