Mindspace REIT Pre-Leases c.5.3 Lakh Sq Ft in Hyderabad Campus to Chalet Hotels Ltd. for Luxury Hotel

Mindspace Business Parks REIT has pre-leased a building comprising ¢.5.3 lakh sq.ft. of leasable area at its Mindspace Madhapur campus in Hyderabad to Chalet Hotels Limited for a luxury hotel. The project involves an outlay of c.INR 350 Cr and is expected to be completed by Q4FY28. This will strengthen the Park’s integrated ecosystem and augment its premium positioning, attractiveness, and long-term competitiveness. The mixed-use development will comprise a ~ 330 key luxury hotel along with an ancillary commercial space. Mindspace Madhapur is Hyderabad’s largest Grade A integrated business campus, spanning over 13 million square feet of premium IT/ITeS office space, complemented by two Westin-branded hotels and the Inorbit Mall. The upcoming development will be the third on-campus hotel, aimed at deepening the integrated ‘work-stay-meet’ ecosystem and supporting business travel, client engagements and corporate events within the campus.