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Mindspace REIT enhances Sustainable Building Management with the setting up of 'Infrastructure Monitoring & Operations Centre'

Mindspace REIT enhances Sustainable Building Management with the setting up of 'Infrastructure Monitoring & Operations Centre'
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Mindspace REIT SPV sub-leases space at Mindspace, Airoli for data center development


Gigaplex Estate (Gigaplex), one of the special purpose vehicles (SPV) of Mindspace REIT, has entered into an agreement to sub-lease with a leading data center operator to sub-lease approximately 0.63 million sq. ft. at Mindspace, Airoli West, Mumbai (Agreement).
With increased internet usage, growing demand for data storage and anticipated data localisation norms Mumbai stands to benefit due to its geographical and infrastructural advantage. Government s focus on Digital India and the ongoing Covid-19 pandemic have further catalysed the process of digitization.
To effect this, Gigaplex, pursuant to the approval of the Company s Board of Directors and the Manager s Governing Board, has amended the memorandum of understanding dated 16 December 2019, (MoU) entered into with K Raheja Corp (KRCPL), for proposed transfer of leasehold land admeasuring approximately 16.4 acres to KRCPL at Mindspace Airoli West, Mumbai, (Specified Land) in the manner set out in the MoU. ....

K Raheja Corp , Company Board Of Directors , Gigaplex Estate , Airoli West , Digital India , Governing Board , Mindspace Airoli West , Specified Land , Capital Market , Real Estate Investment Trust , Land Division Amp Subdivision , Internet Usage , கே ராதிேஜா கார்ப் , நிறுவனம் பலகை ஆஃப் இயக்குநர்கள் , ஐரோலி மேற்கு , டிஜிட்டல் இந்தியா , ஆளும் பலகை , மைண்ட்ஸ்பேஸ் ஐரோலி மேற்கு , குறிப்பிடப்பட்டுள்ளது நில , மூலதனம் சந்தை , ரியல் எஸ்டேட் முதலீடு நம்பிக்கை , நில பிரிவு ஆம்ப் துணைப்பிரிவு , இணையதளம் பயன்பாடு ,