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Mindspace Business Parks REIT Pledges 100% Electric Mobility by 2030
The realtor K Raheja Corp and private equity firm Blackstone Group-backed Mindspace Business Parks REIT have committed to 100 percent electric mobility by 2030. This move has been initiated to cut down air pollution, and it has already installed over 1,000 electric charging stations in its office complexes.
Recently, the company has raised 
4500 crore in its Real Estate Investment Trust (REIT) public issue. Alongside this, the company has also announced that it has joined the Climate Group's global EV100 initiative. This is expected to combine about 90 international companies that are committed to producing electric transport as the new normal by the end of this decade.
4500 crore in its Real Estate Investment Trust (REIT) public issue. Alongside this, the company has also announced that it has joined the Climate Group's global EV100 initiative. This is expected to combine about 90 international companies that are committed to producing electric transport as the new normal by the end of this decade.
Vinod Rohira, CEO, Mindspace Business Parks REIT, says, "Our endeavor under the Climate Group's EV100 initiative is to fortify our commitment to sustainability, with the best blend of innovation and technology."
Mindspace has an office portfolio that has five business parks as well as five independent offices in the Mumbai region, Hyderabad, Pune, and Chennai. Also, it employees more than two lakh employees in its office complexes.
"The recently listed REIT will ensure this transition by expanding electric vehicle charging infrastructure for clients across all its business parks in India," says Mindspace.
Mindspace Business Parks REIT has already initiated the EV's uptake amongst its clients by installing more than 1000 charging points across its business parks. These electric charges could be accessed free of cost. As the next phase of this commitment, the company is intending to escalate the numbers as it's portfolio grows.
Mindspace Business Parks' tenants include affiliates of Accenture, Barclays, BA Continuum, Amazon, JP Morgan, UBS, Capgemini, Facebook, Qualcomm, Schlumberger, and BNY Mellon.
Mindspace Business Parks REIT has a quality office portfolio in Mumbai, Pune, Hyderabad,and Chennai. The business parks in Mumbai are Mindspace Airoli West Business Park, Mindspace Airoli East Business Park, Paradigm Mindspace Malad and The Square, BKC(2).
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