Telangana Hyderabad’s Mindspace set to transform with major redevelopment projects
Mindspace at madhapur is positioned to change Hyderabad's skyline in the years to come in a city that is always changing. The environment of the commercial area is about to undergo a stunning makeover at this thriving IT powerhouse.
The Mindspace REIT Annual Report for the Fiscal Year 2023 outlines the roadmap for this change. The study lists a wide range of initiatives, the 1A and 1B block redevelopment coming out on top. This project, which is expected to be finished by december 2025, will give the neighborhood a new lease on life with a staggering 1.3 million square feet of usable space. The goal is to design a modern workspace that meets the changing demands of organizations, and that goal is quite obvious.
By extending the horizons even further, Mindspace has focused on the renovation of structures 7 and 8. This ambitious project, which is expected to be finished in the third quarter of fiscal year 2027, has a leasable area of 1.61 million square feet. The environmental commitment of this property, which strives for a LEED Platinum Rating and Wellness Certification Standards, makes it stand out.
Notably, the Mindspace madhapur Experience Centre is also described in the Mindspace REIT Annual Report and is expected to be finished in Q1 of FY25. This centre of activity, which has 0.13 million square feet of leasable space, is expected to serve as the business park's beating heart, where work and play effortlessly coexist. Recreational amenities like food courts, gyms, spas, indoor games, and fine-dining restaurants go well with thoughtfully planned workstations.
The survey also identifies madhapur as Hyderabad's most popular micromarket, routinely bringing in close to two-thirds of net absorption annually. This figure highlights the business park's continued popularity as a top location for companies looking to launch or grow their presence in the city.
The Mindspace REIT Annual Report for the Fiscal Year 2023 outlines the roadmap for this change. The study lists a wide range of initiatives, the 1A and 1B block redevelopment coming out on top. This project, which is expected to be finished by december 2025, will give the neighborhood a new lease on life with a staggering 1.3 million square feet of usable space. The goal is to design a modern workspace that meets the changing demands of organizations, and that goal is quite obvious.
By extending the horizons even further, Mindspace has focused on the renovation of structures 7 and 8. This ambitious project, which is expected to be finished in the third quarter of fiscal year 2027, has a leasable area of 1.61 million square feet. The environmental commitment of this property, which strives for a LEED Platinum Rating and Wellness Certification Standards, makes it stand out.
Notably, the Mindspace madhapur Experience Centre is also described in the Mindspace REIT Annual Report and is expected to be finished in Q1 of FY25. This centre of activity, which has 0.13 million square feet of leasable space, is expected to serve as the business park's beating heart, where work and play effortlessly coexist. Recreational amenities like food courts, gyms, spas, indoor games, and fine-dining restaurants go well with thoughtfully planned workstations.
The survey also identifies madhapur as Hyderabad's most popular micromarket, routinely bringing in close to two-thirds of net absorption annually. This figure highlights the business park's continued popularity as a top location for companies looking to launch or grow their presence in the city.