Mindspace is a brand of commercial and industrial parks established by

K Raheja Corp K Raheja Corp is a property developer in India with interests in commercial and residential projects, malls and hospitality across multiple cities in the country. It owns the brands Raheja Mindspace, Mindspace, Commerzone, Crossword Bookstores ...

. Located in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

Hyderabad Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...

Chennai Chennai, also known as Madras (List of renamed places in India#Tamil Nadu, its official name until 1996), is the capital city, capital and List of cities in Tamil Nadu by population, largest city of Tamil Nadu, the southernmost states and ...

and

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

, the industrial hubs offer offices, residential towers, entertainment facilities and other retail businesses. By 2016, the parks developed by Mindspace housed more than 50 businesses in India, including

Accenture Accenture plc is a global multinational professional services company originating in the United States and headquartered in Dublin, Ireland, that specializes in information technology (IT) services and management consulting. It was founded in 1 ...

, L&T Infotech Ltd, Cognizant Technology and Capegemini Group. The buildings by Mindspace have been minimal environmental impact, which has helped some of its projects to receive recognition, like Madhapur, which was recognized with a gold rating certificate from

USGBC The U.S. Green Building Council (USGBC), founded in 1993, is a private 501(c)(3), membership-based non-profit organization that promotes sustainability in building design, construction, and operation. USGBC is best known for its development of t ...

. K Raheja Corp also has millions of square feet of building space in green commercial places which have been certified by the Indian Green Building Council (IGBC) and Leadership in Energy and Environmental Design (LEED). Raheja Mindspace also operates Mindspace Business Parks, a

real estate investment trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...

(REIT).

Mindspace Malad, Mumbai

In 1999-2000, K Raheja Corp developed a suburban park Mindspace,

Malad Malad (Pronunciation: aːlaːɖ is a suburb located in North Mumbai. Malad has a railway station on the Western line (Mumbai Suburban Railway) of the Mumbai Suburban Railway, lying between Kandivali station to the north and Goregaon statio ...

, which was spread across 110 acres. By setting up the technology park in the suburbs, Mindspace was able to meet a huge portion of the commercial space requirement demanded by the IT, ITES industries in Mumbai. Tenants include

JP Morgan Chase JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational finance corporation headquartered in New York City and incorporated in Delaware. It is the largest bank in the United States, and the world's largest bank by mark ...

and

Firstsource Firstsource Solutions Limited is an Indian business process management company headquartered in Mumbai. It is owned by RP-Sanjiv Goenka Group, and listed on the BSE and NSE since 2007. Firstsource provides business process management in th ...

. Mindspace Malad was originally designed by Skidmore Owings & Merill LLP.

Mindspace Madhapur, Hyderabad

Raheja's Mindspace developed its first project in Hyderabad on 110 acres of land allotted by

APIIC The Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) is an Andhra Pradesh Government initiative for providing infrastructure through development of industrial areas. APIIC was established in the year 1973 for identifying and ...

. The techno-campus-cum-park plan in Madhapur was executed in 2004, through a joint venture between the Raheja Group and Andhra Pradesh Industrial Infrastructure Corporation Ltd (APIIC). With 21 buildings, Mindspace Madhapur is Hyderabad's first and largest Indian Green Building Council Gold Rating Campus, with systems for monitoring indoor air quality, managing rainwater systems, sewage treatment plants, solar panels, etc. The 4-acre reserve green area in Mindspace Madhapur has 3,500 trees within the campus, and consists of an open-air theatre, and tennis courts. In April 2022, a one km long skywalk was opened that connects the

Raidurg metro station Raidurg (also known as Synchrony @ Raidurg) is a metro station located on the Blue Line of the Hyderabad Metro India. The station was opened on 29 November 2019, two years after first commercial operation of Hyderabad metro started. It is loc ...

to the Raheja Mindspace campus.

Mindspace Pocharam, Hyderabad

Mindspace Pocharam is an SEZ & IT Park which was launched in 2006, built in stages and for an eventual built-up space approx. 6 million sft.

Mindspace Shamshabad, Hyderabad

Mindspace Shamshabad is a business district which is spread across 305 acres, which consists of 10 buildings of G+three floors. With 6 completed, the remaining 4 buildings are set to be completed in 2021. Located near

Rajiv Gandhi International Airport Rajiv Gandhi International Airport is an international airport that serves Hyderabad, the capital of the Indian state of Telangana. It is located in Shamshabad, about south of Hyderabad and it was opened on 23 March 2008 to replace Begumpet ...

, Mindspace Shamshabad will be connected by the Hyderabad Metro.

Mindspace Gandhinagar

Mindspace Gandhinagar is Gujarat's first IT Special Economic Zone, and commenced operations in 2012, and houses multiple

multinational corporation A multinational corporation (MNC; also called a multinational enterprise (MNE), transnational enterprise (TNE), transnational corporation (TNC), international corporation, or stateless corporation, is a corporate organization that owns and cont ...

s in the

IT sector Information technology (IT) is a set of related fields within information and communications technology (ICT), that encompass computer systems, software, programming languages, data and information processing, and storage. Information technolo ...

Mindspace Bengalaru

Located in Whitefield's EPIP Zone, Mindspace Bengalaru is workspace featuring several modern amenities and facilities.

Developer

K Raheja Corp is a real estate development company dealing in commercial, residential and retail projects. They are the developers of Mindspace, a commercial real estate project in major metropolitan cities of Mumbai, Hyderabad, Chennai and Pune. The developers have received gold rating certification from the US Green Building Council (USGBC) for Mindspace commercial business park in Hyderabad.

Controversy

There were allegations that Raheja group had caused a dilution of the Andhra Pradesh government's stake in the Mindspace project. The stake was later restored to 11 per cent in accordance with the original memorandum of understanding. Negotiations in 2011 between the Raheja group and APIIC (and the Andhra Pradesh government) sought to restore the state's share in the ownership and rental revenues from the project.Raheja Vanya
- New Residential Project b
Raheja Developers
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References

{{Reflist Industrial parks in India Economy of Hyderabad, India