Raheja Mindspace - Revision history

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← Older revision		Revision as of 19:11, 5 May 2022
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	{{Use dmy dates\|date=November 2019}}		{{Use dmy dates\|date=November 2019}}
	{{Use Indian English\|date=July 2018}}		{{Use Indian English\|date=July 2018}}
	'''Mindspace''' is a brand of commercial and industrial parks established by K Raheja Corp.<ref>{{Cite news\|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html\|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai\|last=Sapam\|first=Bidya\|date=2016-05-03\|work=Mint\|access-date=2018-07-14}}</ref> Located in [[Mumbai]], [[Hyderabad]], [[Chennai]] and [[Pune]], the industrial hubs offer offices, residential towers, entertainment facilities and other retail businesses.<ref>https://mindspaceindia.com/downloadable-docs/Mindspace-Fact-Sheet.pdf</ref> By 2016, the parks developed by Mindspace housed more than 50 businesses in India, including [[Accenture]], [[L&T Infotech\|L&T Infotech Ltd]], [[Cognizant\|Cognizant Technology]] and [[Capgemini\|Capegemini Group]].<ref>{{Cite web\|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html\|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai\|last=Sapam\|first=Bidya\|date=2016-05-03\|website=Mint\|language=en\|access-date=2019-04-14}}</ref>		'''Mindspace''' is a brand of commercial and industrial parks established by K Raheja Corp.<ref>{{Cite news\|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html\|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai\|last=Sapam\|first=Bidya\|date=2016-05-03\|work=Mint\|access-date=2018-07-14}}</ref> Located in [[Mumbai]], [[Hyderabad]], [[Chennai]] and [[Pune]], the industrial hubs offer offices, residential towers, entertainment facilities and other retail businesses.<ref>https://mindspaceindia.com/downloadable-docs/Mindspace-Fact-Sheet.pdf {{Bare URL PDF\|date=March 2022}}{{Dead link\|fix-attempted=yes\|date=March 2022}}</ref> By 2016, the parks developed by Mindspace housed more than 50 businesses in India, including [[Accenture]], [[L&T Infotech\|L&T Infotech Ltd]], [[Cognizant\|Cognizant Technology]] and [[Capgemini\|Capegemini Group]].<ref>{{Cite web\|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html\|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai\|last=Sapam\|first=Bidya\|date=2016-05-03\|website=Mint\|language=en\|access-date=2019-04-14}}</ref>

	The buildings by Mindspace have been designed and built to have minimal environmental impact, which has helped some of its projects to receive recognition, like Madhapur, which was recognized with a gold rating certificate from [[U.S. Green Building Council\|USGBC]].<ref>{{Cite web\|url=https://www.constructionweekonline.in/k-raheja-corp-achieves-leed-gold-rating-by-usgbc-for-mindspace-madhapur\|title=K Raheja Corp achieves LEED Gold Rating by USGBC for Mindspace Madhapur\|website=Construction Week Online India\|language=en\|access-date=2019-04-14}}</ref> 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).<ref>{{Cite news\|url=https://www.hindustantimes.com/real-estate/developers-go-green-with-sustainable-design-tech-in-commercial-buildings/story-wRt80cwN6PYIO0ni1soIfM.html\|title=Developers go green with sustainable design, tech in commercial buildings\|work=Hindustan Times}}</ref>		The buildings by Mindspace have been designed and built to have minimal environmental impact, which has helped some of its projects to receive recognition, like Madhapur, which was recognized with a gold rating certificate from [[U.S. Green Building Council\|USGBC]].<ref>{{Cite web\|url=https://www.constructionweekonline.in/k-raheja-corp-achieves-leed-gold-rating-by-usgbc-for-mindspace-madhapur\|title=K Raheja Corp achieves LEED Gold Rating by USGBC for Mindspace Madhapur\|website=Construction Week Online India\|language=en\|access-date=2019-04-14}}</ref> 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).<ref>{{Cite news\|url=https://www.hindustantimes.com/real-estate/developers-go-green-with-sustainable-design-tech-in-commercial-buildings/story-wRt80cwN6PYIO0ni1soIfM.html\|title=Developers go green with sustainable design, tech in commercial buildings\|work=Hindustan Times}}</ref>

			Raheja Mindspace also operates Mindspace Business Parks, a [[real estate investment trust]] (REIT).<ref>{{Cite news \|last=Babar \|first=Kailash \|date=17 January 2022 \|title=Mindspace REIT to raise up to Rs 500 crore through issue of NCDs \|work=The Economic Times \|url=https://economictimes.indiatimes.com/markets/companies/mindspace-reit-to-raise-up-to-rs-500-crore-through-issue-of-ncds/articleshow/88952509.cms \|access-date=2022-05-04}}</ref>

	==Mindspace Malad, Mumbai==		==Mindspace Malad, Mumbai==
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	==See also==		==See also==
	*[[Software industry in ~~Telangana~~]]		*[[Software industry in India]]

	==References==		==References==

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{{Infobox company
| image = Building 20, Raheja Mindspace, Hyderabad.jpg
}}

{{Use dmy dates|date=November 2019}}
{{Use Indian English|date=July 2018}}
'''Mindspace''' is a brand of commercial and industrial parks established by K Raheja Corp.<ref>{{Cite news|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai|last=Sapam|first=Bidya|date=2016-05-03|work=Mint|access-date=2018-07-14}}</ref> Located in [[Mumbai]], [[Hyderabad]], [[Chennai]] and [[Pune]], the industrial hubs offer offices, residential towers, entertainment facilities and other retail businesses.<ref>https://mindspaceindia.com/downloadable-docs/Mindspace-Fact-Sheet.pdf</ref> By 2016, the parks developed by Mindspace housed more than 50 businesses in India, including [[Accenture]], [[L&T Infotech|L&T Infotech Ltd]], [[Cognizant|Cognizant Technology]] and [[Capgemini|Capegemini Group]].<ref>{{Cite web|url=https://www.livemint.com/Companies/CBvE5TEixvs8pJOjxsSoFI/Raheja-to-invest-Rs2000-crore-on-commercial-space-in-Navi-M.html|title=Raheja to invest Rs2,000 crore on commercial space in Navi Mumbai|last=Sapam|first=Bidya|date=2016-05-03|website=Mint|language=en|access-date=2019-04-14}}</ref>

The buildings by Mindspace have been designed and built to have minimal environmental impact, which has helped some of its projects to receive recognition, like Madhapur, which was recognized with a gold rating certificate from [[U.S. Green Building Council|USGBC]].<ref>{{Cite web|url=https://www.constructionweekonline.in/k-raheja-corp-achieves-leed-gold-rating-by-usgbc-for-mindspace-madhapur|title=K Raheja Corp achieves LEED Gold Rating by USGBC for Mindspace Madhapur|website=Construction Week Online India|language=en|access-date=2019-04-14}}</ref> 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).<ref>{{Cite news|url=https://www.hindustantimes.com/real-estate/developers-go-green-with-sustainable-design-tech-in-commercial-buildings/story-wRt80cwN6PYIO0ni1soIfM.html|title=Developers go green with sustainable design, tech in commercial buildings|work=Hindustan Times}}</ref>

==Mindspace Malad, Mumbai==
In 1999-2000, K Raheja Corp developed a suburban park Mindspace, [[Malad]], which was spread across 110 acres.<ref>{{Cite news|url=https://economictimes.indiatimes.com/markets/stocks/news/blackstone-group-eyes-15-per-cent-in-k-raheja-portfolio/articleshow/57484683.cms|title=Blackstone Group eyes 15 per cent in K Raheja portfolio|last=Babar|first=Kailash|date=6 March 2017|work=The Economic Times|access-date=2019-04-05}}</ref> 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.<ref>{{Cite web|url=https://www.rediff.com/money/2003/aug/09spec4.htm|title=Mindspace, a suburban success|website=www.rediff.com|access-date=2019-04-14}}</ref>

Tenants include [[JPMorgan Chase|JP Morgan Chase]] and [[Firstsource]]. Mindspace Malad was originally designed by Skidmore Owings & Merill LLP.<ref>{{Cite web|url=https://mindspaceindia.com/Mindspace-Malad-MMR.html|title=Mindspace {{!}} Malad, MUMBAI (MMR)|website=mindspaceindia.com|access-date=2019-04-05}}</ref>

==Mindspace Madhapur, Hyderabad==
[[File:Qualcomm technologies building in Mindspace, Hyderabad.jpg|thumb|[[Qualcomm]] building in techno-park]]
Raheja's Mindspace developed its first project in Hyderabad on 110 acres of land allotted by [[Andhra Pradesh Industrial Infrastructure Corporation|APIIC]].<ref>{{Cite news|url=https://economictimes.indiatimes.com/hyderabad/mindspace-cyberabad-plans-to-expand/articleshow/1999998.cms|title=Mindspace Cyberabad plans to expand|date=17 September 2006|work=The Economic Times|access-date=2019-04-05}}</ref> 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).<ref>{{Cite web|url=https://www.thehindubusinessline.com/2003/08/30/stories/2003083001751700.htm|title=The Hindu Business Line : Raheja group to develop Mindspace techno-campus park in Cyberabad|website=www.thehindubusinessline.com|access-date=2019-04-05}}</ref>

With 21 buildings, Mindspace Madhapur is Hyderabad's first and largest [[Green building in India|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.<ref>{{Cite news|url=https://www.thehindu.com/life-and-style/inside-mindspace-the-first-commercial-business-park-in-hyderabad-to-receive-indian-green-building-councils-gold-rating/article26979769.ece|title=Worth more than gold|last=Dundoo|first=Sangeetha Devi|date=29 April 2019|work=The Hindu|access-date=2019-06-13|language=en-IN|issn=0971-751X}}</ref>

== 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.<ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/mindspace-pocharam-to-be-launched-on-may-26-106052401028_1.html|title=Mindspace Pocharam to be launched on 26 May|last=Bureau|first=Our Regional|date=24 May 2006|work=Business Standard India|access-date=2019-06-13}}</ref>

== 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.<ref>{{Cite web|url=https://www.projectstoday.com/News/K-Raheja-IT-park-Mindspace-Phase-II-by-2021|title=K Raheja IT park 'Mindspace' Phase-II by 2021|website=www.projectstoday.com|access-date=2019-06-13}}</ref> Located near [[Rajiv Gandhi International Airport]], Mindspace Shamshabad will be connected by the Hyderabad Metro.<ref>{{Cite news|url=https://www.thehindu.com/news/national/telangana/all-metro-corridors-to-terminate-at-shamshabad/article26763625.ece|title=All metro corridors to terminate at Shamshabad|date=7 April 2019|work=The Hindu|access-date=2019-06-13|others=Special Correspondent|language=en-IN|issn=0971-751X}}</ref>

== Mindspace Gandhinagar ==
Mindspace Gandhinagar is Gujarat's first IT Special Economic Zone, and commenced operations in 2012, and houses multiple [[multinational corporation]]s in the [[IT sector]].<ref>{{Cite news|url=https://www.business-standard.com/article/technology/two-it-mncs-to-set-up-units-at-mindspace-soon-111062300101_1.html|title=Two IT MNCs to set up units at Mindspace soon|last=Umarji|first=Sohini Das & Vinay|date=23 June 2011|work=Business Standard India|access-date=2019-06-13}}</ref>

== Mindspace Bengalaru ==
Located in Whitefield's EPIP Zone, Mindspace Bengalaru is workspace featuring several modern amenities and facilities.<ref>{{Cite web|url=https://www.mindspaceindia.com/mindspace-bengaluru/|title=Mindspace Bengaluru|website=Mindspace|language=en-US|access-date=2019-06-13}}</ref>

== 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.<ref>{{Cite web|url=https://telanganatoday.com/raheja-corp-gets-usgbc-leed-gold-rating-for-mindspace|title=USGBC LEED Gold Rating for Mindspace}}</ref>

==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.<ref>{{cite news|url=http://www.hindu.com/2011/02/20/stories/2011022056870100.htm|archive-url=https://web.archive.org/web/20110220193652/http://www.hindu.com/2011/02/20/stories/2011022056870100.htm|url-status=dead|archive-date=20 February 2011|title=Register case against State officials, ACB told|work=[[The Hindu]] | location=Chennai, India|date=20 February 2011}}</ref> 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.<ref>{{cite news|url=http://www.thehindu.com/todays-paper/tp-national/tp-andhrapradesh/article2733778.ece|title=APIIC board defers decision on Rahejas' offer|work=[[The Hindu]] | location=Chennai, India|date=21 December 2011}}</ref><ref>{{cite news|url=http://articles.timesofindia.indiatimes.com/2011-12-21/hyderabad/30542166_1_apiic-board-apiic-chairman-emaar-group|archive-url=https://web.archive.org/web/20140204015113/http://articles.timesofindia.indiatimes.com/2011-12-21/hyderabad/30542166_1_apiic-board-apiic-chairman-emaar-group|url-status=dead|archive-date=4 February 2014|work=[[The Times of India]]|title=Emaar to restore APIIC stake in JV| date=21 December 2011}}</ref><ref>{{cite web|url=http://www.ishaanrealestate.com/pdf/Trade-Update-200911.pdf|title=Ishaan Real-estate Portfolio Update|publisher=[[Ishaan Real-estate]]|url-status=dead|archive-url=https://web.archive.org/web/20120426074408/http://www.ishaanrealestate.com/pdf/Trade-Update-200911.pdf|archive-date=26 April 2012}}</ref><ref>[http://www.rahejavanya.co.in/ Raheja Vanya] - New Residential Project by [http://www.raheja.com/ Raheja Developers]</ref>

==See also==
*[[Software industry in Telangana]]

==References==
{{Reflist}}

[[Category:Industrial parks in India]]
[[Category:Economy of Hyderabad, India]]