Mindspace REIT Partners with GNFZ for Net-Zero Pathway
Mindspace REIT Partners with GNFZ for Net-Zero Pathway

News

Mindspace REIT Partners with GNFZ for Net-Zero Pathway

Mindspace Business Parks REIT has partnered with Global Network for Zero to transition its entire ~39 million sq ft portfolio to a net-zero certification pathway, marking one of India’s largest portfolio-level decarbonisation initiatives in commercial real estate.

The collaboration shifts Mindspace REIT from asset-level certifications to a unified, portfolio-wide approach aligned with global climate benchmarks. It will involve a structured decarbonisation roadmap covering Scope 1, Scope 2 and Scope 3 emissions, alongside centralised energy tracking, renewable energy integration, and stronger tenant collaboration.

Ramesh Nair, CEO and MD, K Raheja Corp Investment Managers, said the partnership establishes a clear and accountable pathway towards the REIT’s net-zero target of 2042. Mahesh Ramanujam, President and CEO, GNFZ, noted that the initiative sets a precedent for scaling climate action across real estate portfolios.

As of FY2025, Mindspace REIT has reduced Scope 1 and Scope 2 emissions by 32.2 per cent and increased renewable energy usage to 40.2 per cent, while maintaining a 5-star GRESB rating for three consecutive years.

The move reflects a broader industry shift from individual green buildings to portfolio-wide decarbonisation strategies, as institutional real estate platforms align with global sustainability frameworks and investor expectations.

Source: Construction World

x
Important Notice

We at K Raheja Corp including its group entities (“K Raheja Corp Group”) have been made aware of websites / URLs / social media handles being used to undertake fraudulent activities whereby certain individuals/third parties are impersonating as being part of K Raheja Corp Group and claiming and/or soliciting monies on the pretext of promising job opportunities and finance trading on our behalf.

We hereby clarify that the above fraudulent activities are being done without any authority from K Raheja Corp Group in a malicious and vicious attempt by such individuals/third parties to make unlawful gains.

Warning

We urge the public at large to be cautious and not engage in any form of communication/s with such fraudulent individuals/third parties /websites/URLs/social media handles impersonating K Raheja Corp Group and promptly report the matter to law enforcement agencies for necessary action.

Authentic Communication

For any genuine enquiries with respect to employment or to know more about our portfolio, please visit our official website: www.krahejacorp.com

Stay safe, and thank you for your understanding.