Airoli East business park receives IGBC Green Landscape Gold Rating, a first for an Indian REIT

Mindspace Airoli East business park in Navi Mumbai has received the IGBC Green Landscape Gold Rating from the Indian Green Building Council (IGBC).

Thu 1 Oct 2026

Native and adaptive green cover

over 60%

Vegetation supporting local birds and insects

over 30%

Energy savings through smart landscape lighting

up to 77%

On-site composting of landscape waste

100%

Total leasable area

~46.2 msf

What was announced

• Mindspace Airoli East business park in Navi Mumbai has received the IGBC Green Landscape Gold Rating from the Indian Green Building Council (IGBC).
• The update states this makes Mindspace REIT the first REIT in India to receive this distinction.
• The certification is described as recognising green spaces within a business park as an integral part of the overall ecosystem, contributing to biodiversity, well-being and workplace experience.

What the rating evaluates

• Unlike most green certifications, which focus on a building's energy and water efficiency, the IGBC Green Landscape Rating evaluates the design, management and ecological performance of an asset's landscaped areas, including flora and fauna, resource efficiency and innovative sustainability practices.
• IGBC is described in the update as India's apex green building body that promotes sustainable design and construction practices.

The numbers behind the certification

• Over 60% native and adaptive green cover, supporting local biodiversity
• Over 30% vegetation supporting local birds and insects, enhancing campus biodiversity
• Up to 77% energy savings through smart landscape lighting
• 100% on-site composting of landscape waste

Other initiatives at the campus

• A native plant nursery, stingless honeybee colonies, a butterfly garden, a plant bio-sonification installation, and dedicated spaces for walking, sports, yoga and meditation.
• A pilot smart water metering programme using IoT-enabled ultrasonic and clamp-on meters to track water consumption in real time and flag leaks early.

The portfolio, as described in the update

• Total leasable area of ~46.2 msf, comprising 36.0 msf of completed area, 6.6 msf of area under construction and 3.5 msf of future development.
• 7 integrated business parks and 9 quality independent office assets.
• A tenant base of over 312 tenants.
• Most buildings in the portfolio are either Gold or Platinum Green Building Certified (IGBC/LEED).

What the company says it will do next

• Mindspace REIT states it plans to extend similar landscape and biodiversity practices to other campuses across its portfolio, alongside its ongoing programme of LEED and IGBC building certifications.

How a reader might think about it

• This is a certification and sustainability update for one business park, not a financial or operational transaction. The update does not set out any revenue, cost or area target linked to the rating.
• The certification relates to the landscaped areas of the park, and the update presents it as a validation of sustainability initiatives already underway at Mindspace Airoli East.
• For context on scale, the park sits within a portfolio the update describes as ~46.2 msf of leasable area across four office markets, with over 312 tenants.

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