Mindspace Business Parks REIT has informed the Exchange regarding Annual summary Valuation report for assets for FY ended 2024-25
Awaiting price reaction for this filing.
Mindspace Business Parks REIT has filed its annual property valuation report for the financial year ended March 31, 2025, as required under SEBI REIT regulations. The Board has declared a Net Asset Value (NAV) of Rs. 431.7 per unit based on the valuation. The valuation covers 11 commercial and office properties located across Hyderabad, Mumbai, Pune, and Chennai, with a combined leasable area of 37.1 million square feet. Hyderabad assets (Mindspace Madhapur, Pocharam, and Commerzone Raidurg) form the largest chunk at about 16.1 million sq. ft., followed by the two Airoli parks in Mumbai at 13.6 million sq. ft. The valuation was carried out by KZEN Valtech Private Limited (an IBBI-registered valuer) and independently reviewed by Jones Lang LaSalle (JLL). The valuation report is available on the REIT's website under the investor relations section.
This is a routine annual regulatory disclosure, not an operational update. The NAV of Rs. 431.7 per unit serves as a benchmark for unitholders to compare against the current market price and gauge whether units are trading at a discount or premium to underlying asset value. No direct impact on short-term stock price is expected from the filing itself.