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Mindspace REIT announced on 1 October 2026 that its Mindspace Airoli East business park in Navi Mumbai had earned an Indian Green Building Council (IGBC) Green Landscape Gold Rating. The award assesses the landscaped areas and their ecological and resource performance; it is not a new certification of every building on the site. Mindspace describes the recognition as the first of its kind for an Indian REIT.
What the IGBC Green Landscape Gold Rating covers
IGBC’s voluntary, consensus-based Green Landscape Rating System is intended for new and existing parks and gardens. Its assessment covers site selection and planning, landscape species and materials, health and wellbeing, water conservation, energy efficiency, operations and maintenance, and innovation and design. Applicants must satisfy mandatory requirements and minimum credit thresholds. IGBC says the system can recognize outcomes including lower potable-water use, waste management, energy efficiency, biodiversity, user experience and topsoil protection. It applies to settings such as campuses, commercial and IT parks, and industrial or institutional sites. IGBC Green Landscapes Rating System
Gold thresholds depend on park size
IGBC lists Gold at 63–71 points for small parks under five acres and 70–79 points for large parks over five acres. Mindspace’s announcement does not state Airoli East’s landscape acreage or score, so the applicable band and the project’s precise points cannot be determined from the published figures.
Measures Mindspace associates with the award
In its 1 October 2026 announcement, Mindspace reported the following campus performance figures. The release does not provide calculation methods, baseline periods or third-party measurement details for these percentages, so they should be read as company-reported claims.
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The release also names a native plant nursery, stingless honeybee colonies, a butterfly garden and a plant bio-sonification installation. It describes walking, sports, yoga and meditation spaces, as well as a pilot smart water-metering program using IoT-enabled ultrasonic and clamp-on meters to track consumption and flag leaks. These are features described by Mindspace; the announcement does not report quantified results for the metering pilot.
Separate green-cover figures in Mindspace’s LinkedIn post
A separate official LinkedIn post reports that 73% of the campus is green, 62% comprises native or adaptive vegetation, and more than 45% consists of drought-tolerant species. The post also mentions walking tracks, sports facilities, yoga and meditation spaces, urban farming and sustainability initiatives. It does not explain how these measures are defined or calculated. The post’s 73% green figure and the press release’s “over 60% native and adaptive green cover” are differently phrased measures with no stated common denominator; they should not be added together or treated as interchangeable. Mindspace REIT’s LinkedIn post
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Landscape rating is not building certification
The distinction is specifically a landscape rating: it concerns landscaped areas, including their design, ecology, resource use and management. It does not establish that every building at Airoli East received a new building certification. For context, Mindspace REIT’s FY2024–25 ESG report gives portfolio-level figures of 99.9% overall green building certification and 91.77% of existing buildings green certified. Those figures concern the wider portfolio and building assessments—not the Airoli East landscape award. Mindspace Business Parks REIT FY2024–25 ESG Report
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What is confirmed about the distinction
Mindspace’s release calls the award the first IGBC Green Landscape Gold Rating for an Indian REIT. IGBC Executive Director S. Karthikeyan also congratulated the company in the release using that description. The available announcement does not include Airoli East’s score, landscape acreage, certificate, detailed scoring breakdown or an independent audit method; the sector-wide “first” claim is therefore attributable to Mindspace and the quoted IGBC representative rather than independently established here. Mindspace REIT announcement, 1 October 2026
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