Basic Profile & Key Statistics
Main Sector(s): Office & LogisticsCountry(s) with Assets: India
No. of Properties (exclude development/associate/fund): 10
Key Indicators
Performance Highlight
Total property income and NPI increased YoY mainly due to high occupancy and contribution from Aurum Q1, Arshiya Warehouse 7 and Industrial Facility in Mahindra World City which were acquired between Nov 2021 to May 2022.
Rental Reversion
Besides ITPB, ITPC and aVance Hyderabad, rental reversion is positive for other properties.
Acquisition
ITPP-H acquisition was approved by unitholders at an EGM on 17 April 2023 and is expected in 1H 2023.
Pipeline (3rd Party Forward Purchase)
Construction for aVance 5 is completed and the rectification of the defects is in progress. The construction work for Casa Grande is expected to be completed by this year's end. Both the construction works for aVance A1 and Gardencity are expected to be completed by 2H 2024.
Development
There are 4 DC and ITPB MTB6 development projects on...