ANNUAL REPORT 2022-23

High-Quality Workplaces for India’s Talent

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Key Highlights

LEASABLE AREA

1.9M sf

COMPLETED AREA

1.4M sf

UNDER
CONSTRUCTION

0.1M sf

FUTURE DEVELOPMENT POTENTIAL

0.4M sf

COMMITTED
OCCUPANCY

8%

TENANTS^*

15

DISTRIBUTION
PER UNIT

₹20.20^#

WALE

7.9 Years

^*The tenants are based on standalone legal entities that have signed agreements, including letter of intent, and it includes office as well as retail tenants.

^#For FY2022-23

CHAIRMAN'S MESSAGE

Preferred Destination for India’s Talent

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CEO'S MESSAGE

Creating Value. Driving Growth. Fostering Talent.

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Building a Robust Tenant Profile

We focus on the needs and goals of our tenants across industries to produce real estate solutions that exceed expectations for quality of life, safety and sustainability.

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Our Properties

Kensington, Downtown Powai, Mumbai

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Candor TechSpace G2, Gurugram

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Candor TechSpace K1, Kolkata

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Candor TechSpace N1,
Noida

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Candor TechSpace N2,
Noida

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Management Discussion and Analysis

We believe that our office parks are amongst the highest quality ones in India, providing a complete ecosystem and growth-centric environment to multinational corporates and technology companies.

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Operational Highlights

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LEASING SUCCESS

2.1M sf

ADJUSTED NOI

₹9,608M

EFFECTIVE ECONOMIC OCCUPANCY

89%

NET DEBT TO MARKET VALUE

32%

WALE (YEARS)

7.9

AREA UNDER SUSTAINABILITY CERTIFICATION

90%

TENANT

148*

NO. OF EMPLOYEES

185^

^*The tenants are based on standalone legal entities that have signed agreements, including letter of intent, and it includes office as well as retail tenants.

^{^}Includes employees of the Manager and SPVs of REIT.

ESG OVERVIEW

Crafting Sustainable Solutions for Long-Term Success

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ENVIRONMENT

Leading on Sustainable Solutions

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SOCIAL – TENANTS

Placemaking Pioneers

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SOCIAL – EMPLOYEES

Believing in the Power of People

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SOCIAL – COMMUNITIES

Investing in Community Development

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GOVERNANCE

Promoting Trust Through Governance

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Leading with Futuristic Vision

Board of Directors Leadership Team Awards

Industry Outlook

Portfolio at Glance

ESG Overview

High-Quality Workplaces for India’s Talent

Key Highlights

1.9M sf

1.4M sf

0.1M sf

0.4M sf

8%

15

₹20.20#

7.9 Years

Preferred Destination for India’s Talent

Creating Value. Driving Growth. Fostering Talent.

Building a Robust Tenant Profile

Our Properties

Kensington, Downtown Powai, Mumbai

Candor TechSpace G2, Gurugram

Candor TechSpace K1, Kolkata

Candor TechSpace N1, Noida

Candor TechSpace N2, Noida

Management Discussion and Analysis

Operational Highlights

2.1M sf

₹9,608M

89%

32%

7.9

90%

148*

185^

Crafting Sustainable Solutions for Long-Term Success

Leading on Sustainable Solutions

Placemaking Pioneers

Believing in the Power of People

Investing in Community Development

Promoting Trust Through Governance

Leading with Futuristic Vision

₹20.20^#

Candor TechSpace N1,
Noida

Candor TechSpace N2,
Noida