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Mindspace REIT stated in a press release that it has leveraged the “Implosion Technology” to demolish two ageing buildings positioned at Mindspace Madhapur.
Mindspace Business Parks REIT on Saturday stated it demolished two outdated buildings in Hyderabad inside six to eight seconds utilizing implosion know-how.
Mindspace REIT stated in a press release that it has leveraged the “Implosion Technology” to demolish two ageing buildings positioned at Mindspace Madhapur. The buildings with a legacy of round 18 years have been efficiently dismantled on the Saturday morning, it added.
“This feat of engineering, saw the buildings being safely and efficiently brought down in just 6-8 seconds, a stark contrast to the traditional demolition process that typically spans 3-4 months…,” Mindspace REIT stated.
The firm will develop new buildings, comprising 1.6 million sq. ft space on this land parcel. The new asset is anticipated to be accomplished by third quarter of 2026-27 fiscal.
“The process of implosion entails the precise placement of explosive materials and the orchestrated timing of their detonation. This technique is employed to ensure that a structure collapses in, on itself, within a matter of seconds, while minimizing any potential physical damage to its immediate surroundings,” the assertion stated.
Mumbai-based Mindspace Business Parks REIT, sponsored by K Raheja Corp group, obtained listed on the Indian bourses in August 2020. It owns workplace portfolios in Mumbai Region, Pune, Hyderabad, and Chennai.
It has a complete leasable space of 32.1 million sq. ft in portfolio, comprising of 25.9 million sq. ft of accomplished space.
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