Daijiworld Media Network - Mumbai

Mumbai, Jul 28: Knowledge Realty Trust (KRT) — a Real Estate Investment Trust (REIT) sponsored by Sattva Group and global investment giant Blackstone — has secured SEBI’s approval to launch its much-anticipated public REIT offering, aiming to raise Rs 4,800 crore.

This marks a key milestone for KRT, which is gearing up for its maiden public issue as part of a broader strategy to monetise its portfolio of 30 high-value office assets spread across India’s major urban centres.

In a precursor to the public offering, KRT had already raised Rs 1,400 crore from anchor investors last month, indicating strong institutional interest.

The offering is set to bolster India’s growing REIT landscape, providing retail and institutional investors access to income-generating commercial real estate — a space traditionally dominated by large private players.

KRT’s asset portfolio includes premium office spaces in business hubs like Bengaluru, Hyderabad, Pune, Chennai, and Mumbai, aligning with the rising demand for high-quality commercial real estate in India.

Once listed, KRT will become one of the select few REITs in the Indian market, joining the likes of Embassy REIT, Mindspace REIT, and Brookfield REIT, and will further deepen capital markets access for India's real estate sector.