India's Leap Towards Sustainable & Innovative Workspace Design
- Industry News
- March 13, 2024

Knowledge Realty Trust, India’s largest Real Estate Investment Trust (REIT) backed by Blackstone Inc. and Sattva Developers, is planning to raise ₹16 billion (approximately $181 million) through its first domestic rupee bond sale. This marks a major milestone in India’s commercial real estate sector as REITs gain traction and diversify their funding sources amid strong market growth.
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Knowledge Realty Trust (KRT), backed by Blackstone and Sattva Developers, launched its ₹4,800 crore IPO from August 5–7, aiming to become India’s largest office REIT by assets. With ₹1,620 crore already secured from anchor investors—including LIC and Rakesh Jhunjhunwala’s trust—the issue has attracted high institutional interest even before public subscription began.
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India’s REIT market is on a strong growth trajectory, expanding beyond office spaces into retail and hospitality. Backed by stable financials, rising demand for Grade A assets, and supportive regulations like Small and Medium REITs, the sector is set to attract broader investor interest across major and emerging cities.
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