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Knowledge Realty Trust Gets SEBI Nod for ₹4,800 Cr REIT-IPO, Set to Be India’s Largest by Asset Value

Knowledge Realty Trust (KRT), backed by Sattva Group and Blackstone, has received SEBI approval to launch its ₹4,800-crore REIT initial public offering (IPO), marking a major milestone in India's real estate investment space. Set to open in early August, KRT has already secured ₹1,400 crore from anchor investors. With a gross asset value of around ₹62,000 crore, KRT will become India’s largest REIT. The trust owns over 46 million sq ft of office assets spread across 29 properties in Mumbai, Bengaluru, and Hyderabad—including landmark properties like One BKC, Cessna Business Park, and Knowledge City. This IPO is part of the sponsors’ plan to monetise their premium office portfolio and expand further through third-party acquisitions under a brand-neutral strategy. The REIT recorded a net operating income of ₹3,432 crore last fiscal. KRT’s market debut adds momentum to the REIT sector, which has cumulatively distributed over ₹21,000 crore to investors.