Knowledge Realty Trust Plans India’s Largest Office REIT IPO at ₹6,200 Crore

Backed by Blackstone and Sattva Group, the REIT will also be the second largest in Asia by gross asset value.

Knowledge Realty Trust (KRT) has filed for a ₹6,200 crore Initial Public Offering (IPO) to list its shares on Indian stock exchanges.
The REIT, sponsored by Blackstone and Sattva Group, is valued at approximately ₹60,000 crore in gross asset value as of September 2024.
KRT’s portfolio includes 30 Grade A office assets spanning 48.1 million square feet across major cities like Bengaluru, Mumbai, Hyderabad, and Chennai.
Proceeds from the IPO will primarily be used to repay ₹5,800 crore of outstanding debt held by the REIT’s asset SPVs and investment entities.
If listed, KRT will become India’s largest office REIT by net operating income and gross asset value, and the second largest office REIT in Asia by size.