Knowledge Realty Trust, backed by Sattva Developers and global investment giant Blackstone, is gearing up to launch its Rs 4,800 crore Initial Public Offering (IPO), positioning itself as India’s most geographically diverse office REIT. The public issue, through fresh unit issuance, is scheduled to open for subscription on Tuesday, August 5, 2025, and will close on Thursday, August 7, 2025. Anchor investors can place their bids a day earlier on Monday, August 4, 2025.
The price band for the IPO has been fixed at Rs 95 to Rs 100 per unit, making it an attractive proposition for both institutional and retail investors. For retail participants, the minimum investment is Rs 15,000, with applications allowed in lots of 150 units and multiples thereafter.
As per SEBI’s REIT guidelines (Master Circular dated July 11, 2025), up to 75% of the issue will be reserved for institutional investors, while at least 25% will be allocated to non-institutional investors, excluding strategic investor portions.
The REIT’s sponsors include Sattva Developers Pvt Ltd and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a Blackstone-backed entity), with Axis Trustee Services Ltd acting as the Trustee and Knowledge Realty Office Management Services Pvt Ltd as the manager.
Commenting on the launch, Bijay Agarwal, Managing Director of Sattva Group, said, “Knowledge Realty Trust brings our vision of world-class commercial infrastructure to fruition, backed by our partnership with Blackstone.”
Asheesh Mohta, Senior MD at Blackstone, added, “This marks a new chapter in our decade-long commitment to India’s office market, bringing investors a premium and scalable opportunity.”
With its diversified office portfolio spread across key Indian cities, Knowledge Realty Trust is expected to emerge as a strong contender in India’s booming commercial real estate market.
Knowledge Realty Trust is a newly launched Real Estate Investment Trust (REIT) focused on owning and managing a diversified portfolio of Grade A office spaces across India’s top commercial hubs. Backed by Sattva Developers, one of India’s leading real estate players, and Blackstone, the world’s largest alternative asset manager, the REIT combines local execution expertise with global investment experience. Its portfolio spans multiple cities, making it India’s most geographically diverse office REIT, and is designed to generate stable rental income from blue-chip tenants in IT, BFSI, and multinational corporations while offering investors long-term value appreciation.
