Knowledge Realty Trust
Knowledge Realty Trust (KRT) is India's largest listed office REIT by Gross Asset Value, owning 29 Grade A office assets totaling 46 msf across six cities. Co-sponsored by Blackstone and Sattva Group, KRT serves enterprise and GCC tenants and distributes rental income quarterly to unitholders.
- Company typePublic
- Founded2025
- HeadquartersMumbai, India
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Knowledge Realty Trust does
Knowledge Realty Trust (KRT, NSE: KRT) is India's largest listed office REIT by Gross Asset Value, co-sponsored by Blackstone and Sattva Group and listed on NSE/BSE since August 18, 2025. The trust owns 29 Grade A office assets totaling 46 msf (37.2 msf completed, 2.6 msf under construction, 6.6 msf future development) across six Indian cities—Hyderabad (12.9 msf), Bengaluru (24.5 msf), Mumbai, Chennai, GIFT City Ahmedabad, and Gurugram—plus 63 MW of solar capacity supplying 74% of portfolio energy.
KRT's business model is a pure-play commercial office REIT: it acquires, develops, and manages Grade A office real estate and distributes rental income (net of expenses) to unitholders on a quarterly basis. FY26 total revenue reached INR 4,577.2 crore (16% YoY) and Net Operating Income reached INR 4,048.4 crore (18% YoY), with 92% committed occupancy and 22% embedded mark-to-market potential. The portfolio is 45% rented to Global Capability Centre (GCC) occupiers, with technology, BFSI, and professional services tenants making up the remainder. Tenant acquisition is institutional and lease-driven rather than transactional.
Financially, KRT operates with an 18% LTV ratio, average cost of debt at 7.2% (down from 8.6%), and FY26 standalone net profit of INR 2,390.63 crore. The trust has paid cumulative distributions of INR 2,101.9 crore since its August 2025 listing and is included in the FTSE EPRA Nareit Global REITs Index. Sponsor strength is anchored by Blackstone (45% post-IPO, US$1.2 trillion AUM globally, ~84 msf Indian office footprint) and Sattva Group (35% post-IPO, CRISIL AA rated, 80 msf developed). Forward growth is supported by a 6.7 msf ROFO pipeline from Sattva Developers and INR 700 crore committed to a 1.4 msf Bengaluru development.
Knowledge Realty Trust firmographics
Firmographics- Name
- Knowledge Realty Trust
- Legal name
- Knowledge Realty Trust
- Website
- https://knowledgerealtytrust.com
- Company type
- Public
- Founded year
- 2025
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Knowledge Realty Trust (KRT) is India's largest listed office REIT by Gross Asset Value, owning 29 Grade A office assets totaling 46 msf across six cities. Co-sponsored by Blackstone and Sattva Group, KRT serves enterprise and GCC tenants and distributes rental income quarterly to unitholders.
- Ownership category
- akta.pro rank
Knowledge Realty Trust industry classification
Industry- Product category
- Commercial Office REIT
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (52599)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- REITs & Listed Real Estate Securities (FSAAAKAD)
- akta.pro secondary industries
- Office Real Estate Asset Management (BPAJAMAG), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA), Real Assets — Operating Platforms & Direct Investments (FSAAAKAL)
Keywords
Where Knowledge Realty Trust is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices6 records
Markets served
Knowledge Realty Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- Rental and Lease Income: Knowledge Realty Trust generates revenue through rental income from its portfolio of 29 Grade A office assets across India, with income derived from lease rentals, maintenance charges, and other tenant-related services.
- Distribution to Unitholders: REIT distributes rental income net of expenses to unitholders on a quarterly basis, with distributions including dividend component, interest, repayment of capital, and other income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Quarterly | Quarterly Distribution per Unit (Q4 FY25-26) |
| Subscription | Quarterly | Quarterly Distribution per Unit (Q3 FY25-26) |
| Subscription | Quarterly | Quarterly Distribution per Unit (Q2 FY25-26) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Knowledge Realty Trust product offering
Product offeringCore offering
Knowledge Realty Trust owns, operates, and leases a portfolio of 29 Grade A office assets totaling 46 million square feet across six Indian cities. As a listed REIT, it generates recurring rental income from corporate tenants (with 45% of gross rentals from GCC occupiers) and distributes the net income quarterly to unitholders. The portfolio includes large business parks, city-center offices, and integrated renewable energy assets, and is supported by an embedded 22% mark-to-market potential providing rental upside visibility.
Product overview
Knowledge Realty Trust operates as India's largest office REIT by Gross Asset Value (₹674,111 million as of March 31, 2026), offering a unified platform of 29 Grade A office assets totaling 46 million square feet across six Indian cities. The portfolio is organized into city-center offices and business parks, including flagship assets like Sattva Knowledge City in Hyderabad, One BKC in Mumbai, and Cessna Business Park in Bengaluru, with additional renewable energy infrastructure through Solar Assets. The REIT provides institutional-grade commercial real estate investments delivering rental income and distributions to unitholders.
Differentiator
Problem solved
Functional benefit
Products and services
- Knowledge Realty Trust REIT Portfolio A portfolio of 29 Grade A office assets totaling 46 million square feet across six Indian cities (Hyderabad, Mumbai, Bengaluru, Chennai, Ahmedabad, Gurugram), managed as a Real Estate Investment Trust offering stable rental income and quarterly distributions to unitholders.
- Sattva Knowledge City (Hyderabad) One of the largest business parks in HITEC City, Hyderabad, featuring 7.3 million square feet of leasable area with 100% occupancy and best-in-class infrastructure and amenities for GCC and corporate occupiers.
- Sattva Knowledge Park (Hyderabad) A modern business park in HITEC City, Hyderabad, with 3.3 million square feet and 97% occupancy, completed in 2023 with excellent connectivity to metro and residential catchments.
- Sattva Knowledge Capital (Hyderabad) A business park in the Extended IT Corridor-Financial District sub-market in Hyderabad, with 2.3 million square feet and IGBC Platinum certification.
- One BKC (Mumbai) A prominent 0.8 million square feet office development in Mumbai's BKC sub-market with 87% occupancy, hosting front offices of financial institutions and major corporations.
- Cessna Business Park (Bengaluru) The largest asset by leasable area at 4.2 million square feet in Bengaluru's Outer Ring Road, with 94% occupancy and multiple certifications including GRESB 5-star, WELL Gold, and LEED Zero Carbon.
- Sattva Global City (Bengaluru) One of the largest business parks in Bengaluru spread across 78.3 acres with 12.2 million square feet and 81% occupancy, featuring indoor sports facilities, food courts, and a cricket ground; undergoing expansion with a new 1.4 msf block.
- Solar Assets Operational and proposed solar assets with aggregate capacity of 63.0 MW AC (30.8 MW completed plus 32.2 MW under construction), supplying green energy to portfolio assets in Bengaluru and Mumbai and supporting 74% renewable energy share.
Quantifiable outcome
- 18% year-on-year NOI growth to Rs 4,048.4 crore for FY26
- +7 more outcomes
Companies that use Knowledge Realty Trust
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
Knowledge Realty Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Knowledge Realty Trust partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered supporting and secondary.
- M/s S R B C & Co LLPsupportingAppointed as statutory auditors for FY27-FY29 replacing previous auditors. One of the leading audit firms in India.
- iVAS PartnerssupportingAppointed as independent valuer for FY27-FY29. Provides valuation services for the REIT's portfolio assets.
- rePurpose GlobalsecondaryPartner in Karnataka Zero Waste Initiative along with Sattva Group. This three-year community-led waste management programme builds systems along Karnataka's 320 km coastline, targeting recovery of approximately 4.5 million kg of waste, integration of 50 coastal villages, and support for 200 waste workers. Addresses coastal plastic pollution which accounts for 60% of coastal litter in the region.
- Catalyst Trusteeship LimitedsupportingServes as debenture trustee for KRT's listed NCDs including 7.5378% KRT 2029 and 7.20% KRT 2028 debentures. Located at GDA House, Pune.
- KFin Technologies LimitedsupportingRegistrar for Knowledge Realty Trust. Contact: [email protected], Phone: 022 4962 0337
Scale indicators23 records
Recent moves7 records
Expansion highlights6 records
Knowledge Realty Trust competitors and assessment
Company assessmentBroad incumbents
- Boston Properties: Largest publicly-traded developer and owner of Class A office properties in the US, focused on premium urban markets. Comparable to KRT in Grade A office strategy, institutional tenant focus, and REIT structure, though in a mature US market with different demand drivers.
- Nexus Select Trust: India's first listed REIT (retail-focused, Blackstone-sponsored), providing a comparable Indian REIT structure but with retail mall rather than office focus. Useful peer for REIT structure, distribution mechanics, and Indian institutional investor behavior benchmarking.
- Gecina: Leading French office REIT owning Grade A office, residential, and student housing properties in Paris and major French cities. Comparable to KRT as a European office REIT with institutional capital base and focus on prime office assets.
- Hongkong Land: Asia-focused premium office landlord (Jardine Matheson group) with significant portfolio in Hong Kong, Singapore, and mainland China. Comparable to KRT as a high-quality Grade A office landlord serving multinational tenants across Asia, with similar premium positioning strategy.
- CapitaLand Integrated Commercial Trust: Singapore-listed REIT owning Grade A office and integrated commercial properties in Singapore, Australia, and Europe. Comparable to KRT as an Asian commercial REIT with similar tenant quality focus and institutional sponsorship (CapitaLand).
Direct peers
- Embassy Office Parks REIT: India's first and one of the largest listed office REITs, sponsored by Blackstone and Embassy Group. Directly comparable to KRT in asset class (Grade A office), business model (REIT), and tenant base (GCC occupiers). Both are Blackstone-affiliated Indian office REITs competing for the same institutional capital and tenant relationships.
- SL Green Realty: Manhattan's largest office landlord and a self-managed REIT focused on Class A office properties in NYC. Comparable to KRT in office REIT structure, urban Grade A office focus, and institutional tenant base, despite serving a different geography.
- Brookfield India Real Estate Trust: Brookfield-sponsored Indian office REIT focused on Grade A office assets across major Indian cities. Competes with KRT for institutional capital, GCC tenants, and acquisition opportunities in India's commercial office market.
- Mindspace Business Parks REIT: K Raheja Corp-sponsored Indian office REIT listed on NSE/BSE, owning Grade A office parks across Mumbai, Hyderabad, Bengaluru, Chennai, and Pune. Direct peer to KRT in office REIT category, geographic markets, tenant segments, and REIT structure.
Regional players
- Dexus: Australian-listed REIT focused on premium office properties in Sydney, Melbourne, Brisbane, and Perth. Comparable to KRT as a Grade A office REIT in Asia-Pacific serving multinational tenants, though serving Australian rather than Indian markets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Knowledge Realty Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Knowledge Realty Trust leadership team
Management profileNumber of profiles
Profiles19 records
Knowledge Realty Trust funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Knowledge Realty Trust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Knowledge Realty Trust
What does Knowledge Realty Trust do?
Knowledge Realty Trust owns, operates, and leases a portfolio of 29 Grade A office assets totaling 46 million square feet across six Indian cities. As a listed REIT, it generates recurring rental income from corporate tenants (with 45% of gross rentals from GCC occupiers) and distributes the net income quarterly to unitholders. The portfolio includes large business parks, city-center offices, and integrated renewable energy assets, and is supported by an embedded 22% mark-to-market potential providing rental upside visibility.
Is Knowledge Realty Trust a public or private company?
Knowledge Realty Trust is a public company. It is classified as public and is currently operating.
When was Knowledge Realty Trust founded?
Knowledge Realty Trust was founded in 2025. It employs 5,001 to 10,000 people.
Where is Knowledge Realty Trust based?
Knowledge Realty Trust is headquartered in Mumbai, India, in the Asia region.
How does Knowledge Realty Trust make money?
Two revenue lines are on record. Rental and Lease Income is the primary driver. The others are distribution to Unitholders.
Who are Knowledge Realty Trust's main competitors?
Broad incumbents on record are Boston Properties, Nexus Select Trust, Gecina, Hongkong Land and CapitaLand Integrated Commercial Trust. Direct peers are Embassy Office Parks REIT, SL Green Realty, Brookfield India Real Estate Trust and Mindspace Business Parks REIT. Dexus is listed as a regional player.
Does Knowledge Realty Trust have an API?
No public API is recorded for Knowledge Realty Trust.
What industry is Knowledge Realty Trust in?
Knowledge Realty Trust's product category is Commercial Office REIT. Its primary akta.pro industry code is FSAAAKAD, REITs & Listed Real Estate Securities, with a secondary code of BPAJAMAG, Office Real Estate Asset Management. Its NAICS code is 525 and its SIC code is 6798.