KRT is the second largest REIT (in terms of leasable area) in India with a portfolio of 46.3 msf of operational and under-construction commercial office assets.
The Trust’s sponsors—The Blackstone Group and the Sattva Group—have a well-established presence in India’s commercial office real estate market, supported by a strong track record in the acquisition, development, leasing, and operation of office assets across multiple locations. The Blackstone Group is among the leading owners of office properties in India, with a diversified portfolio spanning Bengaluru, Pune, Hyderabad, Mumbai, the National Capital Region (NCR), and Chennai. The Sattva Group brings nearly four decades of experience in the real estate sector and has delivered approximately 75.9 million square feet of completed development across residential and commercial office segments. The portfolio is expected to benefit from strong sponsor backing and an experienced management team.
As of Sept'25, the REIT’s operational portfolio included 27 operational office projects (housed under 25 entities) with 37.1 msf of leasable area, spread across Bengaluru, Hyderabad, Mumbai, Chennai, Ahmedabad, and Gurugram. The operational portfolio had a healthy committed occupancy of ~92% as of Sept'25 and included multi-national and Indian corporates with the top 5 tenants accounting for 19% of the annualised rentals as of Sept'25. Another three commercial office projects with a combined leasable area of around 9.2 msf (housed under three entities) are under construction and for future development.
REIT has 4 SPVs, which will handle the CAM of office buildings under the trust, and 4 entities for housing solar power assets (1 operational and 3 under construction) for meeting part of the power requirement of the REIT’s office buildings.
The Gross Asset Value (GAV) of the portfolio was determined to be Rs 646 billion as of H1FY6. The Net Asset Value (NAV) per unit reached Rs 118.The asset value is concentrated geographically, with Bengaluru 33%(24 msf), Mumbai 32%(6 msf), Hyderbad 31% (13 msf) & Others 5% (3 msf).
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