Blackstone Sets Rs 108 Floor Price for Knowledge Realty Trust Stake Sale

Blackstone has announced a floor price of Rs 108 per unit for the divestment of its holdings in Knowledge Realty Trust, marking a significant milestone in the monetization of its real estate assets in India. Knowledge Realty Trust, a REIT established as a partnership between global investment firm Blackstone and homegrown real estate developer Sattva Group, has emerged as a key vehicle for commercial property investments across India's major markets.

The floor price determination reflects Blackstone's valuation parameters for the stake sale process and sets the baseline for potential bidders or acquirers. The REIT structure, which allows institutional and retail investors to participate in large-scale real estate projects through tradeable units, has become increasingly popular among India's investment community seeking exposure to the commercial property sector.

Knowledge Realty Trust's portfolio encompasses office spaces and mixed-use developments across prominent business districts. The floor pricing announcement comes at a time when Indian REITs continue to attract domestic and international capital, supported by regulatory reforms and growing institutional interest in structured real estate investment vehicles.