knowledge realty trust

Blackstone and Sattva Group's knowledge realty trust plans to raise over Rs 7,000 crore through an IPO, with the listing expected around June-July. The proceeds will be used for debt repayment, asset acquisition, and corporate purposes. The REIT portfolio includes 48.1 million square feet of leasable area across major commercial hubs.

The city crime branch arrested three persons for allegedly cheating Rajesh Nair family trust of Rs 64 lakh by selling its registered plot to a third party.

The Dighi police have registered a cheating case after a realty firm lodged a complaint accusing a broking agency of diverting Rs6.24 crore, collected from property buyers since 2014 for its project at Dudulgaon, to another account.

knowledge realty trust, backed by Sattva Group and Blackstone, has secured SEBI approval for its Rs 4,800-crore IPO, expected in early August. The REIT, already having raised Rs 1,400 crore from institutional investors, aims to monetize 30 premium office assets. Post-listing, KRT is set to become India's largest REIT by gross asset value, with sponsors retaining 80% ownership.

Transport minister Madan Mitra was among the four persons implicated by CBI on Wednesday in the multi-crore Saradha scam under penal sections that can lead to a decade behind bars, if proved. The others named in the Saradha Realty case supplementary chargesheet filed in an Alipore court are former MP Srinjoy Bose, suspended MP Kunal Ghosh and Sudipta Sen’s lawyer Naresh Bhalotia.

The Chandannagar police are investigating a complaint by a 39-year-old property manager of a city-based construction firm accusing a former corporator from Pimpri Chinchwad of duping the firm of Rs15 crore in the transaction of a 57 guntha land at Charholi Budruk in Wadgaonsheri.

The Diamond City's glitter is set to get flashier. Last year, The City Mayors Foundation, an international think tank on urban affairs, ranked Surat as the fourth fastest developing cities of the world.

Abu Dhabi Investment Authority is investing $250 million (Rs 1,500 crore) in Hines India Real Estate, the Indian arm of American property development and management firm Hines, amid a rise in overseas interest in the sector.

The Ramachandrapuram police on Friday arrested Aliens Group managing director Hari Challa on charges of cheating and breach of trust.

Vaju Vala has been appointed governor of Karnataka, replacing HR Bhardwaj

Indian REITs are outperforming global markets with yields of 6-7.5%, attracting significant investment since 2019. The market capitalization is nearing $18 billion and is projected to exceed $25 billion with new REITs expected. While currently concentrated in office spaces, diversification into retail, logistics, and data centers is anticipated, potentially making India a leading REIT market by 2030.

Mahesh Babu faces legal scrutiny after a Hyderabad-based doctor accused Sai Surya Developers, a real estate firm he previously endorsed, of fraud amounting to Rs 34.8 lakh. The actor is named in a consumer complaint alleging misleading advertising influenced buyers. This follows an earlier Enforcement Directorate inquiry in April 2025 regarding money laundering involving the same firm.

Office space supply dipped significantly in Delhi-NCR and Mumbai last year, even as demand for prime workspaces remained robust across India's major cities. This imbalance led to lower vacancy rates and a rental increase of up to 15% year-on-year. Technology and BFSI sectors, along with Global Capability Centres.

In the course of their investigations into Saradha Group properties, the Enforcement Directorate (ED) has stumbled upon two names — Ashok Biswas and Kiran Misra.

CBI has drawn up a timetable for the next phase of Saradha investigations, starting with a supplementary chargesheet that the agency hopes to file this week.

Taking note of the various complaints against Unitech, the CM had on Apr 11 directed that a panel be set up by Gurgaon deputy commissioner.

CBI is likely to file a supplementary chargesheet in the Saradha Realty case by January-end, naming arrested transport minister Madan Mitra and Rajya Sabha MPs Srinjoy Bose and Kunal Ghosh.

Trial in the 2G spectrum case will commence from November 11 with all the accused refusing to plead guilty to various offences.

Steel tycoon Sajjan Jindal has sold Morena House, the one-storey terrace bungalow, owned by his company Windsor Residency on Carmicheal Road, for about Rs 300 crore.

The patriarch had filed a petition in the Bombay high court last year accusing his son of trying to usurp the business. The HC had not granted him any interim relief.