PRESS RELEASE
19 March 2025

Induslaw Deal Update - Knowledge Realty Trust

I
CMS INDUSLAW

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.
Knowledge Realty Trust, a joint venture between Blackstone Inc. and Sattva Group, is set to raise USD 710 million through its initial public offering (IPO), making it India’s largest Real Estate Investment Trust (REIT). The REIT will comprise assets a
India

Knowledge Realty Trust, a joint venture between Blackstone Inc. and Sattva Group, is set to raise USD 710 million through its initial public offering (IPO), making it India's largest Real Estate Investment Trust (REIT). The REIT will comprise assets across six cities, including Bengaluru.

Our firm advised Sattva Group to conduct title due diligences for approx. 14 projects in Bengaluru, this included verifying property titles, ownership structures, and leasable areas. The due diligence process was essential in identifying and mitigating potential risks to ensure that all assets that were put into were in full compliance with SEBI's stringent requirements and facilitating a smooth and successful listing.

This diligence exercise will support the REIT's access to capital and contribute to increased real estate transactions.

INDUSLAW Real Estate Team:

Sunitha Rajesh (Partner), Geetha K.N. (Partner), Thara (Principal Associate), Nirupama. V (Principal Associate), Chandrakala (Principal Associate), Hamsaveni (Principal Associate), Ashwini Madhusudhan (Senior Associate), Sangeetha Sakre (Associate) and team.

Footnotes

1. https://www.reuters.com/markets/deals/blackstone-sattva-jv-raise-up-712-million-indias-largest-reit-ipo-2025-03-06/

2. https://timesofindia.indiatimes.com/business/india-business/blackstone-sattva-group-jv-files-papers-for-rs-7000-crore-reitipo/articleshow/118778380.cms

3. https://www.livemint.com/companies/blackstone-sattva-reit-ipo-knowledge-realty-trust-commercial-real-estate-investment-gccs-11741266005135.html

Contributor

CMS INDUSLAW is a top-tier full-service law firm and the 7th largest in India* with offices in Bengaluru, Chennai, Delhi, Gurugram, Hyderabad and Mumbai, which give it a pan-India presence. With more than 400 lawyers committed to client service, CMS INDUSLAW advises clients globally on Indian law. CMS INDUSLAW supports its clients’ transactional goals, business strategies and regulatory and dispute resolution needs. The CMS INDUSLAW team collaborates across practice areas, sectors and locations, navigating legal complexities and resolving legal issues efficiently for its clients.

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