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Bengaluru Office Boom: KRT Invests ₹700 Cr for 1.4M Sq Ft
24 May
Summary
- KRT will invest ₹700 crore over three years in Bengaluru office space.
- The investment targets 1.4 million sq ft of office space development.
- Demand is driven by foreign companies establishing Global Capability Centres.
Realty firm Knowledge Realty Trust (KRT) has announced a significant investment of ₹700 crore to develop 1.4 million square feet of office space in Bengaluru over the next three years. This strategic expansion is driven by a robust demand for commercial properties, primarily from foreign companies establishing Global Capability Centres (GCCs).
KRT, sponsored by the Sattva Group and Blackstone, reported strong performance in the last fiscal year and expects continued growth in key metrics like Net Operating Income (NOI) and unitholder distributions for 2026-27. The company's current portfolio spans 46.5 million square feet across six cities, with a significant portion occupied by GCCs, contributing to its AI-resilient status.
The firm is actively seeking acquisitions for inorganic growth and notes that approximately 25% of its existing portfolio is leased below market rates, presenting an opportunity for increased rental income. KRT recently announced a distribution of ₹716.6 crore to unitholders for the quarter ending March 2026.
