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Economic Times
30-07-2025
- Business
- Economic Times
Knowledge Realty Trust IPO: Rs 4,800 crore issue to open on August 5. Check price band, issue details
The Rs 4,800 crore initial public offering (IPO) of Knowledge Realty Trust will hit the primary markets on August 5, with the price band fixed at Rs 95–100 per unit. The three-day issue, which will close on August 7, will open for anchor investors on August 4. ADVERTISEMENT Bids can be made for a minimum of 150 units and in multiples of 150 units thereafter, by bidders other than anchor and strategic investors. The minimum bid amount is Rs 15,000. This IPO comprises a fresh issuance of units worth up to Rs 4,800 crore by Knowledge Realty Trust through the book-building process. As per REIT regulations, up to 75% of the issue (excluding the strategic investor portion) will be allocated on a proportionate basis to institutional investors, while not less than 25% will be available to Non-Institutional Investors (NIIs). The offer document states that this REIT will be India's largest by Gross Asset Value (GAV) and most geographically diverse office REIT upon of March 31, 2025, the portfolio includes 29 Grade A office properties spanning 46.3 million square feet, comprising 37.1 msf of completed area and 9.2 msf of under-construction and future assets are strategically located across six cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad—and are leased to a diverse tenant base including MNCs, global capability centers, and leading domestic firms. ADVERTISEMENT The sponsors of the REIT are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a portfolio company of Blackstone Funds). Axis Trustee Services Limited is the Trustee, and Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) is the Manager to the REIT. ADVERTISEMENT Sattva Group Managing Director Bijay Agarwal stated that Knowledge Realty Trust is the culmination of the company's 30-year vision that India deserves world-class office infrastructure.'Our partnership with Blackstone has been transformative—not just in scale, but in demonstrating how the right collaboration can create something truly exceptional while making premium office real estate accessible to all investors,' Agarwal said. ADVERTISEMENT Asheesh Mohta, Senior Managing Director at Blackstone Real Estate, said the company is thrilled to launch Knowledge Realty Trust with its long-standing partner lead managers to the issue are: Kotak Mahindra Capital, Axis Capital, BofA Securities India, ICICI Securities, IIFL Capital Services (formerly IIFL Securities), JM Financial, Morgan Stanley India, and SBI Capital Markets. The registrar to the issue is Kfin Technologies Limited. ADVERTISEMENT The units are proposed to be listed on BSE and NSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)


Time of India
30-07-2025
- Business
- Time of India
Knowledge Realty Trust IPO: Rs 4,800 crore issue to open on August 5. Check price band, issue details
The Rs 4,800 crore initial public offering ( IPO ) of Knowledge Realty Trust will hit the primary markets on August 5, with the price band fixed at Rs 95–100 per unit. The three-day issue, which will close on August 7, will open for anchor investors on August 4. About Knowledge Realty Trust IPO Bids can be made for a minimum of 150 units and in multiples of 150 units thereafter, by bidders other than anchor and strategic investors. The minimum bid amount is Rs 15,000. This IPO comprises a fresh issuance of units worth up to Rs 4,800 crore by Knowledge Realty Trust through the book-building process. Explore courses from Top Institutes in Please select course: Select a Course Category Public Policy Project Management Data Science Digital Marketing Data Science Others Data Analytics Leadership Cybersecurity Healthcare Management Finance Design Thinking others Technology MBA CXO Operations Management Product Management PGDM Degree Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details As per REIT regulations, up to 75% of the issue (excluding the strategic investor portion) will be allocated on a proportionate basis to institutional investors, while not less than 25% will be available to Non-Institutional Investors (NIIs). The offer document states that this REIT will be India's largest by Gross Asset Value (GAV) and most geographically diverse office REIT upon listing. As of March 31, 2025, the portfolio includes 29 Grade A office properties spanning 46.3 million square feet, comprising 37.1 msf of completed area and 9.2 msf of under-construction and future development. Live Events The assets are strategically located across six cities—Hyderabad, Mumbai, Bengaluru, Chennai, Gurugram, and GIFT City in Ahmedabad—and are leased to a diverse tenant base including MNCs, global capability centers, and leading domestic firms. Knowledge Realty Trust IPO Backers The sponsors of the REIT are Sattva Developers Private Limited and BREP Asia SG L&T Holding (NQ) Pte. Ltd. (a portfolio company of Blackstone Funds). Axis Trustee Services Limited is the Trustee, and Knowledge Realty Office Management Services Private Limited (formerly known as Trinity Office Management Services Private Limited) is the Manager to the REIT. Sattva Group Managing Director Bijay Agarwal stated that Knowledge Realty Trust is the culmination of the company's 30-year vision that India deserves world-class office infrastructure. 'Our partnership with Blackstone has been transformative—not just in scale, but in demonstrating how the right collaboration can create something truly exceptional while making premium office real estate accessible to all investors,' Agarwal said. Asheesh Mohta, Senior Managing Director at Blackstone Real Estate, said the company is thrilled to launch Knowledge Realty Trust with its long-standing partner Sattva. IPO Lead Managers The lead managers to the issue are: Kotak Mahindra Capital, Axis Capital , BofA Securities India, ICICI Securities, IIFL Capital Services (formerly IIFL Securities), JM Financial , Morgan Stanley India, and SBI Capital Markets. The registrar to the issue is Kfin Technologies Limited . Listing Details The units are proposed to be listed on BSE and NSE.


Hindustan Times
10-07-2025
- Business
- Hindustan Times
Sattva Group to develop 30-acre mixed-use project in Vizag with ₹1,500 crore investment
Bengaluru-based real estate developer Sattva Group has announced a ₹1,500 crore investment for its upcoming 30-acre mixed-use project in Visakhapatnam, Andhra Pradesh, the company said in a statement. Bengaluru-based real estate developer Sattva Group has announced a ₹ 1,500 crore investment for its upcoming 30-acre mixed-use project in Visakhapatnam, Andhra Pradesh. (Representational Image)(Unsplash) Named Sattva Vantage Vizag Campus, the development will feature a blend of Grade A office spaces, premium residential units, and integrated urban infrastructure, with a focus on sustainability and smart living. The announcement follows a high-level meeting between Sattva Group and Nara Lokesh, Andhra Pradesh's Minister for Information Technology, Electronics and Communications, on July 8. According to the statement issued by Sattva, the group acknowledged the Minister's leadership and vision to transform Vizag into a premier IT and innovation hub. Read More: Bengaluru bucks national trend as mid-premium housing demand surpasses luxury: Sattva Group MD Bijay Agarwal Once operational, the campus is expected to generate over 25,000 direct employment opportunities, accelerating the socio-economic development of the region. 'We are proud to partner with Andhra Pradesh in shaping the future of Visakhapatnam,' Sattva Group said in a statement. 'This campus will not only offer world-class infrastructure but also support inclusive economic growth and vibrant urban living.' Read More: Bengaluru-based Sattva Group to invest ₹12,000-14,000 crore in three years, mulls IPO for Simpliwork Sattva aims for ₹ 6,000 crore in FY26 sales across Bengaluru, Goa, Hyderabad and Mumbai Overall, Sattva Group plans to clock ₹6,000 crore in home sales for FY26, up from ₹3,500 crore in the previous fiscal, Sattva Group MD Bijay Agarwal previously told The real estate developer plans to launch around 18 million sq ft of residential space by the end of the financial year across key cities including Bengaluru, Hyderabad, and Goa. "Of this, 2.3 million sq ft has already been launched, while more than 11 million sq ft is currently under construction. To date, we have delivered over 31 million sq ft of homes across about 50 residential projects across cities," Agarwal said. "The steady year-on-year growth is being driven by a combination of strong project execution and timely launches in high-demand micro-markets," he said.
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Business Standard
09-07-2025
- Business
- Business Standard
Sattva Group to invest ₹1,500 crore in 30-acre mixed-use project in Vizag
Bengaluru-based realty firm Sattva Group will invest ₹1,500 crore to develop a 30-acre mixed-use project in Vizag, Andhra Pradesh as part of its expansion plan. Sattva Group, which is one of the leading real estate firms in South India, decided to develop this project following a detailed discussion on Tuesday with Nara Lokesh, Minister for Information Technology, Electronics and Communications, in the Andhra Pradesh government. In a statement on Wednesday, Sattva Group said it will develop a 30-acre mixed-use project, 'Sattva Vantage Vizag Campus'. "With a planned investment of ₹1,500 crore, the project will feature a blend of Grade A office spaces, premium residential developments, and integrated urban infrastructure, all designed to global standards of sustainability and smart living," it said. Sattva Group said it intends to contribute to Andhra Pradesh's growth story, and the campus, once operational, is expected to generate over 25,000 direct employment opportunities. It is already developing an integrated township in Andhra Pradesh. Earlier this week, Sattva Group Managing Director Bijay Agarwal said the company would invest about ₹800 crore over the next two years in the Goa property market as it sees huge business opportunities in this coastal city. In the last three decades of its operation, Sattva Group has completed 74 million square feet area across various residential and commercial projects. More than 75 million sq ft area is under various stages of planning and development. Besides South India, Sattva Group has a presence in Pune, Goa and Kolkata markets, and it is planning to enter Mumbai. The Group also has a presence in other verticals of real estate, including co-working, co-living, data centres and warehousing. It is also in hospitality and education. In early March, Sattva Group and Blackstone-sponsored Knowledge Realty Trust (KRT) filed the Draft Red Herring Prospectus (DRHP) with Sebi to launch an Initial Public Offering (IPO) for raising₹ 6,200 crore and list the REIT on stock exchanges. Through this REIT public issue, Sattva Group and Blackstone want to monetise 30 prime office assets across major cities.


Hindustan Times
08-07-2025
- Business
- Hindustan Times
Bengaluru techies on home buying: Purchase a flat to live, not show; think Android, not Rolex
For many young professionals in Bengaluru, buying a home is about more than just affordability; it's also about maintaining flexibility and not getting 'stuck'. On Reddit, several techies discussed the trade-offs between owning a home and staying mobile in a city known for its long commute. For many young Bengaluru techies, buying a home is about more than affordability; it is also about staying flexible in a city with long commutes and job shifts. (Representational Image)(Souptik Datta ) The conversations reflect a growing sentiment among Bengaluru's young workforce, which lives in a fast-moving city where real estate decisions need to be as agile as their careers. One user expressed concerns about getting stuck after buying a home, only to be advised to opt for smaller, more practical apartments over large luxury units. "I am just unable to figure out whether I should buy a flat or not. I am an NRI and moved to Bangalore 2 years ago. Previously, I rented an apartment closer to my workplace, I changed my company which is 7-8 km from my apartment now," one of the Redditors wrote. Also Read: Bengaluru real estate: Millennials fuel demand for ₹1–2 crore homes in the tech capital "So I shifted closer to my new office. I am thinking of buying an apartment but if I change again, I will be stuck. How are people buying apartments in Bangalore? It becomes a liability more than an asset," he said. He emphasised function over prestige and ease of resale or rental if life circumstances change. 'Buy an apartment like you'd buy an Android phone, not a Rolex.' 'If you switch jobs, rent out your apartment and move closer to work.' Another suggested a more strategic approach, buying two 2BHKs instead of a single 4BHK. Smaller units, they argued, are easier to rent or sell. 'When you're done with the city or your job, just rent it out or sell it. Don't wait for the perfect price,' the user wrote. Also Read: Bengaluru bucks national trend as mid-premium housing demand surpasses luxury: Sattva Group MD Bijay Agarwal Buy a ready-to-move-in flat near your workplace and opt for movable furniture to make relocation easier Several Redditors shared their experiences of navigating job changes after buying a home. One user said they purchased a 3BHK, later switched jobs, and found the commute too long. Instead of selling, they rented out the flat and moved closer to work, earning an extra ₹20,000 from the rent difference. 'Sometimes you have to make tough decisions for better work-life balance,' the user wrote. Another Redditor recommended a practical strategy: buy ready-to-move-in flats within a 13-kilometre radius of the IT corridor and use movable furniture to simplify relocation. 'If you change jobs again, just rent out your apartment and move closer to work. It's that simple,' he advised.