Knowledge Realty Trust To Invest Rs 7,000 mn In Bengaluru

29 May 2026 CW Team

Knowledge Realty Trust will invest Rs 7,000 million (mn) over the next three years to develop 1.4 million (mn) square feet of office space in Bengaluru, the company said. Chief executive officer Shirish Godbole said the trust is seeking prime office acquisitions to support organic growth.

The trust is a real estate investment trust sponsored by Sattva Group and Blackstone. Its total portfolio is 46.5 million (mn) square feet, with 37.2 mn completed, 2.6 mn under construction and 6.6 mn for future development across six cities.

On projects, the company said 1.2 mn square feet is almost complete, while construction has begun on the new 1.4 mn Bengaluru project. The Bengaluru development will be funded through the specified Rs 7,000 mn investment and internal capital. Around 25 per cent of the portfolio is leased below market rent, providing scope for rental growth.

The trust reported a distribution of Rs 7,166 mn for the quarter ended March, taking cumulative distributions since listing in August 2025 to Rs 21.019 billion (bn). Net operating income rose 14 per cent to Rs 10.533 bn in January to March and the full year NOI rose 18 per cent to Rs 40.484 bn for 2025-26. In the quarter, gross leasing was 1.1 mn square feet, taking FY26 leasing to about 3.5 mn and occupancy to 92 per cent.

Godbole said the trust enters the next fiscal with strong operating momentum and visible growth levers, and expects leasing in 2026-27 to be broadly similar to the prior year. The company noted a debt position of Rs 120 bn and said it remains active in the market for acquisitions. The portfolio, with 45 per cent of gross rentals from Global Capability Centres and 31 per cent of value in front office assets, underpins the outlook.

Infrastructure Energy

25 Jun 2026

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..

BCCL Hands Over Dugdha Coal Washery To JSW Steel

Bharat Coking Coal has handed over the Dugdha Coal Washery to JSW Steel, marking the first coal washery asset monetisation under the Ministry of Coal's asset monetisation programme. The handover took place in the presence of senior officials from Bharat Coking Coal Ltd, JSW Steel and JSW Energy. The washery has a capacity of two million tonnes per annum (mn t per annum), and its transfer is intended to introduce private sector practices into coal beneficiation operations. The monetisation is aimed at modernising coal sector assets, improving operational efficiency and enhancing resource utilis..