Knowledge Realty Trust has approved raising up to ₹1,000 crore through a fresh issuance of listed, rated, secured and redeemable non-convertible debentures. According to reports from CNBC TV18, the fundraising will be undertaken on a private placement basis, with the issue structured through one or more transactions and/or one or more series or tranches. The Borrowing Committee of Knowledge Realty Office Management Services Private Limited, the manager of Knowledge Realty Trust, approved the proposal at its meeting held on September 7, 2026, which commenced at 1:45 pm and concluded at 1:55 pm. Each debenture will carry a face value of ₹1,00,000 and will be issued to eligible investors on a private placement basis.
In the April–June quarter (Q1FY27), Knowledge Realty Trust reported leasing of 1.4 million square feet, comprising 700,000 square feet of new leases and 700,000 square feet of renewals. As reported by CNBC TV18, the strong leasing performance lifted portfolio occupancy to 93% from 92%, while revenue and operating income rose 15% year-on-year. Distribution per unit (DPU) increased 5% quarter-on-quarter to ₹1.70.
CEO Shirish Godbole expects leasing activity this year to exceed last year's total of 3.5 million square feet, with the company already achieving 1.4 million square feet in the first half of the year. According to CNBC TV18, Godbole stated that demand for Indian office space has remained resilient despite global volatility, with both global capability centres (GCCs) and front-office occupiers continuing to sign long-term leases across key markets such as Hyderabad, Bengaluru and Mumbai.
Beyond leasing, Knowledge Realty Trust sees multiple growth drivers over the next two years. As reported by CNBC TV18, the company has around 25% mark-to-market rental upside across its portfolio, 2.6 million square feet under development, and is actively evaluating acquisition opportunities across six major office markets, including Mumbai, Gurugram, Pune and cities in southern India. The REIT also expects inorganic growth during the current financial year, with leverage at around 18% management believes it has sufficient financial flexibility to pursue acquisitions when suitable assets become available at attractive valuations.
Shares of Knowledge Realty Trust ended at ₹113.10, up by ₹0.53, or 0.47%, on the BSE following the fundraising announcement. According to CNBC TV18, the company expects leasing momentum to remain strong through FY27 after a robust start to the year, backed by healthy demand for premium office space, improving occupancy and a steady pipeline of acquisition opportunities. The trust confirmed that further details about the NCD issuance will be available on its official website.
