Blackstone's offer for Knowledge Realty Trust units saw strong demand from non-retail investors. The offer for sale is valued at Rs 11,988 crore, the largest in India's private sector. Knowledge Realty Trust, backed by Blackstone and Sattva Group, debuted in August 2025. The REIT focuses on commercial real estate with 29 assets across six cities. India's REIT market has expanded rapidly, attracting significant investor interest.