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Blackstone plans to sell up to 25.03% of Knowledge Realty Trust through a base offer and an oversubscription option, priced at Rs 108 per unit. The REIT, backed by Blackstone and Sattva Group, listed in August 2025 and has posted moderate gains since then.
7:37 AMEconomic Times
Max Estates has acquired 84.71 acres in West Delhi for Rs 420 crore and plans to develop residential and commercial projects on the site. The company estimates the land could generate Rs 10,000 crore to Rs 12,000 crore in revenue.
7:35 AMEconomic Times
India’s housing market is shifting toward premium and luxury homes, while affordable housing is losing share in new launches. CareEdge Ratings attributes the change to stronger demand from affluent buyers and rising development costs, even as sales moderate in some major cities.
3:47 AMEconomic TimesSummary
Blackstone plans to sell up to 25.03% of Knowledge Realty Trust through a base offer and an oversubscription option, priced at Rs 108 per unit. The REIT, backed by Blackstone and Sattva Group, listed in August 2025 and has posted moderate gains since then.
The offer would give Blackstone a substantial exit while materially increasing Knowledge Realty Trust's public
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
A large sponsor sell-down could reshape ownership and liquidity in one of India's newest listed real-estate vehicles.
Summary
Max Estates has acquired 84.71 acres in West Delhi for Rs 420 crore and plans to develop residential and commercial projects on the site. The company estimates the land could generate Rs 10,000 crore to Rs 12,000 crore in revenue.
The acquisition gives Max Estates a major foothold in Delhi's housing market and creates a
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
Max Estates is converting a relatively small land investment into a multiyear Delhi development pipeline with potentially substantial revenue.
Summary
India’s housing market is shifting toward premium and luxury homes, while affordable housing is losing share in new launches. CareEdge Ratings attributes the change to stronger demand from affluent buyers and rising development costs, even as sales moderate in some major cities.
The decisive shift is in supply: developers are prioritizing higher-value homes as construction costs rise
Unlock the full First Pass Analysis to get a better understanding of why this story mattersWhy it matters
India’s housing expansion is becoming less broad-based, with affordability weakening even as headline market value rises.
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