Blackstone-backed Bengaluru developer Bagmane to soon file DRHP for Rs 4,000 cr REIT IP
30 Dec 2025
This will be the fifth office real estate investment trust in the Indian market after Embassy Office Parks REIT, Mindspace Business Parks REIT, Brookfield India Real Estate Trust and Knowledge Realty Trust.
Private equity major Blackstone-backed Bengaluru real estate developer Bagmane group is planning to soon file the draft papers for the initial public offering (IPO) of its real estate investment trust (REIT) with the markets regulator to raise around Rs 4,000 crore, two people aware of the companys plans told Moneycontrol.
The sources added that Bagmane is looking to file the draft red herring prospectus (DRHP) anytime this week.