Knowledge Realty Trust IPO

Largest office REIT in India by GAV and NOI and the most geographically diverse, with severalbest-in-class assets located in the best performing office markets of India.

Located in India-the worlds fastest growing major economy with the services sector continuing tobe the key driver.

High quality assets with robust infrastructure and a wide-range of amenities, supported bywell-established in-house asset maintenance services.

Diversified tenant base with an increasing focus on leading GCCs and domestic corporates.

Robust business model with strong embedded growth, stable cash flows, an established developmentand acquisition track record and a brand-agnostic platform.

Renowned sponsors with global experience and local knowledge.

Fully integrated platform with a highly experienced management team, allowing for seamlesscoordination across all aspects of the business, from acquisition and development to property leasing and management.

Sustainability remains a core ethos of our business, with a commitment to a long-term sustainability roadmap.

We have not executed binding agreements with respect to the Initial Portfolio AcquisitionTransactions and for the proposed management framework for our Portfolio and our ability toconsummate these transactions will impact the size of the Issue and the ability of the Manager tocomplete this Issue. Further, we will assume existing liabilities in relation to our Portfolio, which if realized may impact the trading price of the units and our profitability and ability to make distributions.

Our actual results may be materially different from the expectations expressed or implied, orProjections, included in this Draft Offer Document. Accordingly, investors should not place undue reliance on, or base their investment decision solely on this information.

We do not provide any assurance or guarantee of any distributions to the Unitholders. We may notbe able to make distributions to Unitholders in the manner described in this Draft Offer Documentor at all, and the level of distributions may decrease.

After the completion of the Issue and the listing of the Units, we may obtain external debtfinancing to repay a portion of the debt of our Portfolio and to finance our Portfolios businessand financing requirements. The terms of this financing may limit our ability to makedistributions to the Unitholders.

We may utilize a significant amount of debt in the operation of our business, and our cash flowsand operating results could be adversely affected by required repayments or related interest andother risks of our debt financing. Our inability to service debt may impact distributions toUnitholders.

The SEBI REIT Regulations impose restrictions on the investments made by us and require us toadhere to certain investment conditions, which may limit our ability to acquire and/or dispose ofassets or explore new opportunities.

The holding and financing structure of certain entities within our Portfolio may not be taxefficient.

The Knowledge Realty Trust has a limited operating history and may not be able to operate ourbusiness successfully or generate sufficient cash flows to make or sustain distributions. Further,the Special Purpose Combined Financial Statements are prepared for this Draft Offer Documentand may not necessarily be representative of our actual consolidated financial position, results ofoperation and cash flows for such periods.

Our business, revenues and profitability are dependent on the performance of the commercial real estate market in India, particularly in our Portfolio Core Markets. Fluctuations in the general economic, market and other conditions may affect the commercial real estate market in India and in turn, our ability to lease our Portfolio Assets to tenants on favorable terms.

We depend on the leasing activities at certain key Portfolio Assets for a significant portion of ourrevenue, which collectively contributed to 65.40% of our revenue from operations for the sixmonths ended September 30, 2024, and any adverse developments affecting such key PortfolioAssets could have an adverse effect on our business, results of operations and financial condition.