A leading real estate investment trust (REIT) has received approval from the market regulator to launch its public offering aimed at raising ?4,800 crore.

The trust had previously raised ?1,400 crore from investors last month ahead of its maiden REIT listing. In early March, it filed the draft prospectus with the regulator to proceed with the initial public offering and list the units on the stock exchanges.

The move is part of a broader strategy to monetise a portfolio of 30 premium office assets located across major Indian cities. According to sources, regulatory approval has been granted, and the public issue is expected to open in the first week of August.

The REIT plans to raise ?4,800 crore through the public issue, in addition to the amount already secured from investors. A spokesperson associated with the promoters declined to comment.

Investor outreach activities are scheduled to begin this week, with the price band expected to be announced on August 30.

Upon listing, the trust is set to become India’s largest REIT by gross asset value, estimated at around ?62,000 crore.

The sponsors of the trust have adopted a brand-neutral strategy to facilitate inorganic growth through third-party acquisitions. Collectively, REITs in the country have distributed more than ?21,000 crore to unitholders since their introduction. 

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