PropShare Platina Launches India’s First SM REIT IPO with a Vision to Redefine Real Estate Investments

In a groundbreaking move for the Indian real estate market, Property Share Investment Trust (PSIT) has announced the launch of the country's first small and medium real estate investment trust (SM REIT) IPO. The flagship scheme under PSIT, named PropShare Platina, seeks to transform how investors perceive real estate investments in India.

A Landmark Initiative in Real Estate Investments

The IPO, valued at Rs 353 crore,, represents an all-fresh issue with no offer-for-sale (OFS) component, signaling a fresh beginning in the realm of real estate investment. With the price band set between Rs 10 lakh and Rs 10.5 lakh per unit, the subscription window opens on December 2, 2024, offering a minimum bid size of one unit.

This IPO aims to fund the acquisition of Prestige Tech Platina, a premium LEED Gold-certified office property located on the vibrant Outer Ring Road (ORR) in Bengaluru. Developed by the prestigious Prestige Group, the 246,935 square feet property stands out as a symbol of innovation and sustainability in commercial real estate.

The Platina SPVs will manage the asset, utilizing the IPO proceeds to finalize its acquisition and address general corporate needs.

An Opportunity for Growth and Stability

PropShare Platina has already secured a nine-year lease with a leading US-based tech company, ensuring steady rental income for investors. With a 4.6-year weighted average lock-in period and 15% rent escalation every three years, the property promises a consistent revenue stream.

The projected distribution yields are equally impressive, with returns of 9.0% in FY26, 8.7% in FY27, and 8.6% in FY28. These hybrid returns combine regular rental income with potential capital appreciation, making the scheme a lucrative option for investors.

A Visionary Step by Property Share

Speaking about the launch, Kunal Moktan, director at Property Share, emphasized,"We believe SM REITs like PropShare Platina provide investors with an innovative asset class that offers a unique combination of rental yields and capital appreciation. This launch is a significant step in introducing Indian investors to a globally recognized investment model. We’re proud to lead this transformation in the Indian financial market."

Transforming Real Estate Investments in India

The PropShare Platina launch marks a pivotal moment in the evolution of real estate investment trusts (REITs) in India. By offering an accessible, transparent, and lucrative investment opportunity, PSIT opens the doors to a broader range of investors, paving the way for new growth stories in the sector.

To learn more about SM REITs, real estate investments, and hybrid investment opportunities, visit our detailed guides on trusted financial platforms.