Property Share Online Platform

What Property Share Online Platform does

PropShare Investment Manager Private Limited (operating as Property Share) is a Bangalore-based, SEBI-registered investment manager to India's first Small and Medium Real Estate Investment Trust (SM REIT) — a regulated category created by SEBI under REIT Regulation 26L(1). The firm holds India's first SM REIT license (registration IN/SM-REIT/24-25/0001, granted August 5, 2024) and serves as investment manager to Property Share Investment Trust, which operates three listed SM REIT schemes on BSE: PropShare Platina (Rs 352.91 crore, Prestige Tech Platina, Bengaluru), PropShare Titania (Rs 472.97 crore, G Corp Tech Park, Thane), and PropShare Celestia (Rs 244.65 crore, Stratum @ Venus Grounds, Ahmedabad), together aggregating approximately 1 million sq.ft of Grade A/A+ commercial office assets and Rs 1,070 crore AUM. The platform enables individual and institutional investors to subscribe to single-asset focused SM REIT schemes via ASBA-based IPOs on BSE with a Rs 10 lakh minimum ticket, taking positions in fully leased commercial properties occupied by tenants such as a US-based Indian tech company, Aditya Birla Capital, Concentrix, a Fortune 500 healthcare company, a Japanese MNC conglomerate, and Swedish telecom — and earn projected pre-tax yields of 8.4–9.0%. The investment manager charges recurring management fees disclosed per scheme, co-invests 5% in every property to align with unitholders, and is supported by a technology stack featuring VR property tours, AI-driven investment insights, and a mobile portfolio-tracking application.

The company evolved from Property Share's earlier incarnation as India's first fractional ownership platform, in which the founding team invested approximately Rs 1,355–1,953 crore across 20 properties. The team — led by co-founders Kunal Moktan (ex-Blackstone, IIM Ahmedabad) and Hashim Khan (IIT Kanpur, IIM Ahmedabad) — and an advisory bench including former SEBI/NSDL Chairman C.B. Bhave, ex-Blackstone India MD Vikaash Khdloya, and Sobha Vice Chairman JC Sharma bring institutional underwriting depth. PropShare is backed by WestBridge Capital (Series B lead, Rs 367 crore / $47 million, June 2022), Lightspeed, Pravega Ventures, and BEENEXT. Distribution is anchored by top-tier merchant bankers (ICICI Securities, Kotak Mahindra Capital, Ambit) and a multi-channel investor education effort spanning webinars, financial media partnerships (Moneycontrol, Livemint, Economic Times, CNBC TV18), and joint JLL research, with units distributed exclusively through BSE's demat/ASBA infrastructure rather than a proprietary sales force.

Name

Property Share Online Platform

Legal name

PropShare Investment Manager Private Limited

Website

https://propertyshare.in

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

Property Share is a Bangalore-based SEBI-registered investment manager to India's first SM REIT, operating three BSE-listed schemes holding Rs 1,070 crore of Grade A commercial office assets across Bengaluru, Mumbai, and Ahmedabad, and serving HNI and institutional investors seeking listed fractional exposure to commercial real estate.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Portfolio Management and Investment Advice (523940)

SIC

Real Estate Investment Trusts (6798), Investors, Nec (6799)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Corporate & Institutional Trust Services (FSAAANAB)

Keywords

• Fractional real estate investing
• SM REIT management
• Commercial property investment
• Real estate investment platform
• Institutional grade real estate

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Investment Management Fees: Property Share Investment Manager charges fees as per the investment management agreement executed with the Trustee. Fees are disclosed in each SM REIT scheme's offer document and on the website. The investment manager also invests 5% into every property ensuring alignment of interest with investors.
2. IPO Issuance and Listing Fees: The company raises capital through IPOs for each SM REIT scheme (Propshare Platina Rs 352.91 crore, PropShare Titania Rs 472.97 crore, PropShare Celestia Rs 244.65 crore). Revenue is generated through investment management fees tied to AUM performance across listed schemes.
3. AUM-Based Management Revenue: With Rs 1,070 crore in SM REIT AUM across three listed schemes, the investment manager generates ongoing fees based on assets under management. The company distributes over Rs 68 crore to unitholders, with the manager retaining fees from the gross rental income generated by portfolio properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Property Share is India's first SEBI-registered SM REIT (Small and Medium Real Estate Investment Trust) investment manager, operating through PropShare Investment Manager Private Limited. The company enables HNI and institutional investors to access individual Grade A+ commercial office properties via listed SM REIT schemes on BSE, with a minimum ticket size of Rs 10 lakh per unit. It manages three listed SM REIT schemes (PropShare Platina, PropShare Titania, PropShare Celestia) holding approximately 1 million sq.ft of commercial office assets across Bengaluru, Mumbai, and Ahmedabad.

Differentiator

Problem solved

Functional benefit

Brands

• PropShare Platina (PSPLATINA): First SM REIT scheme listed on BSE - Grade A office property at Prestige Tech Platina, Outer Ring Road, Bengaluru with 246,935 sq.ft leasable area.
• PropShare Titania (PSTITANIA)
• PropShare Celestia (PSCELESTIA)

Products and services

• PropShare Platina (PSPLATINA) India's first listed SM REIT scheme providing investors fractional ownership exposure to a Grade A office property in Bengaluru. The asset is fully leased to a US-based AI-led customer services technology company. Traded on BSE under scrip code 544295 with a Rs 10 lakh minimum unit price.
• PropShare Titania (PSTITANIA) India's second listed SM REIT scheme offering fractional ownership in a LEED Platinum-certified Grade A+ commercial office property in Thane, Mumbai. The asset is fully leased to Fortune 500 companies including Aditya Birla Capital, Concentrix, a Fortune 500 healthcare company, and a Japanese multinational conglomerate. Traded on BSE under scrip code PSTITANIA.
• PropShare Celestia (PSCELESTIA) India's third listed SM REIT scheme providing exposure to an IGBC Platinum-certified commercial building in Ahmedabad. The property is 100% occupied by four tenants including Smartworks Coworking, EFC Limited, a Swedish telecommunications multinational, and a US-based professional services firm. Traded on BSE under scrip code PSCELESTIA.
• SM REIT Investment Management Services Investment management services for Property Share Investment Trust and its SM REIT schemes. The investment manager charges fees per the investment management agreement with the Trustee, invests 5% into every property ensuring alignment of interest with investors, and provides ongoing asset management, investor relations, and regulatory compliance.

Quantifiable outcome

• Rs 1,070 crore SM REIT AUM achieved in 18 months with over Rs 68 crore distributed to unitholders
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Partnerships

Seven partnerships are on record, tiered core.

• Axis Trustee Services LimitedcoreStrategic or Co-development PartnerAxis Trustee Services Limited serves as the Trustee to Property Share Investment Trust and its SM REIT schemes. The Trustee oversees the trust operations and protects unitholder interests as required under SEBI REIT Regulations.
• ICICI SecuritiescoreChannel Partner/ Reseller/ DistributorLead merchant banker for Property Share's first SM REIT scheme - Propshare Platina. ICICI Securities hosted live webinar with Kunal Moktan, Co-founder, to discuss SM REITs and scheme details. Managed IPO distribution and investor outreach.
• Kotak Mahindra Capital Company LimitedcoreChannel Partner/ Reseller/ DistributorLead manager for PropShare Titania (India's 2nd SM REIT scheme) IPO. Kotak Mahindra Capital hosted live Q&A webinar with PropShare Investment Manager to discuss scheme details ahead of the July 2025 IPO.
• Ambit Pvt LtdcoreChannel Partner/ Reseller/ DistributorMerchant banker for PropShare Celestia (India's 3rd SM REIT scheme). Ambit hosted live Q&A webinar for the scheme with participation from the Investment Manager. Managed IPO distribution and investor education for the Rs 244.65 crore IPO.
• JLL (Jones Lang LaSalle)coreStrategic or Co-development PartnerJoint research partner with Property Share on SM REITs, producing a comprehensive report on fractional ownership market analysis. JLL conducted property valuations, lease analyses, and provided market data for PropShare Celestia and PropShare Titania properties. JLL reports cited for tenant quality, location analysis, and ESG certifications.
• Prestige Tech Platina (Prestige Group)coreOthersPrestige Tech Platina is a Grade A office building on Outer Ring Road, Bengaluru - the largest office market in India with 87.1 msf stock. Property Share Platina acquired 6 floors totaling 246,935 sq.ft in this building.
• G Corp Tech ParkcoreOthersG Corp Tech Park is a Grade A+ commercial office development on Ghodbunder Road, Thane (MMR). PropShare Titania acquired 6 floors totaling 437,973 sq.ft in this property which has LEED Platinum, WELL HSR, and BEE 5 Star certifications.

Scale indicators9 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Embassy Office Parks REIT: India's first publicly listed mainboard REIT, sponsored by Blackstone and Embassy Group, investing in commercial office assets. Directly comparable to Property Share as another listed REIT vehicle targeting commercial office investors, though at a much larger (~$8B AUM) scale and via the mainboard REIT framework rather than SM REIT.
• Mindspace Business Parks REIT: K Raheja Corp-sponsored listed mainboard REIT holding Grade A office portfolios across Indian tech parks. Comparable in operating model (listed REIT units, institutional commercial office exposure) and tenant base to Property Share's SM REIT schemes, particularly the Bengaluru and Mumbai office assets.
• Brookfield India Real Estate Trust: Brookfield-sponsored listed mainboard REIT holding Grade A office and select commercial assets in India. Directly comparable as a listed REIT vehicle offering institutional-grade commercial real estate exposure to Indian investors, though larger and broader-portfolio than Property Share's single-asset SM REIT approach.
• Nexus Select Trust: India's first listed REIT of retail real estate (Blackstone-sponsored). Comparable to Property Share as another newly listed Indian REIT vehicle offering investors fractional exposure to institutional real estate via exchange-listed units, though focused on retail malls rather than commercial offices.

Broad incumbents

• IndiGrid: India's first listed Infrastructure Investment Trust (InvIT) and a broader incumbent in the listed yield-oriented pooled asset vehicle space. Comparable to Property Share in offering listed, yield-bearing vehicles backed by long-tenure institutional assets, though focused on power transmission and infrastructure rather than real estate.
• PowerGrid InvIT: Listed infrastructure trust sponsored by Power Grid Corporation of India, holding operating power transmission assets. Comparable in structure (listed trust, regulated by SEBI, institutional asset-backed) but operates in a different asset class than Property Share's commercial office SM REITs.
• Blackstone Real Estate (India): Global largest real estate private equity platform and a key incumbent in Indian commercial office through Embassy Office Parks REIT and direct holdings. Comparable to Property Share at the asset and capital-markets level — Kunal Moktan is a Blackstone alumnus and Vikaash Khdloya was ex-MD of Blackstone India — and Blackstone's listed REIT and direct office strategy frames the addressable opportunity Property Share is pursuing at smaller asset sizes.

Emerging players

• Strata Property: Indian fractional real estate ownership platform enabling investors to buy fractions of commercial properties with smaller ticket sizes. Comparable to Property Share's pre-SM REIT fractional ownership model, though it operates in the unlisted/secondary market space rather than the SEBI-regulated SM REIT framework.
• Assetmonk: Indian fractional commercial real estate investment platform offering curated property investments to retail and HNI investors. Comparable to Property Share as an alternative-investment fractional ownership platform, though operating without the SEBI-registered SM REIT license and listed-unit structure.
• Alt (Investwithyd): Bengaluru-based alternative investment platform offering fractional real estate opportunities. Comparable to Property Share in enabling fractional commercial property investment, with overlapping market (same city, similar Grade A office assets) but unlisted, lower-ticket offerings rather than SM REIT vehicles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/agnelbankien

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds3 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Property Share Online Platform