PropShare Investment Manager

What PropShare Investment Manager does

PropShare Investment Manager Private Limited is the investment manager to Property Share Investment Trust, India's first registered Small and Medium Real Estate Investment Trust (SM REIT) licensed by SEBI in August 2024 under Regulation 26L(1) of the REIT Regulations. The company, headquartered in Bangalore and incorporated in 2024 with 51-100 employees, designs and launches single-asset SM REIT schemes that enable retail and HNI investors to access Grade A commercial real estate at a minimum ticket size of Rs 10 lakh per unit. Three schemes have been listed on BSE to date: PropShare Platina (Bengaluru, Prestige Tech Platina, December 2024), PropShare Titania (Mumbai/Thane, G Corp Tech Park, July 2025), and PropShare Celestia (Ahmedabad, Venus Stratum, April 2026), collectively raising approximately Rs 1,070.53 crore through IPOs and targeting projected distribution yields of 8.1% to 9.0%.

The underlying platform combines a digital onboarding and portfolio tracking mobile application with VR property visit capability and marketing-claimed AI-powered data analytics. Distribution is executed through IPOs managed by tier-1 merchant bankers (Ambit, Kotak Mahindra Capital, ICICI Securities) using the ASBA mechanism across SCSBs and brokerage accounts, with units trading on BSE post-listing. The Investment Manager maintains a mandatory 5% co-investment in every property to align with unitholders. Governance is supported by Axis Trustee Services as Trustee, JLL as independent valuer, and a board including former SEBI Chairman C.B. Bhave and former RBI Regional Director Rachna Dikshit.

Revenue is generated through two streams: recurring investment management fees on assets under management across the SM REIT schemes, and one-time IPO processing/lead management fees. The company is backed by institutional investors WestBridge Capital, Lightspeed Venture Partners, Pravega Ventures, and Beenext, and the founding team combines prior Blackstone and tier-1 Indian financial institution experience with a track record as India's first fractional ownership platform operator (approximately Rs 1,355 crore deployed across 20 properties).

Name

PropShare Investment Manager

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

PropShare Investment Manager is the SEBI-licensed investment manager to India's first Small and Medium REIT, operating single-asset SM REIT schemes that give retail and HNI investors access to Grade A commercial real estate at Rs 10 lakh minimum tickets via BSE-listed IPOs.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (SM REIT) Management

NAICS

Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industries

Alternative Investments for Private Wealth (Hedge Funds, PE/VC Access, Private Credit) (FSAAABAI), Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

Keywords

• Small medium REIT
• Commercial real estate investing
• Fractional property ownership
• REIT investment management
• Listed real estate trust

Headquarters

HQ city

Bangalore

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Management Fees: The Investment Manager charges fees as per the investment management agreement executed between the Trustee and Investment Manager, detailed in the offer document. SM REIT schemes are launched via IPO, and the manager earns fees on assets under management.
2. IPO Processing / Lead Manager Fees: Fees earned from managing IPOs of SM REIT schemes ( Celestia, Platina, Titania ) in its capacity as Investment Manager to Property Share Investment Trust.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

PropShare Investment Manager acts as the SEBI-registered Investment Manager to Property Share Investment Trust (India's first Small and Medium REIT) and launches single-asset SM REIT schemes holding income-generating Grade A commercial office properties. Investors can purchase units at a Rs 10 lakh minimum ticket, receive regular rental distributions, and exit via the BSE secondary market. The manager co-invests 5% of its own capital into every property to align with unitholders.

Product overview

PropShare Investment Manager operates as the investment manager to Property Share Investment Trust (PSIT), India's first registered Small and Medium Real Estate Investment Trust (SM REIT) registered with SEBI. The company offers three distinct SM REIT schemes, each structured as single-asset investment vehicles: PropShare Platina (Bangalore office), PropShare Titania (Mumbai office), and PropShare Celestia (Ahmedabad office). Each scheme targets completed, revenue-generating Grade A commercial office properties with minimum investment tickets of ₹10 lakh per unit. The platform enables retail investor access to institutional-quality commercial real estate with projected distribution yields ranging from 8.4% to 9.0%.

Differentiator

Problem solved

Functional benefit

Brands

• Propshare Platina (PSPLATINA): First SM REIT scheme - invests in six floors of Prestige Tech Platina, a Grade A commercial building on Outer Ring Road, Bengaluru. Fully leased to a US-based Indian tech company. Listed on BSE under scrip code 544295.
• Propshare Titania (PSTITANIA)
• PropShare Celestia (PSCELESTIA)

Products and services

• PropShare Platina (PSPLATINA) India's first SM REIT scheme structured as a single-asset investment vehicle holding six floors of the Prestige Tech Platina Grade A commercial office building on Outer Ring Road, Bengaluru (246,935 sq.ft), fully leased to a US-based Indian AI-led customer services tech company through December 2033. Available to investors via IPO subscription (minimum Rs 10 lakh per unit) and post-listing BSE secondary trading, with projected distribution yields of 9.0% in FY26 declining to 8.6% by FY28.
• PropShare Titania (PSTITANIA) Second SM REIT scheme structured as a single-asset vehicle holding six floors of G Corp Tech Park on Ghodbunder Road, Thane, MMR (437,973 sq.ft), a Grade A+ LEED Platinum / WELL Health Safety / BEE 5 Star certified commercial development leased to Fortune 500 and blue-chip multinational tenants including Aditya Birla Capital and Concentrix. Available via IPO and BSE secondary market, with projected distribution yields of 9.0% in FY26 declining to 8.7% by FY29.
• PropShare Celestia (PSCELESTIA) Third SM REIT scheme structured as a single-asset vehicle holding seven floors of Stratum @ Venus Grounds in Nehru Nagar, Ahmedabad (207,838 sq.ft), an IGBC Platinum-certified Grade A+ mixed-use commercial building with sustainability features (130kw solar, rainwater harvesting, EV charging) and 100% occupancy by enterprise tenants including Smartworks Coworking, EFC Limited, and a Swedish telecommunications MNC. Listed on BSE at Rs 9,99,900.01 versus issue price of Rs 10,50,000; projected distribution yields range from 8.1% (FY26) to 8.9% (FY29).

Quantifiable outcome

• Projected distribution yields of 8.1% (FY26), 8.4% (FY27), 8.7% (FY28), 8.9% (FY29) for PropShare Celestia
• +2 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Axis Trustee Services LimitedcoreOthersAxis Trustee Services Limited serves as the Trustee to Property Share Investment Trust, overseeing governance of SM REIT schemes and investor protection.
• JLL (Jones Lang LaSalle)minorOthersJLL provides independent property valuation reports and market research for SM REIT assets. JLL report on Venus Stratum confirms 100% occupancy, tenant quality, and IGBC Platinum certification.
• SEBIcoreOthersSecurities and Exchange Board of India (SEBI) regulates Property Share Investment Trust as India's first registered SM REIT under Regulation 26L(1) of REIT Regulations, registration number IN/SM-REIT/24-25/0001.
• BSE LimitedcoreOthersBSE Limited is the stock exchange where all three SM REIT schemes (PSPLATINA scrip 544295, PSTITANIA, PSCELESTIA) are listed and traded.

Scale indicators8 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Embassy Office Parks REIT: India's first listed mainboard REIT, sponsored by Embassy Group and Blackstone; invests in Grade-A commercial office assets across India's top cities. Comparable to PropShare as a publicly listed Indian REIT vehicle holding commercial office real estate, though at materially larger asset sizes and a mainboard (not SM REIT) wrapper.
• Nexus Select Trust: India's first listed retail REIT (formerly Select Citywalk REIT) holding consumption-led retail assets across Indian cities. Comparable to PropShare as a listed Indian REIT, but on the retail/consumer side rather than commercial office.
• Fundrise: US-based online real estate investment platform offering fractional/interested-party access to commercial real estate to retail and accredited investors. Comparable to PropShare as a tech-enabled fractional ownership platform serving non-institutional investors in income-producing real estate, though at greater scale and longer operating history.
• Mindspace Business Parks REIT: K Raheja Corp-sponsored listed Indian REIT focused on Grade-A commercial office parks including Mindspace Airoli, Mindspace Madhapur, and Commerzone. Direct comparability with PropShare as a listed, single-asset-per-scheme style commercial office REIT in India.
• Brookfield India Real Estate Trust: Brookfield-sponsored listed Indian REIT holding commercial office assets across Bengaluru, Mumbai, Gurugram, and Kolkata. Comparable to PropShare as a listed Indian REIT investing in Grade-A commercial office space, albeit at mainboard scale.
• Yieldstreet: US-based alternative investment platform offering fractional ownership in real estate, marine, legal, and other private-market asset classes. Comparable to PropShare as a curated, regulated alternative-investment platform making institutional-quality real estate accessible at multi-unit minimums.

Emerging players

• Roofstock: US-based marketplace for single-family rental investments, enabling fractional ownership and full-property transactions online. Comparable to PropShare as a tech-led fractional real estate platform that lowers ticket size for individual investors, although focused on residential rather than commercial.
• Awfis Space Solutions: Listed Indian managed-workspace and coworking operator that is both a tenant of PropShare schemes (e.g., EFC, Smartworks competition) and a notable player in the Indian Grade-A office occupancy chain. Comparable to PropShare at the property-occupier layer where PropShare's schemes are leased, and as an adjacent real-estate-as-an-asset-class Indian platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/propertyshare3
• Facebookfacebook.com/propertyshare.in
• LinkedInlinkedin.com/company/about

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 PropShare Investment Manager