Alt, a -based alternative investment platform, has exited its investment in GCorp Tech Park in Thane, , delivering a pre-tax internal rate of return of 103 per cent and a 1.50x multiple on invested capital within nine months.
The platform deployed ₹69.21 crore in equity in July 2025 across 170,000 square feet spanning three floors of the Grade-A+ commercial office asset. By April 2026, the investment was to a family office and real estate fund, generating a realised value of ₹104.03 crore and a gross pre-tax profit of ₹34.82 crore.
The exit coincides with broader institutional interest in the same property. Property Share, India’s first SEBI-registered Small and Medium REIT, recently closed its second scheme — PropShare Titania — acquiring 4.4 lakh square feet of leasable area within the same GCorp Tech Park development.
GCorp Tech Park is located on Ghodbunder Road, adjacent to a planned metro station. The building holds LEED Platinum, WELL Health-Safety, and BEE 5-Star certifications and counts Aditya Birla Group entities and Concentrix among its tenants.
Alt CEO and Co-founder Kunal Moktan attributed the returns to a pricing gap between institutional and high-net-worth investor cap rates on prime commercial real estate. Property Share Co-founder Hashim Khan said the exit was executed as institutional demand for the asset had strengthened.
Alt, which is Series-B funded with backing from Westbridge Capital, Lightspeed, Beenext and Pravega Ventures, manages over $300 million in assets across more than 350,000 users. The platform offers exposure to private credit, private real estate in India and the UK, and listed REITs across the US, Canada, the UK and India.
Property Share, Alt’s fractional ownership platform founded in 2015, listed India’s first SM REIT — PropShare Platina — on the in December 2024 and has since grown its AUM to approximately ₹1,000 crore across three listed schemes.