Property Share, India’s only listed SM REIT investment manager, has crossed ₹1,070 crore in assets under management across its three listed schemes while distributing over ₹68 crore to unitholders, the Bengaluru-based company announced.
The milestone comes 18 months after the company received India’s first SM REIT licence from SEBI in August 2024, and ahead of the planned launch of its fourth SM REIT scheme.
Since listing its debut scheme, PropShare Platina, on the Bombay Stock Exchange in December 2024 for ₹353 crore, the company has tripled its REIT AUM and now holds approximately one million square feet of Grade A+ commercial office assets across Bengaluru, Mumbai, and Ahmedabad.
PropShare Platina, covering 0.28 million square feet on Bengaluru’s Outer Ring Road, has distributed ₹40.6 crore to investors at a pre-tax yield of approximately 8.8 percent. The second scheme, PropShare Titania, owns 0.45 million square feet in Thane, Mumbai and has returned ₹28 crore at a yield of around 9 percent. The third scheme, PropShare Celestia, listed in April 2026 and covers 0.21 million square feet in Ahmedabad, with its first distribution projected for June 2026 at a pre-tax yield of approximately 8.4 percent.
The SM REIT framework, introduced by SEBI in March 2024, allows retail investors access to institutional-grade commercial real estate through exchange-listed instruments with lower entry thresholds and regular income distributions.
Property Share co-founder Kunal Moktan said the company had pioneered the fractional ownership model in India in 2015, which eventually formed the basis of the SEBI-regulated SM REIT structure.
According to the company, the addressable market remains large. Approximately 40 percent of Grade A office stock across India’s top seven cities — valued at around USD 50 billion — is considered eligible for the SM REIT structure.