Property Share Investment Trust IPO Details

PropShare Celestia is a 3rd SM Reit Scheme launched by the Property Share Investment Trust. Property Share is India’s first small and Medium REIT. PropShare Celestia allows investors to invest in real estate buildings and earn income without directly buying the whole property. Under the PropShare Celestia scheme, investors can invest in seven floors of a premium commercial building called Stratum @ Venus Grounds, located in the prime area of Nehru Nagar in Ahmedabad. These schemes allow investors to own a share of multiple buildings, without owning the whole. 

The project covers 2,07,838 sq. ft., which consists of 3 offices and co-working companies named Smartworks Coworking Spaces Limited, EFC Limited, and Paragraph Khajanchi Business Centre LLP. Moreover, their office spaces are rented by 10 different tenants which includes, Tech Mahindra, a US-based services company, an Indian private bank, a B2B e-commerce company, a risk & financial analytics firm, and a data analytics company.