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PropShare Titania

Thane, Mumbai Metropolitan Region

Overview

PropShare Titania is the second scheme proposed to be launched by Property Share Investment Trust, India’s first small and medium real estate investment trust registered with the Securities and Exchange Board of India. PropShare Titania offers investors an opportunity to invest in various office premises across six floors of G Corp Tech Park, a Grade A+ commercial office building, located in Thane, Mumbai Metropolitan Region

Issue Details

Issue Type

SM REIT

Issue Size

Up to ₹4,720 million

Proposed Listing

BSE Limited

Book Running Lead Manager

Kotak Mahindra Capital Company Limited

Legal Counsel

Cyril Amarchand Mangaldas

Trustee

Axis Trustee Services Limited

RTA

KFin Technologies Limited

BSE Code

-

ISIN Number

-

Property Details

G Corp Tech Park is a Grade A+ commercial office development on the main Ghodbunder Road in Thane, MMR of which PropShare Titania is spread across six floors and has a leasable area of 4,37,973 square feet.

PropShare Titania is fully leased (as of March 31, 2025) to a mix of Fortune 500 companies , multinational companies and bluechip tenants, including Aditya Birla Capital (and its subsidiaries) – an Indian MNC conglomerate operating in the BFSI sector, Concentrix – an American Fortune 500 MNC operating in the technology sector, a Fortune 500 Healthcare company operating in the healthcare and life sciences sector and a Japanese MNC conglomerate, operating in the technology sector. (Source: JLL Report)

Lease Highlights

100% occupancy by a diversified underlying tenant portfolio comprising of Fortune 500 companies, MNCs and bluechip tenants including Aditya Birla Capital and Concentrix.

Total leasable area

437,973 sq.ft

Rent per sq.ft

₹74.8*

Weighted average lease
period

3.2 years*

Rent Escalation

5% annually across all leave & license agreements

* As of March 31, 2025

ESG Certificates

G Corp Tech Park has been certified with ESG certifications, including LEED Platinum (O&M), WELL Health and Safety rating and BEE 5 Star certification.

LEED Platinum

LEED Platinum

Operations and Maintenance

WELL HSR

WELL HSR

Well Health Safety Rating (May’23)

5-Star BEE

5-Star BEE

Bureau of Energy Efficiency

Location

G Corp Tech Park is on Ghodbunder Road, a key road connecting Thane to the eastern suburbs on one side and to the Western suburbs of Mumbai on the other.

G Corp Tech Park will be at a walking distance (~300 meters) from the upcoming Kasarvadavali Station on the upcoming metro line 4, which will provide eastern connectivity within MMR between Wadala and Gaimukh, Thane. Further with the existing Eastern Express Highway, central railway, monorail and the ongoing works on metro lines 2B, 5 and 6. (Source: JLL Report)

Floor Plan

Proposed Titania is proposing to acquire 4,37,973 sq.ft spread across six floors.

Floor Plan

Disclaimer: Please refer to ‘Annexure 3: Technical DD Report’ in the Key Information of the Scheme for further details

Projected Net Distribution Cash Flow

Particulars FY26 FY27 FY28 FY29
Net distributions to Investors (₹ Mn) 425.71 425.32 427.01 412.32
Projected Yield (%) 9.0% 9.0% 9.0% 8.7%
Post-Tax Projected Yield 7.0% 7.1% 7.4% 7.3%

Assumed that the investor has not opted for taxation under Section 115BAC of the Income-tax Act, 1961.

The NDCF for PropShare Titania Scheme has been presented for the asset proposed to be owned by the PropShare Titania scheme as per offer document and statutory audit report. Please refer to ‘Annexure 1: Projections’ in the Key Information of the Scheme for further details. The above are projected yields(%), and the investment manager does not provide any assurance or guarantee of any distributions to the Unitholders.

Investors opting to be taxed under the new income tax regime introduced under Section 115BAC of the Income-tax Act, 1961, may benefit from a reduced surcharge rate structure.


Minimum Bid Size 1 Unit (₹1 Million)
FY26 Projected Yield* 9.0%
FY27 Projected Yield* 9.0%
FY28 Projected Yield* 9.0%
FY29 Projected Yield* 8.7%

* The Yield has been calculated as a ratio between the Net Distributable Cash Flows and the Issue Size. The above are projected yields(%), and the investment manager does not provide any assurance or guarantee of any distributions to the Unitholders