For decades, real estate investment in India remained exclusively reserved for the wealthy few. High capital requirements, complex legal procedures, and the challenges of property management made it inaccessible to most individual investors. Recognizing this gap, Property Share introduced a solution that has democratized real estate investment in India.
Founded by IIM Ahmedabad batchmates Kunal Moktan and Hashim Khan in 2015, Property Share, through its tech platform, introduced the concept of fractional ownership, enabling investors to collectively own high-value commercial properties at accessible thresholds. This approach democratized real estate investments by allowing individuals to participate in institutional-grade assets, earn rental income, and benefit from capital appreciation—all without the burdens of full ownership and management.
Over the years, Property Share became one of India라이브 바카라 largest tech platforms for commercial real estate investments and raised institutional capital from marquee investors like WestBridge Capital, Lightspeed Ventures, Pravega Ventures and BEENEXT. By 2024, it had invested ₹1,700 crores in pre-leased commercial properties and returned ₹250 crores to investors.
As the platform grew, so did the competition. New entrants began to offer a similar model, thereby expediting the creation of a new industry for fractional ownership of CRE. It soon attracted the attention of the securities market regular, SEBI who notified the Small and Medium REIT regulations in March 2024, effectively bringing all fractional ownership platforms under a single regulated structure. Post the SM REIT regulation notification, all FOP platforms were given 6 months to apply for the SM REIT license. “We were very happy to see the new SM REIT regulations – it gave us clarity on the way forward while at the same time ensuring the industry was on a level playing field in terms of reporting, compliance and marketing. With the SM REIT regulations, SEBI ensured that platforms adhered to strict guidelines on reporting, incentives and related party transactions while opening the door to a much larger audience”, says Kunal.
In Aug’24, 2024 Property Share became the to receive the new SM REIT license from SEBI under the name of Property Share Investment Trust (PSIT), and in Dec’24, listed India라이브 바카라 1st SM REIT scheme – PropShare Platina on the Bombay Stock Exchange (BSE), paving the way for the next wave of growth for the platform.
“This was a very proud and significant milestone for Property Share that set the foundations for this regulation more than 9 years ago from our 1st tiny office in Koramangala”, Hashim reflected.
SM REITs: A new way to invest in real estate
SM REITs represent a new category of real estate investment trusts in India, designed to facilitate wider participation in the sub Rs. 500 crores real estate market which has been estimated at $60 billion by global real estate services & investment firm, CBRE. These investment vehicles enable retail investors to pool funds and invest in income-generating assets while benefiting from stock market liquidity and regulatory oversight. Unlike traditional REITs, which aggregate a diversified portfolio of properties, SM REITs allow investors to select specific asset-backed schemes, providing greater control and transparency.
Listed on stock exchanges, SM REITs offer investors the flexibility to exit their investments at their preferred timing and price. Managed by experienced professionals, they ensure optimal asset performance, compliance to SEBI guidelines, and enhanced investor confidence. By offering an alternative to direct property ownership, SM REITs present a structured and accessible investment opportunity akin to equities and mutual funds.
Building on the success of its 1st SM REIT scheme - PropShare Platina, Property Share aims to launch many more SM REIT schemes on a regular basis, further expanding investment opportunities in India라이브 바카라 office assets. With evolving regulatory frameworks and increasing investor awareness, SM REITs have the potential to become a mainstream asset class, comparable to equities and mutual funds.
Alt: Broadening Horizons
The company recently announced its new initiative, , expanding access from private real estate to a wider array of alternative investments to individual investors. Alt provides investors access to multiple alternative asset classes, including high yield securitised real estate backed by pre-leased Grade A office assets in India, private real estate investments in Class A warehouses in the UK, publicly listed real estate including REITs in the US, Canada, UK, and EU, alongside Indian REITs, InvITs, and SM REITs and a Category II AIF targeting office and warehouse assets in India, where the first investment has been completed in a Grade A+ warehouse leased to a Fortune 500 MNC.
“We’ve created Alt to fulfil our vision of providing a platform for global alternative assets,” said Kunal Moktan, Co-founder and CEO of Alt. “Alternatives now account for c.15% of global assets and are a vital part of sophisticated investment portfolios. Alt enables individual investors to harness the benefits of these assets for higher returns.” Hashim Khan, Co-founder and CTO of Alt, added, “Our goal has always been to simplify access to institutional-quality investments for individual investors. Alt takes this mission further by offering a diverse range of global alternative products, making sophisticated asset classes more accessible than ever before.”
