Property Share Investment Trust-Propshare Celestia

PropShare Celestia has been setup on December 12, 2025 as the third scheme of Property Share Investment Trust settled in the Republic of India as an irrevocable trust on June 27, 2024, at Bangalore, Karnataka, India under the provisions of Indian Trusts Act, 1882 and registered as a small and medium real estate investment trust on August 5, 2024, under Regulation 26L (1) of the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2014. PropShare Celestia is the third scheme 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. Its third scheme i.e., PropShare Celestia represents the Scheme's offering across seven floors of Stratum @ Venus Grounds, a Grade A+ mixed-use commercial building with a unique atrium located in prime Nehru Nagar, Ahmedabad. Project Celestia has a Super Built-Up Area of 2,07,838 sq. ft and is 100% occupied by four tenants, including three managed-office operators - Smartworks Coworking Spaces Limited, EFC Limited (both publicly listed) and Paragraph Khajanchi Business Centre LLP (one of the top five co-working operators in Ahmedabad in terms of no. of operational seats) and a Swedish based listed telecom MNC. Lessees as managed office providers and co-working space operators have established managed office facilities at the Project Celestia for a diversified base of 10 occupiers, comprising three Fortune Global 500 companies, including a Global Consulting company, a Global Technology company and a Global Chemical company, and one Fortune 500 company which is a US-based multinational FMCG company. Other notable end users include Tech Mahindra, US-based leading professional services firm, an Indian private sector bank, an Indian B2B e-commerce platform, Risk management and financial analytics solutions provider and Data analytics and business intelligence firm. Stratum @ Venus Grounds is an IGBC Platinum-certified development, including a 130kW solar panels, rainwater harvesting systems, and EV charging infrastructure. As one of only two Grade A+ developments in Ahmedabad SBD submarket, the asset features a triple-height lobby, destination-controlled elevators, a dedicated office drop-off area along with 5 levels of basement parking. Owing to its superior building quality and design (Grade A+), Project Celestia commands some of the highest rentals in Ahmedabad's office real estate market, making it an attractive investment opportunity. The Trust is planning initial public offer of Celestia Units by raising Rs 244.65 Crore through fresh issue.