Propshare Titania SM REIT

Propshare Titania SM REIT is the second scheme of Property Share Investment Trust, India's first SEBI-registered small and medium real estate investment trust. The scheme owns office premises across six floors of G Corp Tech Park, a Grade A+ commercial building on Ghodbunder Road in Thane, in the Mumbai Metropolitan Region, with a leasable area of around 4.38 lakh square feet, located close to an upcoming metro station on the Wadala-Gaimukh line. The property is LEED Platinum, WELL Health and Safety, and BEE 5-Star certified, and as of March 2025 was fully leased to a mix of large corporates, including Aditya Birla Capital and its subsidiaries, Concentrix, a Fortune 500 healthcare company, and a large Japanese technology conglomerate. Tenants have occupied the building for over nine years, and the leases carry a roughly 5 percent annual rental escalation. The trust is overseen by PropShare Investment Manager Private Limited as investment manager and Axis Trustee Services Limited as trustee. This issue raised capital primarily to acquire the special purpose vehicle that holds the property and to refinance existing debenture obligations tied to it, giving unit holders direct exposure to the rental income from this single commercial asset.