Property Share Investment Trust - Propshare Platina REIT Company History and Annual Growth Details

The Property Share Investment Trust was settled on June 27, 2024, at Bangalore, Karnataka, India as a contributory, determinate and  irrevocable  trust  under  the  provisions  of  the  Indian  Trusts  Act,  1882,  pursuant  to  a  trust  deed  dated  June  27,  2024as amended on July 19, 2024. The Property Share Investment Trust was registered with SEBI on August 5, 2024 as a small and medium  real  estate  investment  trust  under  Regulation  26L (1)  of  the  REIT  Regulations having  registration  number  IN/SM-REIT/24-25/0001. The Property Share Investment Trust has been settled by the Investment Manager for an aggregate initial sum of ?0.02million.Also, the first scheme of the Trust i.e.PropShare Platina has been settled by the Investment Manager.

The Property Share Investment Trust (“REIT”) is India’s first registered Small and Medium Real Estate Investment Trust. The object and purpose of the REIT is to carry on the activity of a small and medium real estate investment trust through one or more Schemes, as permitted under the REIT Regulations. Each Scheme may have its own investment objectives, in accordance with  the  REIT  Regulations.  The  investment  of  the  Schemes  shall  only  be  in  completed  and  revenue  generating  real  estate properties through SPVs.