The Property Share Investment Trust was settled on June 27, 2024, at Bangalore, Karnataka, India as contributory, determinateand irrevocable trust under the provisions of the Trust Actpursuant to a trust deed dated June 27, 2024, amended on July 19, 2024 and February 21, 2025. 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 corpusof ?0.02 million. The second scheme of the Trust i.e. PropShare Titania has also been settled by the Investment Manager.
PropShare Investment Manager Private Limited has been appointed as the Investment Manager to the Property Share Investment Trust. The Investment Manager has been constituted in accordance with the REIT Regulations. Axis Trustee Services Limited has been appointed as the Trustee to the Property Share Investment Trust.
Pursuant to the PropShare Titania, the Project Titania are proposed to be held through the Titania SPV, in accordance with the REIT Regulations.
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