PropShare Platina REIT Reports Asset Valuation at Rs 388.56 Crore

Market Value of Prestige Tech Platina (Building 2) rises to Rs 388.56 crore as of September 2026.
The asset maintains 100% occupancy with a weighted average rental of Rs 103.17 per sq. ft.

Reader Takeaway: Steady asset appreciation driven by stable occupancy, though reliance on a single tenant poses concentration risk.

What just happened

PropShare Platina REIT has filed its summary valuation report for the half-year ended September 30, 2026. Independent valuer KZEN Valtech Private Limited assessed the Grade A commercial property, Prestige Tech Platina (Building 2), located on Bengaluru’s Outer Ring Road. The valuation utilized the Discounted Cash Flow (DCF) method, reflecting current market conditions and rental growth projections.

Why this matters

For investors, the report confirms a consistent upward trend in the underlying asset's value. The valuation grew from Rs 359.44 crore in March 2025 to Rs 388.56 crore in September 2026. This appreciation reflects the property’s stable performance, anchored by a 100% occupancy rate and long-term rental income streams from its single tenant, 24/7 Customer Pvt. Ltd.

The backstory

The asset, comprising 246,935 sq. ft. of leasable area, has shown periodic value growth across the last four reporting cycles. The current valuation assumes a 5% annual rent escalation and incorporates management fees payable to the Investment Manager, providing a transparent view of the REIT's internal cost structure.

Risks to watch

The primary risk factor remains the asset's single-tenant concentration. Future rental income is entirely dependent on the lease performance of 24/7 Customer Pvt. Ltd. Additionally, the valuation relies on management-provided data regarding property ownership and lease deeds, as the valuer did not conduct an independent legal audit.

What to track next

Investors should monitor upcoming lease expiry dates and any shifts in the tenant's occupancy plans. Changes in market exit cap rates (currently 8%) and the discount rate (11.75%) in future filings will also be critical indicators of the asset's long-term valuation health.