How Can You Buy India’s Most Expensive Stock ‘PropShare Platina REIT’?

The recently listed PropShare Platina REIT has captured attention in the financial markets, debuting on December 10 as the most expensive traded security on the Bombay Stock Exchange (BSE). Surpassing Elcid Investments, which previously held this distinction, PropShare Platina REIT has set new benchmarks for the investment world.

PropShare Platina REIT began trading at an impressive ₹10.5 lakh per unit and closed its first session at ₹10.45 lakh per unit, solidifying its status as a premium investment option. Despite its current dominance in the REIT space, PropShare Platina REIT remains the most expensive stock in the market. 

On October 29, Elcid’s shares skyrocketed to a valuation of ₹2.36 lakh crore, following a historic price discovery auction conducted by the BSE. The auction aimed to establish fair value for investment holding companies, yielding a staggering 66,92,535% increase from an earlier price of ₹3.53 per share.

Can Investors Buy PropShare Platina REIT?

Yes, retail investors can invest in PropShare Platina REIT through brokerage firms.

However, there’s a catch: the minimum investment threshold for PropShare Platina is set at ₹10 lakh, reflecting its status as an SM REIT, a category designed to cater to more sophisticated investors.

Prime Real Estate Opportunity

PropShare Platina provides investors with a stake in six floors of Prestige Tech Platina, a premium-grade office building located on Bengaluru’s Outer Ring Road, one of the city’s most coveted office markets. The property spans 2,46,935 square feet and is fully leased to the U.S.-based tech giant under a nine-year agreement.

This high-demand property offers investors a projected distribution yield of 9%, positioning it as a lucrative investment opportunity.

Advantages of Investing in REITs

Real Estate Investment Trusts (REITs) offer a unique way for individuals to invest in real estate without directly owning property. They allow investors to benefit from capital appreciation in India’s growing real estate market and earn passive income through regular distributions.

By investing in REITs like PropShare Platina, individuals can gain exposure to high-income projects in commercial real estate and secure long-term financial growth. With Bengaluru’s real estate market continuing to thrive, PropShare Platina offers an exciting opportunity for foxyinvestors.

PropShare Platina REIT’s debut not only marks a milestone in India’s investment landscape but also redefines the possibilities for real estate investment. While its premium price may seem daunting, its potential for steady income and capital growth makes it an attractive option for high-net-worth individuals and sophisticated investors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.