Propshare Targets Rs 1000 Crore in Warehousing Assets as Indian Warehousing Sector Expands

PropShare, a leading tech platform for commercial real estate in India, is set to broaden its footprint with an Asset Under Management (AUM) goal exceeding Rs 1,000 crore in warehousing assets. The firm plans to secure properties in major urban and developing cities, including Mumbai, Bangalore, Pune, and Lucknow, reflecting the warehousing market's current upsurge reminiscent of the early 2000s office space boom.

Strategic Growth and Investment

Kunal Moktan, co-founder and CEO of Property Share, anticipates building a portfolio with an average of 500,000 square feet of top-quality warehousing assets within 18-24 months, expanding over the next three to four years, including in Tier 2 cities. The company already possesses significant warehousing assets in the UK and is now focusing on the Indian market, starting with a high-yield warehouse in Jaipur leased to major e-commerce giant Flipkart.

Warehousing: A Lucrative Market in India

The warehousing sector is expected to see substantial growth in rental and capital values, fueled by international giants like Amazon and Walmart, with Flipkart leading the charge. This surge in demand and quality has attracted over $10 billion in institutional investments in the past six to seven years.

Investment Philosophy and Future Outlook

For real estate investors, owning high-quality warehouses in strategic locations offers a valuable opportunity. Property Share views this as a strategic move to capitalize on India's warehousing and infrastructure expansion. The platform aims to continue incorporating similar assets into its portfolio, leveraging its strong foundation in tech and substantial investment experience.

About Propshare

Established in 2016, Propshare is India's premier and most extensive tech-driven real estate investment platform, providing direct access to institutional-grade commercial real estate. With a founding team experienced in institutional investment and technology, Propshare is backed by notable investors, setting a precedent in the real estate investment landscape.