Property Share Introduces Alt Platform; Announces Sponsorship of World Chess Champion Gukesh D

Business Wire India

Property Share, the platform that pioneered fractional ownership of commercial real estate in India, introduces Alt (https://www.altinvest.ai/) – a new holding company, expanding access to a wide array of alternative investments to individual investors. Property Share has become a wholly owned subsidiary of Alt and will continue the usage of Property Share brand exclusively for its SM REIT business.
 
Since its founding in 2015, Property Share has transformed the landscape of private real estate investment in India. With over Rs. 1,700 crores invested in pre-leased commercial properties and Rs. 250 crores returned to investors, the platform created a groundbreaking new asset class which in 2024 became a regulated product under the auspices of SEBI as a Small & Medium REIT.
 
PropShare continued to break new ground by becoming the first platform to receive the SM REIT license and the first to list PropShare Platina, India's first SM REIT scheme in Dec 2024. 
 
Alt: Broadening Horizons
 
Building on the success of its private real estate platform, the launch of the Alt platform marks the beginning of a new chapter. Alt provides investors access to multiple alternative asset classes, including:
 

• High yield securitised real estate backed by pre-leased Grade A office assets in India
• Private real estate investments in Class A warehouses in the UK 
• Publicly listed real estate including REITs in the US, Canada, UK, and EU, alongside Indian REITs, InvITs, and SM REITs
• AltCap Yield Fund, a Category II AIF targeting office and warehouse assets in India, where the first investment has already been completed in a Grade A+ warehouse leased to a Fortune 500 MNC

 
“We created Alt to fulfil our vision of providing a platform for global alternative assets,” said Kunal Moktan, Co-Founder and CEO of Alt. “Alternatives now account for c.15% of global assets and are a vital part of sophisticated investment portfolios. Alt enables individual investors to harness the benefits of these assets for higher returns.”

Hashim Khan, Co-Founder and CTO of Alt, added, “Our goal has always been to simplify access to institutional-quality investments for individual investors. Alt takes this mission further by offering a diverse range of global alternative products, making sophisticated asset classes more accessible than ever before.”

Alt and Gukesh - a winning partnership

Alt is proud to announce Gukesh D, the youngest World Chess Champion as its brand ambassador. Gukesh’s meteoric rise to the top mirrors Alt’s own ethos of strategic thinking and bold, precise decision-making.

"When we saw Gukesh play in The Candidates tournament in 2024, we saw talent and hard work coming together in the making of a potential world champion," said Khan. "We decided to back him as one of his first sponsors which paid off spectacularly when in Dec'24 this young prodigy became the youngest World Chess Champion."
 
“Investing and chess share remarkable similarities,” said Moktan. “We are incredibly proud to count Gukesh as the brand ambassador of Alt and look forward to working with him.”

About Property Share
 
Established in 2016 by IIM Ahmedabad batchmates Kunal Moktan and Hashim Khan, Property Share pioneered India’s first tech-enabled commercial real estate investment platform (later called Fractional Ownership Platforms) that gave investors access to rent yielding commercial real estate assets. Over the years, Property Share became one of the largest such platforms with approximately 300,000 users and raised institutional capital from marquee investors like WestBridge Capital, Lightspeed Ventures, Pravega Ventures and BEENEXT.
 
In Aug’24, Property Share became the first firm to receive the SM REIT license under the name of Property Share Investment Trust (PSIT) after SEBI notified the SM REIT regulations in March’24. Subsequently, Property Share became the Investment manager to PSIT.
 
Prior to co-founding Property Share, as one of the founding members of Blackstone Real Estate Fund in India, Kunal helped invest and manage c.$1 billion of equity into Indian real estate. Hashim headed tech in a multi-billion-dollar middle eastern conglomerate and comes with >17 years of experience in managing and implementing complex technologies and processes. He holds a B. Tech from the Indian Institute of Technology (Kanpur).
 
Along with Kunal and Hashim, Property Share’s board consists of Benjamin Oliver Speat Cassey – who comes with extensive UK real estate experience; Jagdish Chandra Sharma – who has over twenty years of experience in real estate, including nine as vice chairman and managing director at Sobha Limited; Rachna Dikshit – a seasoned banking professional with senior roles at the Reserve Bank of India; and Ramakrishnan Seshan – an IIM-Calcutta alumnus with over twenty years of experience in retail banking, including over eleven years as head of wealth and private banking at HSBC India.
 
About Alt
 
Alt is the holding company for a group of companies that collectively offer access to a wide variety of alternative investment products at lower investment thresholds.
 
It has strong directors, marquee investors and established advisors including CB Bhave – Former Chairman of SEBI and NSDL, Vikaash Khdloya – Former CEO of Embassy REIT, ex MD at The Blackstone Group, Dirk Van Quaquebeke – Managing Partner at BEENEXT, a Singapore based venture fund, Deepak Ramineedi – Partner at Westbridge Capital, Felix Kuna – Managing Director at K3 Capital, a German family office and Rohit Jain – Managing Partner, Pravega Ventures.