Ahmedabad: In a significant milestone for Ahmedabad’s commercial real estate landscape, Venus Group has successfully completed the transaction of 2,07,838 sq. ft. of premium office space at Stratum at Venus Grounds to a Real Estate Investment Trust (REIT). This marks one of the first instances of developer-led office assets from Ahmedabad being institutionalised under a REIT framework.
The office inventory, strategically spread across multiple floors at Stratum in Nehrunagar, has been leased and monetised through PropShare Celestia, India’s first Small and Medium (SM) REIT platform. The transaction highlights strong investor confidence in high-quality, income-generating commercial assets emerging from non-metro markets.The asset is fully leased to a diversified mix of reputed tenants, including multinational corporations and Fortune 500 companies, reinforcing its stable income profile and long-term investment potential.
The third SM REIT scheme by PropShare Celestia, with an issue size of ₹244.65 crore, witnessed robust participation. Open for subscription between April 10 and April 16, the issue was oversubscribed 1.33 times, signaling a growing appetite among investors for institutional-grade commercial assets beyond traditional metro hubs.
Stratum at Venus Grounds stands as a benchmark Grade-A commercial development and an IGBC Platinum-rated green building. Spread across one of the largest land parcels in its micro-market, the project offers approximately 1 million sq. ft. of built-up area, featuring large and efficient floor plates designed for modern business needs. A key highlight is its 16,000 sq. ft. “Activatrium”, a dynamic space aimed at fostering collaboration, engagement, and a vibrant corporate ecosystem.
Commenting on the development, Rajesh Vaswani, Managing Director, Venus Group, said: “We are proud to see global capital being brought into Ahmedabad through PropShare Celestia. This marks a defining moment in the evolution of the city’s commercial real estate landscape. We remain committed to driving greater participation and enabling larger, high-value transactions, as Ahmedabad continues to establish itself as a credible destination for premium occupiers and long-term investment.”
With this REIT listing under the SM REIT framework, Ahmedabad further strengthens its position in the institutional real estate ecosystem, aligning with global investment practices where premium commercial assets are structured for broader investor participation and liquidity.