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October 12, 2026
The Corporate Relations Department
Department of Corporate Services,
BSE Limited,
25th Floor, Phiroze Jeejeebhoy Towers,
Dalal Street, Mumbai – 400001
Reference: Script Symbol “PSPlatina”; Scrip Code- 544295;
Subject: Submission of Summary Valuation Report of PropShare Platina, first scheme of the
Property Share Investment Trust for the half year ended September 30, 2026;
Dear Sir / Madam,
Pursuant to Regulation 10(22) along with Regulation 26ZJ(6) of the Securities and Exchange Board of
India (Real Estate Investment Trusts) Regulations, 2014 as amended from time to time, please find
enclosed the Summary Valuation Report of PropShare Platina, first scheme of the Property Share
Investment Trust for the half year ended on September 30, 2026 attached herewith as Annexure 1.
The Summary Valuation Report referred to above has also been uploaded on our website at
https://www.psreit.in/.
You are requested to take the same on record.
Thanking you,
For and on behalf of PropShare Platina, first scheme of Property Share Investment Trust, acting
through its Investment Manager,
PropShare Investment Manager Private Limited
Prashant Kataria
Compliance Officer
Encl: As above
Acting through its Investment Manager- PropShare Investment Manager Private Limited
Reg Off: 10th Floor, SKAV Seethalakshmi, 21/22, Kasturba Road Bengaluru 560001;
CIN: U66309KA2024PTC186944; Email ID: smreit.manager@psreit.in;
Phone No: 080-31003901 Website: https://www.psreit.in/
Valuation Report | Prestige Tech Platina, Bengaluru
Valuation Report
Leasable Space in 6 (six)
floors in Building 2, Prestige
Tech Platina
Karnataka, India
Submitted To:
PropShare Platina SM REIT
Date of Valuation:
30-September-2026
Date of Report:
12 October 2026
Prepared By:
KZEN VALTECH PRIVATE LIMITED
IBBI/RV-E/05/2022/164
KZEN VALTECH PRIVATE LIMITED -1 -
Valuation Report | Prestige Tech Platina, Bengaluru
EXECUTIVE SUMMARY
Subject Prestige Tech Platina, Bengaluru, Karnataka, India.
Project
Name
Subject Floors Ground to Fifth (both floors included), Building 2, Prestige Tech Platina, Property No. 380/201,
Property Kadubisanahalli Village, Bengaluru, Karnataka, India 560103
Address
Land Area Proportionate undivided share, right, title and interest of 73,523 (Seventy Three Thousand Five Hundred
and Twenty Three) square feet (~6,830.51 (six thousand eight hundred thirty point five one) square meters)
in the Subject Project land together with 355 (three hundred and fifty five) exclusive car parking spaces
(inclusive of stack parking) i.e., 193 (One Hundred and Ninety Three) car parking spaces in the lower
basement, 150 (One Hundred and Fifty) car parking spaces in the upper basement, and 12 (Twelve) surface-
level car parking spaces along with rights to enjoy other utilities including cricket pitch, basketball court,
amphitheatre with common services and facilities, all rights of easements, latent or patent, enjoyed or
reputed to be enjoyed in connection with the Schedule Property including right to use the internal roads of
Prestige Tech Platina and 24/7 Tech Hotel (developed on lands adjacent to the Prestige Tech Platina).
Subject Project and Subject Property are located in Zone 1 of the Outer Ring Road (ORR) in the southeast
Brief
quadrant of Bengaluru, which is one of the fast-developing IT corridors of the city with high concentration of
Description
IT Park, Campus type & SEZ developments. It is situated along Outer Ring Road, 1.5 km the Marathahalli
Junction and at a distance of approx. 4.5 km from the Sarjapura - Outer Ring Road Junction.
Subject Project and Subject Property are Grade A commercial/office developments that are currently
operational. Subject Property offers a total leasable area of approximately 246,935 sq. ft. covering Ground
+ 5 Upper Floors building (out of G+12 upper floors that constitute the Subject Tower).
Subject Project has good frontage along the access road with one (1) main entrance, separate exit and
separate secured gates for the buildings within. Subject Project is predominantly surrounded by commercial
office spaces followed by residential and industrial developments.
Subject Leasable area details of the Subject Property as shared by the Client is given below:
Property
Sl. No. Subject Project Name Leasable Area (sq.ft.) of Subject
Details
Property
1. Prestige Tech Platina 246,935
Total Leasable Area 246,935
Based on the site inspection, it is found that the Subject Tower and Subject Property are completed and
operational. There are no under-construction components within the Subject Property, Subject Tower, and
Subject Project.
KZEN VALTECH PRIVATE LIMITED - 2 -
Valuation Report | Prestige Tech Platina, Bengaluru
Location
Key The table below summarizes key valuation assumptions used in the estimate.
Assumptions
Particulars Description
Subject Property Specific Information
Nature of Property Commercial / Office
Current Status Completed and Operational
Total Leasable Area 246,935 sq.ft.
Age of Towers in the Sl. Subject Age of the Usage Status Subject
Subject Project No. Project Subject Type Property
Name Project Leasable
Area (sq.
ft.)
1. Prestige ~ 10.6 Non- Completed in 246,935
Tech years SEZ 2015 as per
Platina Technical
Due Diligence
Report
provided by
Client
In addition to the above, the undivided rights, title and interest in the following
components are also part of the Subject Property.
▪ Total utility areas and internal roads.
▪ Total open spaces.
▪ Other areas, such as open amphitheatre, basketball court, cricket
pitch, among others.
KZEN VALTECH PRIVATE LIMITED - 3 -
Valuation Report | Prestige Tech Platina, Bengaluru
Revenue Assumptions
In-Place Rent INR 103.17 per sq.ft. per month
Market / Marginal INR 103.00 per sq. ft. per Month for Year 1
Rent
Financial Assumptions
Exit Cap Rate 8.00%
Discount Rate / 11.75%
WACC
Opinion on With all assumptions as mentioned in this report, Valuer is of the opinion that the Market Value of the Subject
Market Value Asset, which are all cash flows due to the Client, from Subject Property comprising total leasable area of
as on 30th 246,935 sq.ft., which is part of Prestige Tech Platina, located along Outer Ring Road, Kadubeesanahalli
September Village, Bengaluru, Karnataka, India 560103, as on 30 September 2026 is estimated to be approx.
2026 INR3,885,550,000/- (Indian Rupees Three Billion Eight Hundred Eighty-Five Million Five Hundred Fifty
Thousand)
Note: Opinion on market value presented in this report is under the following facts and Special and Significant
Assumptions:
a) Client has confirmed that proposed SPVs in the previous valuation of this Subject Asset have successfully
concluded and registered sale deeds for each of their individual respective floors along with fresh lease
deeds with the current occupants (which were the earlier owners of the Subject Property)
b) Client has further confirmed that these sale deeds and lease deeds have been executed on the exact terms
and conditions that were envisaged in the earlier LOI
c) Client, in addition, confirms that the provisions of the earlier LO also stand currently valid, and that complete
ownership, rights, and interests in the Subject Property have fully devolved, with no limitation nor any
encumbrance and no dilution of any manner, to the respective SPVs.
d) Client also confirms that these SPVs are now the sole, primary, and exclusive beneficiary of all cash flows
from the Subject Property from the dates indicated in the aforementioned executed and registered sale
deeds.
e) Client has reconfirmed that there are no arrears and/or payments due to any government authority(ies)
and/or banks and/or financial institutions and/or any other creditor(s) who may have the first and/or
subsequent charges on the title, ownership, rights, and interests of the reference-cited Subject Property, it
can be freely transacted without any encumbrances and/or restrictions in the open market, and there are no
onerous aspects pertaining to the legal ownership of SPVs, who are no
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