Alt announces Successful Exit from GCorp Tech Park Investment, Delivers 103% Pre-Tax IRR

Alt, a tech-enabled alternative investment platform, has announced the successful exit of its investment in GCorp Tech Park, a Grade-A+ commercial office asset in Thane, Mumbai delivering a pre-tax IRR of 103% and a 1.50x Multiple on Invested Capital (MoIC) within nine months. 

The investment comprised 170,000 square feet spread across three floors of the asset and was sold to a family office and real estate fund, underscoring continued investor appetite for institutional-grade commercial assets.

Alt deployed a total equity investment of INR 69.21 crore in July 2025 and completed the full exit by April 2026, generating a realized value of INR 104.03 crore and a gross pre-tax profit of INR 34.82 crore.

Key Investment Highlights

• Asset Name: GCorp Tech Park, Thane, Mumbai
• Asset Class: Grade-A+ commercial office
• Total Realized Value: INR 104.03 Crore
• Pre-Tax IRR: 103%
• Capital Multiple: 1.50x MoIC
• Pre-Tax Profit: INR 34.82 Crore

Commenting on the transaction, Mr. Kunal Moktan, CEO and Co-founder, Alt, said “At Alt, we believe in investing with conviction whenever we see opportunistic plays in the market. The G-Corp investment was a satisfying outcome of one such play on the arbitrage between institutional and HNI cap rates on prime commercial real estate. What separates Alt from other investment managers is our team’s ability to identify opportunity in uncertainty and back it with conviction and capital.”

Hashim Khan, Co-founder, Property Share said, ‘‘The G-Corp investment reflects the disciplined investment framework we apply across our platform. Our thesis was anchored in acquiring exposure to a high-quality, institutional-grade asset at an attractive entry point, while maintaining a strong margin of safety. As market conditions evolved and institutional demand strengthened, we were able to execute a timely exit and crystallize value for investors.’’

The successful exit further reinforces Alt’s investment strategy of targeting high-potential commercial assets with strong fundamentals, institutional relevance, and long-term value creation potential.

About GCorp Tech Park & The SM REIT Investment in the Building: 

GCorp Tech Park is a marque Grade-A+ commercial development strategically located on Ghodbunder Road, Thane next to the upcoming metro. The asset is recognized for its sustainability and operational excellence, holding LEED Platinum (O&M), WELL Health-Safety, and BEE 5-Star certifications. It houses a diversified tenant base of blue-chip multinationals and Fortune 500 companies, including Aditya Birla Group entities and Concentrix.

The building has recently become a focal point for institutional investment. Notably, Property Share, India’s first SEBI-registered Small and Medium REIT (SMREIT), recently closed its second scheme, PropShare Titania, purchasing 4.4 lakh sq. ft. of leasable area within the same GCorp Tech Park development. Alt’s successful exit alongside such high-profile institutional activity underscores the asset's prime quality and the maturity of the Thane commercial micro-market.

About Alt:

Alt is a Series-B funded tech-enabled investment manager backed by investors like Westbridge Capital, Lightspeed, Beenext and Pravega Ventures. 

Alt founded the fractional investment platform model in India in 2015 through Property Share, India’s first and largest fractional ownership platform, by allowing users direct access to institutional grade office assets. When the sector was regulated in Mar'24, Property Share became the FIRST platform to receive the Small and Medium REIT license from SEBI paving the way for a fully regulated and revolutionary new asset class it had pioneered. On 10th Dec, 2024, Property Share created history by listing PropShare Platina, India's 1st SM REIT on the Bombay Stock Exchange.  Since then, Property Share has listed two other schemes in Mumbai and Ahmedabad reaching an AUM of c. Rs. 1,000 crores within 18 months.

Alt has offices in Mumbai, Bangalore, Hyderabad and London and provides investors access to a diverse range of alternatives including private credit, private real estate in India and UK, public real estate in the US, Canada, UK and India through listed REITs, Cat II AIFs, Portfolio Management Services and an LRS fund out of GIFT City. With 350,000+ users and more than $300 million in assets under management, Alt is using technology in providing ground breaking access to alternative assets to individual investors.