Stratum at Venus Grounds: Ahmedabad's Office Assets Make a Splash in REIT Market
Ahmedabad, 28th April: In a significant milestone for the commercial real estate landscape, Venus Group has completed a transaction of 207,838 sq. ft. of premium office space at Stratum at Venus Grounds in Ahmedabad, to a Real Estate Investment Trust (REIT). This marks one of the first instances of developer-led office assets from Ahmedabad being institutionalized under a REIT framework. The identified office inventory, strategically spread across multiple floors at Stratum, Nehrunagar, Ahmedabad, has been leased and monetized through PropShare Celestia, India’s first SM REIT platform. This reflects strong investor confidence in high-quality, income-generating commercial assets from emerging markets.
The asset is fully leased to a diversified and reputed tenant mix, including multinational corporations and Fortune 500 companies, reinforcing its strong positioning and long-term value potential. This tenant mix not only ensures a steady stream of revenue but also enhances the credibility and attractiveness of the property.
The third SM REIT scheme by PropShare Celestia opened with an issue size of ₹244.65 crore and witnessed robust investor participation. Open for subscription from April 10 to April 16, the issue was oversubscribed 1.33 times, reflecting a growing appetite for institutional-grade commercial assets beyond metro cities. This strong investor response underscores the confidence in Ahmedabad’s commercial real estate market and its potential for high returns.
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 the micro-market, the project offers approximately 1 million sq. ft. of built-up area with large, efficient floor plates tailored for modern business requirements. A key highlight is its 16,000 sq. ft. Activatrium, designed to foster collaboration, engagement, and a vibrant corporate ecosystem. This feature sets Stratum apart, making it a preferred choice for high-profile tenants.
Commenting on this achievement, Rajesh Vaswani, Managing Director, Venus Group, stated, “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 the REIT listed as SM REIT, this development further strengthens Ahmedabad’s positioning in the institutional real estate space, aligning it with global investment practices where premium commercial assets are structured for broader investor participation. This move is expected to attract more institutional investors and multinational corporations to the city, thus boosting its economic growth and development.
Venus Group, a leading real estate developer in Ahmedabad, has a strong portfolio of residential and commercial projects. The company is known for its commitment to sustainability and innovation, as evidenced by the IGBC Platinum rating of Stratum at Venus Grounds. For more information, contact Venus Group at +91-7452074520 or email [email protected].
