Property Share Investment Trust IPO

Grade A, LEED Gold asset built by one of Indias leading developers, The Prestige Group.

Located on the Outer Ring Road, Bangalores largest office market.

100% proposed lease to a US-based technology company.

Stable cash flows from a long 9-year lease and a 3-7 year staggered lock-in period under the proposed lease.

Inflation linked cash flows with contracted escalations every 3 years under the proposed lease.

Its revenues, results of operations, cash flowsand financial condition may be adversely affectedby low occupancy and rent levels of its commercialoffice spaces.

Any future proposals to upgrade existing projectsin its SPVs may be exposed to a number of risksand uncertainties which may adversely affect thecompanys business, financial condition, resultsof operations and cash flows.

Tenant leases across its SPVs are subject tocertain risk of default, non-renewal, earlytermination, adequate stamp duty payment,regulatory or legal proceedings or changes inapplicable laws or regulations, thereby impacting leasing and other income.

The company may be subject to risks inherent inacquiring ownership interests in properties whichare part of a larger development or which share orhave common areas.

If the Indian real estate market weakens, itsbusiness, financial condition, results ofoperations and cash flows may be adverselyaffected.

The valuation reports obtained for its SPVsarebased on various assumptions and may not beindicative of the true value of the companysassets.

The company may be required to record significantcharges to earnings in the future when its reviewthe companys SPVs for potential impairment.

The title and development rights or otherinterests over land where assets are located,and/or rights and interests in our SPVs may besubject to legal uncertainties and defects, whichmay interfere with its ownership of the SPVs andresult in the company incurring costs to remedyand cure such defects.

The company may faces certain risks relating toits reliance on third party operators in operatingand managing the company assets and on contractorsand third parties in upgradation of its projectsthat may adversely affect the company reputation,business, financial condition, results of operations and cash flows.

The company may not be able to achieveprofitability and its can provide no assurance ofthe companys future operating results.