Bengaluru : 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.
