Property Share Investment Trust has filed draft IPO papers for its third SM REIT scheme, PropShare Celestia, aiming to raise up to Rs 244.65 crore. The issue consists solely of new units, with no offer for sale. The underlying asset, Project Celestia in Ahmedabad, is a fully occupied Grade A office property spanning over 200,000 sq ft, featuring four primary tenants including managed-office operators and a Swedish telecommunications multinational. Investors are offered access to this asset with a projected yield of 8.4% for FY27.