Eyes to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021
Aims to become ‘Go to Platform’ for Developers / Asset Owners to unlock value
* Assets executed last month — premium office assets worth Rs. 35 and Rs. 46 crore in Mumbai and Hyderabad respectively
* Both assets received 100% funding within just 2-5 days of its listing
* Currently has more than 10k+ investors & 1k+ brokers and channel partners globally
* Current Asset Under Management (AUM) approximately Rs. 270 crore
Mumbai, India 31, March, 2021: In its bid to democratise commercial real estate like never before, Strata today announced that it aims to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021. The company thereby aims to expand its footprint across the key metro markets of Mumbai, besides foraying into Delhi and Pune. Strata has raised approximately Rs. 81 crore for premium commercial assets across Mumbai and Hyderabad in the last one month alone. Both assets received 100% funding within just 2-5 days of its listing.
Real estate is closely linked to the infrastructure sector and is fundamental for its growth, while also creating the right environment for economic growth. In view of the capital-intensive nature of the sector and the limited options available to real-estate developers and owners to raise funds, Strata aims to re-imagine asset acquisition, development and execution in the overall deal-making in CRE. The company pairs high-yield assets and functional expertise with deep tenant knowledge across sectors while partnering with developers and asset owners to unlock the right value for its investors.
Strata, a leading tech-enabled commercial real estate investment company has been on a constant pursuit to offer high yield, low risk assets in premium Commercial Real Estate (CRE), on its platform. Last month alone, the company raised Rs. 34 crore for an E-Zone investment opportunity in Mumbai. A premium office located in Goregaon, the asset received 100% commitment from investors within just 48 hours since its listing. Additionally the company raised Rs. 47 crore for another office asset unit located in the Financial District in Hyderabad. The asset too received 100% commitment from investors within just 4 working days since its listing.
Through its tech backed platform, Strata enables retail investors across the globe to participate in specific commercial properties in a particular location of their choice whilst offering good yields. The company is on an aggressive expansion spree and is now eyeing to list commercial assets worth Rs. 600 crore located in prime locations across the key metros of Mumbai, Delhi & Pune. In the course the company will be eyeing a host of asset classes such as industrial assets, office spaces, warehouses, data centers, among others. The company will also be open to sale & lease back kind of deals. Strata which has established a strong presence across the south India is now aiming to expand its footprint in the north and west eyeing the aforesaid markets.
Within just a year since its inception Strata has created a vast base of 10k+ investors from across the globe. Besides this the company today offers a robust and trusted platform for real-estate developers all across the country to find investors in their assets. Strata has a proprietary listing criterion for listing any property, once the asset complies with the listing criteria it gets listed on Strata’s platform.
Commenting on the development, Mr. Sudarshan Lodha, Co-Founder & CEO, Strata, said, “There is huge appetite in real-estate especially the commercial sector however there is an impending need to channelize it to the right sources. Even as we offer CRE as a liquid product, Strata aims to constructively change the manner in which the demand-supply mechanism in the market operates. By bringing investors and developers/asset owners in sync with each other in a tech-enabled organised environment, Strata offers the best of entry and exit opportunities for all stakeholders.
We at strata are looking to partner with developers and large real-estate groups across Mumbai, Delhi, Pune, Hyderabad, Chennai and Bengaluru to unlock value for our 10k+ investor base globally. We are democratising CRE as an asset class like never before offering one-of-a-kind lucrative investment opportunities to investors. We are looking forward to scale up aggressively in the next few quarters and will be strategically expanding our footprint across the key metro markets.” he further added.
The past listings on Strata’s platform have so far witnessed participation from a diversified set of more than 1000 investors across HNIs’, family offices, top management from fortune 500 companies besides retail and institutional investors among others.
Backed by a transparent and data-driven approach Strata offers all the due-diligence while creating a hassle free investment opportunity for its investors. The company has been on a pursuit to offer the best and one-of-a-kind investment opportunities in the CRE space for the masses. By fractionalizing CRE and offering it on an easy-to-use online platform, Strata aims to democratise CRE, making it accessible for a much larger investor base. Strata is backed by institutional investors like Elevation Capital, Mayfield and PropStack.