Strata launches Grade-A office asset in Pune

New Delhi, 20^th July 2022: Tech-enabled commercial real estate (CRE) investment platform, Strata, on Wednesday said that it has forayed into Pune market with the launch of a Grade-A office asset at Hinjewadi. A press release issued by the company says that, leased out to a leading manufacturer, the asset is worth approximately Rs. 35 crore and is expected to offer an average rental yield of 10%.

The newly launched office asset which spans across an area of over 50,000 sq. ft. has been pre-leased for a period of 6 years with a lock-in period of 9 years. Additionally, the asset is expected to generate a net investor annual internal rate of return (IRR) of 13.10%, thus creating a rewarding and stable asset opportunity offering inflation beating returns while generating passive income in the long-term. 

Commenting on the launch, Sudarshan Lodha, Co-founder & CEO, Strata Property Management, said, “We are delighted that after funding 15 premium assets across the country, we are now strengthening our presence in the magnificent state of Maharashtra with the launch of our 16^th asset in the state’s cultural pride – Pune. With a premium tenant, location as prominent as Hinjewadi and Strata’s expertise in managing Grade-A commercial spaces, our latest offering is a highly lucrative investment opportunity that will help investors participate in the phenomenal growth story of Pune.”