Strata Launches Fractional Ownership Office Asset in Pune, to Raise Rs 78 Cr 

Bengaluru, January 24, 2024: Strata, on Wednesday announced the launch of its commercial asset, Grade-A office property in Pune for fractional ownership. The new offering is leased out to India’s largest flex working space for which Strata aims to raise a total of Rs. 78 crore. 

This asset is located in Pune, with an approx. area of 53000 sq. ft and comes with 5 years of lock-in and lease.  The asset is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%, mentions a press release issue by the company.  In the first 48 hours of the launch, over Rs. 38 crore have been raised.

The property is located at IT neighbourhood Viman Nagar.

Commenting on the launch, Sudarshan Lodha, Co-founder & CEO, Strata said, “We are thrilled to come up with our latest asset in one of the most strategically located commercial areas. This asset is a perfect combination of strategic location, high-quality property and industry-leading tenant making it an optimum investment opportunity for investors looking to invest in this ambitious city.”

“We are delighted that with continuous efforts and the unwavering trust of our investors, we have been able to cross 1300+ crore of AUM. I would like to take this opportunity to thank my team and investors for their constant support,” he added.

Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield and PropStack.