Strata plans to expand across key markets of Mumbai, Delhi, Pune

Tech-enabled real estate investment platform Strata on March 31 announced that it aims to raise assets worth Rs. 600 crore by the upcoming quarter – June 2021.

A press release by the company said it aims to expand its footprints across 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, it said further. Both assets received 100 per cent funding within two t0 five days of listing, added the release.

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 channelise 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.”