News
Fractional Ownership Platform, Strata Gives Full Exit of an Asset to Investors
New Delhi, February 15, 2024: Strata, India’s largest commercial real estate investment platform, announces the successful sale of its warehouse asset in Jaipur, delivering a return on investment of 13-14% to its investors over a period of two years. With this sale, Strata is one of the first fractional ownership platform (FOP) in the country to offer a full exit to its investors, mentions a press release issued by the company. The asset, spanning 88,000 square feet, represents Strata’s first successful sale with substantial ROI.
Launched in 2021 for investment, the warehouse asset named ‘Jaipur Opportunity’, was acquired at Rs. 20.09 crore and has appreciated by 5.72% CAGR with the final valuation at Rs. 23.25 crore at the time of sale.
Sudarshan Lodha, Co-founder and CEO of Strata, said, “This successful exit not only meets, but surpasses investor expectations, strengthening confidence in Strata and fractional ownership as an alternative investment. We have gained tremendous confidence in Jaipur as a market; moreover, we are planning to launch Rs.100 Cr worth of assets in Jaipur in the upcoming quarter. Our commitment to maintain investor interests through research-driven flexibility underscores our dedication to transparency, innovation, and maximizing returns. This milestone reflects the efficacy of our rigorous, process-driven model and the trust our investors place in us. Successful investments stem from recognizing promising markets, fostering local partnerships, and ethically supporting invested communities.”
With over 1 lakh users and 3,000+ active investors, including approximately 25% NRI participation, Strata is also playing a pivotal role in encouraging foreign investment in the Indian real estate sector. The platform is backed by institutional investors such as Kotak Investment Advisors, Gruhas Proptech, Sabre Investments, Elevation Capital, Mayfield and PropStack.
-
News4 weeks ago
Real Estate Consultancy Firm Jenika Ventures Expands Operations with Bengaluru Office Launch
-
News3 weeks ago
Noida and Greater Noida’s Registered Residential Transactions Grow Double-Digit Gains in June Quarter: Square Yards
-
News4 weeks ago
Urban Square Mall Unveils Foocket Sports Arena, Brings the Biggest Turf in Udaipur
-
News4 weeks ago
Union Cabinet Approves Thane Ring Metro Project, Set to Transform the Region’s Realty Landscape
-
Guest Column3 weeks ago
Indian Entrepreneurs Transforming Dubai’s Business Landscape
-
News3 weeks ago
U.P. RERA Urges Allottees to File Claims with IRPs Amid Insolvency Proceedings for Five Real Estate Companies
-
News7 days ago
Signature Global Awards Rs 1,144 Crore Contract for Luxury Project to Ahluwalia Contracts
-
News2 weeks ago
RentenPe Launches India’s First Rent Credit Score and R-Card