Strata’s AUM crosses Rs 1300 cr, Raises Rs110 cr for office asset in Pune 

Bengaluru, December 28, 2023: Tech-enabled platform for fractional investments in commercial real estate (CRE), Strata, has crossed assets of Rs. 1300 crore sand 3.5 million square feet (Sq. Ft.) of assets 

In December 2023. A press release issued by the company says that, it aims to transact or cross an AUM of Rs. 2000 crores by the end of the fiscal year 2023-24. 

Strata aims to enhance its presence in the western states, such as Maharashtra, Rajasthan, and Gujarat. Over the past eight months, Strata’s transactions and AUM, increased by approximately 50% from Rs. 850 crores to over Rs. 1300 crores in 2023. 

Commenting on the milestone, Sudarshan Lodha, Co-founder & CEO, Strata, stated, ‘We firmly endorse SEBI’s commitment to regulate Small and Medium REITS and pledge to adhere to any forthcoming guidelines within the established framework. As we approach the fresh regulatory environment, we aim to become the first proptech company in the country to surpass the Rs. 2000 crore transaction mark. The upcoming regulatory framework is expected to instil confidence and a positive outlook within the fractional ownership space, resonating not only with retail investors but also garnering interest from developers and institutional investors.’

Advertisements