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Strata aims for Rs 2,000 crore AUM by 2023-24


Strata, a tech-enabled platform for fractional investments in commercial real estate, is aiming for assets under management of Rs 2,000 crore by the end of 2023-24, aligning with forthcoming regulatory changes in the fractional ownership sector, said its chief executive Sudarshan Lodha.

The company surpassed AUM of Rs 1,300 crore this month, up about 50% from Rs 850 crore eight months ago, spread over 3.5 million square feet. It aims to expand its presence in western states of the country such as Maharashtra, Rajasthan and Gujarat.

“We firmly endorse (stock market regulator) SEBI’s commitment to regulate small and medium REITS (real estate investment trusts) 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. 2,000 crore transaction mark.,” said Lodha.

In 2023, the company has doubled its investor base to 3,000 and attracted more than 80,000 active users to its platform.

“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,” said Lodha.

Recognising the growth potential in tier-2 markets, Strata strategically expanded into emerging commercial locations such as Pune’s Hinjewadi, where the company closed a transaction of Rs 110 crore, as well as Jaipur and Hosur, after establishing its presence in the southern part of the country.“Our current milestone serves as a testament to our unwavering commitment to risk mitigation, client-centricity and delivering robust returns,” said Lodha. “This not only underscores our leadership in introducing fractional ownership to India’s retail investors but also signifies a pivotal shift in the landscape of commercial real estate investment. Our commitment remains steadfast in accelerating our growth journey, offering inclusive and rewarding products, and solidifying our position as a trailblazer in the industry.”Strata is now extending its reach to western India with upcoming assets in Pune and Jaipur. This strategic move underscores its proactive approach to unlocking opportunities in previously unexplored markets, providing investors with the potential for robust returns, said Lodha.

The company utilises innovative tech-driven solutions to empower retail investors, making commercial real estate accessible to a broader audience.

It is funded by marquee investors, including Kotak Investment Advisors, Gruhas Proptech, Elevation Capital and Mayfield India.


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