Strata to Raise Rs. 35 Crore for Office Space Investment Opportunity

BY Realty+

Strata, commercial real estate (CRE) investment platform,said that it has forayed into Pune market with the launch of a plush, Grade-A office asset at Hinjewadi. Leased out to a leading manufacturer, the asset is worth approximately Rs. 35 crore and is expected to offer an average rental yield of 10%.

The newly launched office asset which spans across an area of over 50,000 sq. ft. has been pre-leased for a period of 6 years with a lock-in period of 9 years. Additionally, the asset is expected to generate a net investor annual internal rate of return (IRR) of 13.10%, thus creating a rewarding and stable asset opportunity offering inflation beating returns while generating passive income in the long-term.

Addressed as the IT epicentre of India, Hinjewadi, is a prominent employment hub and the property is all set to host one of the India’s premium MNCs’ as its tenant. Known for its tech parks and upmarket apartment complexes, shopping, and entertainment hubs, Hinjewadi is also emerging as a popular residential locality comprising of large township projects. The 50000 sq.ft. office asset is surrounded with state of the art IT companies’ campuses like Infosys, Rajeev Gandhi Infotech Park, Cognizant among others, making it ideal for an office space.

Commenting on the launch, Sudarshan Lodha, Co-founder & CEO, Strata Property Management, said, “We are delighted that after funding 15 premium assets across the country, we are now strengthening our presence in the magnificent state of Maharashtra with the launch of our 16th asset in the state’s cultural pride – Pune. With a premium tenant, location as prominent as Hinjewadi and Strata’s expertise in managing Grade-A commercial spaces, our latest offering is a highly lucrative investment opportunity that will help investors participate in the phenomenal growth story of Pune.”

 “The property market in Pune has made a strong comeback in the last one year with sales already surpassing the pre-Covid levels across both residential and commercial segments. With huge demand especially across IT, BFSI and manufacturing sectors, the commercial property market in Pune is witnessing immense traction and therefore our asset launch comes in at a very strategic time” he further added.

 After funding 15 assets across the country, Strata’s foray into Pune comes in at a strategic time when the city is witnessing strong revival post the pandemic. The company, today has over 700+ crore worth of Asset Under Management (AUM) with total of 2.8 million sq ft managed across cities such as Bengaluru, Hosur, Hyderabad, Mumbai, Chennai, Jaipur, etc.

Tags : Sudarshan Lodha Co-founder & CEO Strata Property Management Infosys Rajeev Gandhi Infotech Park Cognizant Strata commercial real estate (CRE) investment platform