Strata Sets Sights on Rs 2
Strata aims to migrate eligible assets to SM REITs
Real EstateReitsSm ReitsStrataCommercial Real EstateFractional OwnershipReal Estate NewsMay 26, 2024
In 2023, SEBI had announced the introduction of SM REITs into the fractional ownership model (FOP), for all assets of over Rs 50 crore. Further to this, the regulator released a detailed framework in early 2024. This regulation has widened the scope for fractional ownership investment, including very large assets that were otherwise not possible due to technical and legal constraints.
Sudarshan Lodha, co-founder & CEO of the company said, Our focus this year is to integrate eligible assets into SM REITs. The company claims to have over Rs 1,800 crore in transactions and AUM of over 4 million sq ft across Mumbai, Bengaluru, Pune, Hosur, Hyderabad, Chennai, Jaipur, and Mehsana.
Strata is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield, and PropStack.
Strata is a commercial real estate investment platform that provides fractional ownership opportunities to individual investors in the Indian market.
Securities and Exchange Board of India (SEBI) is the primary regulator of the securities market in India. Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield, and PropStack are institutional investors that have backed Strata.
Frequently Asked Questions
What is Strata's aim with SM REITs?
Strata aims to achieve a total assets under management (AUM) of Rs 2 000 crore by the end of FY25 with SM REITs
What is the significance of SEBI's introduction of SM REITs?
SEBI's introduction of SM REITs has widened the scope for fractional ownership investment including very large assets that were otherwise not possible due to technical and legal constraints
What is Strata's current AUM?
Strata claims to have over Rs 1 800 crore in transactions and AUM of over 4 million sq ft across multiple cities in India
Who are the institutional investors backing Strata?
Strata is backed by institutional investors like Kotak Investment Advisors Gruhas Proptech Sabre Investments Elevation Capital Mayfield and PropStack
What is fractional ownership in real estate?
Fractional ownership in real estate allows individual investors to own a portion of a property rather than the entire property providing access to larger and more lucrative investments
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