Real Estate

Real Estate Transactions

Commercial property investment platform Strata raises Rs.35-Cr for office property in Pune

Economic Times  

Technology-enabled commercial real estate (CRE) investment platform Strata has forayed into Pune by raising over INR 35 crore for a grade-A office asset at Hinjewadi. The asset spread over 50,000 sq ft is leased out to a leading manufacturer and is expected to generate an average rental yield of 10%. The office has been pre-leased for a period of nine years with a lock-in period of six years. Additionally, the asset is expected to generate a net investor annual internal rate of return (IRR) of 13.10%.