Strata Becomes India's First Fractional Ownership Platform to Provide Full Exit to its Investors
Feb 16, 2024
NewsVoir
Jaipur (Rajasthan) [India], February 16: Strata, India's largest commercial real estate investment platform, announces the successful sale of its warehouse asset in Jaipur, delivering a return on investment of 13-14 per cent to its investors over a period of two years. With this sale, Strata becomes the first fractional ownership platform (FOP) in the country to offer a full exit to its investors. The asset, spanning 88,000 square feet, represents Strata's first successful sale with substantial return on investment (ROI).
Launched in 2021 for investment, the warehouse asset named 'Jaipur Opportunity', was acquired at Rs 20.09 crore and has appreciated by 5.72 per cent CAGR with the final valuation totalling Rs 23.25 crore at the time of sale.
As a trendsetter in creating opportunities in deep India, beyond the already saturated tier I markets, Strata is focussing on creating more robust, growth and value-oriented investment opportunities for its investors across the country. At the time of launch in 2021, the warehouse asset was fully funded within 48 hours of its launch, showcasing investor confidence in India's emerging cities and contributing to their development. About 45 per cent of investors in this property were first-time fractional ownership investors, indicating a trend towards newer markets.
Commenting on this milestone, Sudarshan Lodha, Co-founder and CEO of Strata, said, "This successful exit not only meets, but surpasses investor expectations, strengthening confidence in Strata and fractional ownership as an alternative investment. We have gained tremendous confidence in Jaipur as a market, and we are planning to launch Rs 100 Cr worth of assets in Jaipur in the upcoming quarter. Our commitment to maintain investor interests through research-driven flexibility underscores our dedication to transparency, innovation, and maximizing returns. This milestone reflects the efficacy of our rigorous, process-driven model and the trust our investors place in us. Successful investments stem from recognizing promising markets, fostering local partnerships, and ethically supporting invested communities."
The successful delivery of 13-14 per cent of ROI to its investors over a period of two years underscores Strata's focus on creating a robust new asset class of fractional ownership in India, thereby democratizing access to high-end CRE investment. Boasting over 1 lakh users and 3,000+ active investors, including approximately 25 per cent NRI participation, Strata is also playing a pivotal role in encouraging foreign investments in the Indian real estate sector. The platform is backed by reputable institutional investors such as Kotak Investment Advisors, Gruhas Proptech, Sabre Investments, Elevation Capital, Mayfield and PropStack.
Strata is a tech-enabled real estate investment platform that allows investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses, industrial assets, etc. With more than 1500+ Cr in AUM, over 100,000 members, and 3000 investors, it is India's leading platform for fractional ownership in commercial real estate.
It is funded by marquee investors, Kotak Investment Advisors, Gruhas Proptech, Elevation Capital, Mayfield India, and others. strataprop.com.
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