Strata plans to raise Rs 20 billion in FY25 under SM REITs

28 May 2024 CW Team

A platform for investing in commercial real estate (CRE), Strata has submitted an application for a license to operate as a small and medium REIT (SM REIT) in accordance with the most recent guidelines released by the Securities and Exchange Board of India (SEBI). In addition, the business plans to start moving its qualifying assets to SM REITs in order to reach its goal of having Rs 20 billion in total assets under management (AUM) by the end of FY25. The inclusion of SM REITs in the fractional ownership model (FOP) for all assets valued at much above Rs. 0.50 billion was announced by SEBI in 2023. In early 2024, the regulator also published a comprehensive framework. This rule has increased the amount of assets that can be invested under fractional ownership, including very large assets that were previously unfeasible because of legal constraints. Sudarshan Lodha, the co-founder and CEO of the company, stated that their focus this year is to integrate eligible assets into SM REITs. The company claims to have over Rs 18 billion in transactions and an AUM (Assets Under Management) of over 4 million sq ft across Mumbai, Bengaluru, Pune, Hosur, Hyderabad, Chennai, Jaipur, and Mehsana. The company, Strata, is backed by institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield, and PropStac.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..