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

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..