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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..