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 Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

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Kapsch to Deliver India’s First C-ITS Project

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..