Strata, a leading player in India's tech-driven commercial real estate sector, has introduced a cutting-edge investment opportunity – fractional ownership of a Grade-A office space in Pune. Targeting INR 78 crore, the venture gained remarkable traction, securing over INR 38 crore within the first 48 hours. The 53,000 sq. ft. property in Viman Nagar, Pune's IT hub, features a strategic location with a five-year lock-in lease agreement, offering a 9.1% gross entry yield and a total Internal Rate of Return (IRR) of 13.1%. With a tenant commitment from India's largest flex working space provider, Strata continues to democratize high-end commercial real estate investment through fractional ownership, backed by notable institutional investors. This move highlights a growing trend in making commercial real estate accessible to a broader investor base.
Strata, a leader in India's tech-driven commercial real estate sector, has unveiled its latest investment offering: a top-tier, Grade-A office space in Pune, designed for fractional ownership. This new venture, which is already drawing significant interest, targets raising INR. 78 crore. Remarkably, within the first 48 hours of its introduction, over INR. 38 crore was already secured. Situated in the bustling heart of Pune, this 53,000 sq. ft. property boasts a strategic location and a five-year lock-in lease agreement. It promises a 9.1% gross entry yield and a total Internal Rate of Return (IRR) of 13.1%.
The property's prime position in Viman Nagar, the IT hub of Pune, known as the "Queen of Deccan," offers a symbiotic blend of commercial vitality and accessibility. Its proximity to an upcoming metro line enhances its logistical appeal. The property's appeal is further cemented by its tenant who is India’s largest flex working space provider. The tenant has committed to its full pre-leased period, thus offering investors a secure investment prospect.
Strata has been a pioneer in promoting retail investment in Grade-A, state-of-the-art commercial properties across various Indian cities including Bengaluru, Chennai, Hosur, Jaipur, and Hyderabad. The company’s mission is to democratize high-end commercial real estate investment, making it accessible through fractional ownership.
Since its inception, Strata has gained the confidence of over one lakh users and more than 3000 active investors, with approximately 25% of its investor base being Non-Resident Indians (NRIs). This strategy not only diversifies the Indian real estate investment landscape but also encourages foreign investment. Backed by significant institutional investors like Kotak Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield, and PropStack, Strata continues to redefine the commercial real estate investment domain.
In conclusion, Strata's latest entry into Pune's commercial real estate market with this high-grade office space not only underscores its commitment to offering lucrative investment opportunities but also signifies a growing trend in fractional real estate investment, empowering more individuals to participate in the realm of commercial real estate investments.
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