Mumbai: Strata has raised Rs 140 crore for a consortium of three grade-A warehousing asset opportunities amid the Covid-19 pandemic. Strata is a tech-enabled real-estate investment platform for premium Commercial Real Estate (CRE).
Strata Avigna Warehousing I & II situated in Hosur received 100% commitment from investors within just 42 days of its launch.
While the pharma warehousing asset in Bengaluru was closed within a record time of just 7 days. The consortium of assets collectively computed for a total of 0.7 million sq. ft. of warehousing space.
The assets are expected to offer investors an average rental yield anywhere between 9.5% and 10% Y-o-Y, which is amongst the highest when compared to other investment opportunities such as — mutual funds, fixed deposits and equity markets.
The consortium listed by the company offers investment opportunity assets that an investor can avail via the fractional ownership model.
The latest asset listing of the firm witnessed participation from a diversified set of more than 500 investors across HNIs’, family offices, top management from fortune 500 companies, retail and institutional among others.
Besides, the assets also secured tremendous traction from the NRI community and from investors across tier-II towns.
The proptech startup offered assets are being pre-leased properties, so the investors can start earning rentals from the first month of the investment itself.
The minimum investment for the assets listed begins from Rs 25 to Rs 50 lakh. The investments being in liquid one can easily sell off one’s stakes whenever required.
“We have successfully raised funds for our investment opportunities even in such challenging times which clearly reflects the pent-up demand and high resilience of the sector and the confidence of our investors in our business model,” said Sudarshan Lodha, Founder – Strata.
“With global supply chains diversifying away from China to India, greater penetration of e-commerce, faster shift to 3PL, and companies eyeing higher inventory levels, we foresee an approx. 30% growth in warehousing facilities in the coming years,” added Lodha.
“Avigna is planning on developing multiple industrial and warehousing projects spread over 9 Million sqft in the next five years across 7 cities such as Bangalore, Chennai, Hyderabad, etc.,” said Abhijit Verma, CEO – Avigna Space Industrial & Logistics Park.