To explore new investment opportunities in Pune
Aims to raise more than Rs. 150 crores in Phase 1 from office space
Strata, India’s leading tech-enabled commercial real estate (CRE) investment platform, has announced a strategic partnership with India Land and Global Group, two of Maharashtra’s leading commercial developers.
This partnership will strengthen the asset supply for Strata increasing its presence across the region. Through this partnership, Strata plans to raise Rs.150+ crore in phase 1 for a Grade-A office asset in Pune’s Hinjewadi. This partnership with two key developers in the commercial real estate segment will enhance Strata’s presence across Maharashtra and Southern India in the coming year.
India Land and Global Group own multiple commercial properties spread across Maharashtra and Tamil Nadu. Phase 1 of the Pune property is strategically located in Hinjewadi, covering an area of 120,000 square feet. It is expected to offer an Internal Rate of Return (IRR) of 12-13% and a rental yield of 8-9%. The location has become a thriving investment hub following the establishment of the Hinjewadi IT Park. It is situated in one of the most sought-after areas, surrounded by an unparalleled infrastructure ecosystem. Enjoying proximity to all major suburbs of Pune, Hinjewadi remains one of the region’s most preferred areas. The asset is part of IndiaLand, a prominent commercial real estate developer in Southern India. With premium assets across Mumbai, Pune, Coimbatore, and Chennai, it will strategically expand Strata’s presence across Maharashtra and Tamil Nadu, offering fractional investments in commercial properties to a larger audience.
