Strata launches new grade-A office asset opportunity in Chennai

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After closure of its latest asset in Pune in record time of 38 hours,

Strata launches its next asset in Chennai
 To offer a gross entry yield of 9.1% and targeted IRR of 12.9%
 Perungudi is one of the most preferred neighborhoods in Chennai for residential and
commercial purposes
 This asset is pre-leased for 5 years would have a lock in period of 3 years
 Strata, currently has more than 35k+ users & 2k+ investors globally
Mumbai, 4 th August 2022: Strata, India’s leading tech-enabled commercial real estate (CRE)
investment platform, today announced the launch of its 17 th commercial asset, a plush, Grade-A
office property in Chennai. Leased out to a leading US based technology company, Strata aims
to raise Rs. 27 crore for the asset which is expected to offer a gross entry yield of 9.1%.
Situated in one of the most strategic locations of Perungudi in Chennai, the office asset spans
across an area of approx. 35000 sq. ft. and has been pre-leased for a period of 5 years with a
lock-in period of 3 years. Additionally, the asset is expected to generate a net investor annual
internal rate of return (IRR) of 12.9%, thus creating a rewarding and stable asset opportunity
offering inflation beating returns while generating passive income in the long-term.
Popularly known as the IT corridor of Chennai, Perungudi is now gaining popularity as one of
the most preferred residential areas too. Owing to its location on the IT highway and proximity
to other key neighborhoods in Chennai such as Thiruvanmiyur, Adyar and Velachery, it serves as
one of the most archetypal location for a premium commercial asset.
Commenting on the launch, Sudarshan Lodha, Cofounder & CEO, Strata Property
Management, said, “After raising a record breaking fund of INR 38 crore in 38 hours for our
entry asset in Pune, we are much enthusiastic to return to our special market Chennai, with a
brand new office asset. Primarily dominated by the IT, engineering and manufacturing sectors,
Chennai has been witnessing strong leasing activity through the first two quarters of 2022 which
clearly indicates full recovery from the pandemic. With continued demand momentum across IT
and manufacturing sectors, the commercial property market in Chennai is witnessing immense
traction and therefore our asset launch comes in at a very strategic time.”
“Since Strata’s launch in 2019 we have come a long way in building a robust portfolio of assets
worth INR 700+ crore across strategic locations in the country. We are extremely thrilled to
return back to the ever growing market of Chennai for the launch of our 17 th asset which further
strengthens our presence in South India. With a premium tenant, location as prominent as

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Perungudi combined with Strata’s unparalleled tech and management expertise, our latest
offering is a highly lucrative investment opportunity in Chennai” he added.
After funding 16 assets across the country, Strata’s return to Chennai with its second asset in
the city, comes in at a strategic time when the city is witnessing strong revival post the
pandemic. The company, today has over 700+ crore worth of Asset under Management (AUM)
with total of 2.8 million sq ft managed across cities such as Bengaluru, Hosur, Hyderabad,
Mumbai, Pune, Jaipur, etc.
Strata has been relentlessly working towards democratizing commercial real estate as an asset
class in the country. The company has an investor base of over 35k+ comprising of over 2000
active investors.
Strata envisions to be the largest alternative investment platform in the country for retail
investors by enabling them to invest in CRE assets, by democratizing assets and offering it on an
easy-to-use online platform. Through its tech-enabled platform, Strata empowers retail
investors across the globe to invest in specific commercial properties in a particular location of
their choice whilst offering good yields. Strata is backed by institutional investors like Kotak
Investment Advisors, Gruhas Proptech, Sabre Investments Elevation Capital, Mayfield and
PropStack.