Bengaluru: Strata, a real estate investment platform, aims to list assets valued at Rs 2,000 crore by the end of fiscal 2026, comprising a portfolio of about 2 million square feet in metropolitan cities.These assets will be listed under a small and medium real estate investment trust (SM REIT), for which the firm said Friday that it secured a licence from the Securities and Exchange Board of India.Strata SM REIT will enable retail and institutional investors to invest in commercial assets in key markets. The company aims to initially launch up to six SM REIT schemes in FY26, and gradually increase it to one scheme every month.“With the launch of the Strata SM REIT, we are opening up opportunities for retail investors to access institutional-grade real estate investments, previously reserved for high-net-worth individuals and institutions,” said Strata cofounder and CEO Sudarshan Lodha. Strata is undergoing a corporate restructuring to establish a new entity that will consolidate its existing assets of Rs 2,000 crore. “Our corporate restructuring is a strategic move to enhance operational efficiency and streamline our asset portfolio under the SM REIT framework. Sebi’s guidelines on REITs have provided the much-needed framework for a transparent and efficient investment ecosystem. With the SM REIT, we are aligning with these standards to ensure greater trust and participation from investors,” Lodha said. According to experts, the scope of SM REITs in India is vast, given the rising demand for alternative investment options and the growing interest in commercial real estate. Strata seeks to capitalise on the demand for commercial real estate while mitigating risks through strategic asset allocation. “The company will focus on top cities like Mumbai, Pune, Bengaluru, Chennai and Hyderabad. We will focus on office assets and at a later stage look at hospitals as there is enough opportunity in Thai space,” Lodha said.Strata was previously a tech-enabled real estate investment platform that allowed investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses and industrial assets. It is funded by investors like Kotak Investment Advisors, Gruhas Proptech, Elevation Capital and Mayfield India.
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