Strata Invests ₹96 Crore in Chennai, Bengaluru Housing Projects
Representative AI image NEW DELHI: Tech-enabled investment platform Strata has committed ₹96 crore to three RERA-approved residential projects in Chennai and Bengaluru, highlighting the increasing interest in private credit backed by Southern India’s real estate market. The investment comes as demand for capital in southern India grows, particularly for plotted developments. In Chennai, Strata has allocated ₹66 crore across two residential developments located in the Old Mahabalipuram Road (OMR) corridor. These investments are structured to yield targeted annual returns of approximately 16%, payable monthly or quarterly. The funding will contribute to a 1.75-acre apartment project in Semmancherry and a 3.21-acre…
