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Strata and India Land and Global Group collaborate to develop commercial properties in Maharashtra and Tamil Nadu

#Taxation & Finance News#India#Tamil Nadu
Last Updated : 17th Jul, 2023
Synopsis

Strata, a leading real estate investment group, has partnered with India Land and Global Group to expand its presence in the Indian market. The collaboration aims to develop commercial properties in Maharashtra and Tamil Nadu. The partnership has led Strata to plan the raising of funds for a project in Pune's Hinjewadi area, covering 120,000 square feet with an expected rental yield of 8-9%. The collaboration will accelerate the growth and geographic reach of both companies, expanding their presence by offering new opportunities in commercial real estate across Maharashtra and Tamil Nadu.

Strata, a leading real estate investment group, has formed a partnership with India Land and Global Group to expand its presence in the market. The two companies will collaborate to develop commercial properties in Maharashtra and Tamil Nadu. India Land and Global Group is a respected industrial construction company specializing in land acquisition, lease options, industrial parks, and warehouse logistics.




The partnership has prompted Strata to plan to raise over Rs 150 crore in Phase 1 for a project covering 120,000 square feet in Pune's Hinjewadi area. The expected rental yield is 8-9%. The location of the plot is strategically connected to major suburbs of Pune, making it an attractive investment opportunity.



This partnership strengthens the value proposition for investors, providing them with confidence in the projects. The project will offer high-quality office spaces in Pune. India Land and Global Group already own 10 million square feet of pre-leased industrial and commercial properties across Pune, and this partnership will enable them to provide lucrative investment opportunities on a larger scale.



This strategic collaboration between Strata and India Land and Global Group will accelerate the growth of both companies in terms of resources and geographic reach. Strata is India's leading tech-enabled commercial real estate company, while India Land and Global Group is a prominent commercial real estate developer in South India. Their investment presence will now span across Pune, Mumbai, Coimbatore, and Chennai. Moreover, this esteemed partnership opens up new avenues in the commercial real estate world for investors interested in projects across Maharashtra and Tamil Nadu.

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