Strata has launched its first-ever warehousing asset in Bengaluru. The Grade-A premium warehousing property is spread over 2 lakh sq. ft. and is expected to offer a gross entry yield of 9.3%.
Located on the outskirts of India’s IT hub Bengaluru, Hoskote is emerging as an industrial foothold in Southern India. The asset is pre-leased for a period of 15 years and has a lock-in period of 7 years. Rented out by one of the biggest international logistics companies, the property is to serve as one of the most sophisticated and state-of-the-art warehousing facilities with advanced infrastructure.
Sudarshan Lodha, Cofounder & CEO, Strata, said, “We are super thrilled to announce the launch of our first warehousing investment opportunity in Bengaluru. The pandemic triggered a boost in e-commerce, and the growing demand to expand and upgrade to state-of-the-art facilities has spurred up the demand for organized industrial and warehousing, owing to which Bengaluru especially has become an attractive investment destination. Located in the emerging industrial hub of Hoskute, a potential manufacturing centre, our latest asset offers our investors an extremely lucrative investment opportunity. We aim to raise warehousing assets spanning over half-a-million sq. ft in Bengaluru in the next 6 – 9 months ”
Strata was the first proptech platform in the country to offer warehouse investment assets through a fractional route and raised Rs. 140 crores for a consortium of three grade-A warehousing asset opportunities amid the Covid-19 pandemic in September 2020.
According to the ‘Market in India 2022’ Report by Netscribes India, the warehousing industry in India is expected to reach a staggering value of INR 2244 billion by 2026, showcasing a CAGR of 10.90%. Major factors contributing to this growth are a boost in e-commerce demand and the government’s emphasis on domestic manufacturing through the ‘Make In India’ movement.