Investment platform Strata invests ₹96 crore in Chennai, Bengaluru residential projects

New Delhi: Tech-enabled alternative investment platform Strata has invested ₹96 crore across three RERA-approved residential projects in Chennai and Bengaluru, underscoring growing investor interest in private credit opportunities backed by southern India's residential real estate market.

The investment comes amid rising demand for capital in southern India, particularly for plotted developments.

In Chennai, Strata has invested ₹66 crore across two residential projects in the city's Old Mahabalipuram Road (OMR) corridor. The investments are structured to deliver targeted annual returns of about 16% through monthly or quarterly coupon payouts.


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The funding supports a 1.75-acre apartment project in Semmancherry and a 3.21-acre villa development in Navalur, both located along the OMR corridor, one of Chennai's strongest residential markets, driven by sustained IT expansion, established employment hubs and improving infrastructure.

Earlier this month, Tamil Nadu-based Sameera Group raised funding from a real estate credit platform jointly managed by Aditya Birla Sun Life AMC and BGO, while also holding talks to raise ₹500 crore as growth capital for its pan-India expansion.

In Bengaluru, Strata has invested about ₹30 crore in a RERA-registered plotted development near Devanahalli in north Bengaluru. The investment is structured to generate targeted annual returns of about 17% through a quarterly coupon model.

“North Bengaluru continues to emerge as one of the city’s most promising residential corridors,” said Sudarshan Lodha, co-founder and CEO of Strata. “This is driven by its proximity to the airport and the rapid infrastructure development around it. It is much like Chennai’s OMR corridor, which remains one of south India’s most established residential markets, supported by sustained employment growth, expanding infrastructure and strong end-user demand.”

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Located less than 16 km from Kempegowda International Airport, the 10.5-acre project lies in one of north Bengaluru's fastest-growing residential corridors, where improving connectivity and infrastructure have spurred investment in housing and logistics. The project, with an average plot size of about 2,000 sq ft, is being developed by a Bengaluru-based developer that has delivered more than 16.8 million sq ft of projects.

“These transactions reflect our continued focus on structured credit opportunities backed by strong collateral and a security-first approach to underwriting. By combining these elements, we aim to create well-secured private credit opportunities backed by quality real estate assets, with a focus on preserving capital while supporting quality real estate development in high-growth locations,” Lodha said.

Strata is backed by investors including Elevation Capital, Mayfield, Kotak Investment Advisors and Gruhas.

“The increasing participation of institutional capital indicates a maturing real estate market, where quality projects and experienced developers are attracting long-term investment,” said Somy Thomas, executive managing director, Land & Capital Markets, Cushman & Wakefield. “Demand for plotted developments continues to remain robust, and Chennai has consistently demonstrated healthy absorption and positive market fundamentals.”