Tech-enabled alternative investment platform Strata has invested ₹96 crore across three RERA-approved residential projects in Chennai and Bengaluru, reinforcing investor interest in private credit opportunities backed by residential real estate assets in southern India. The investments are structured to generate regular coupon payouts while supporting residential developments in two of the country’s active housing markets.
Of the total investment, ₹66 crore has been allocated to two residential projects in Chennai’s Old Mahabalipuram Road (OMR) corridor, while the remaining ₹30 crore has been invested in a plotted development near Devanahalli in north Bengaluru.
The Chennai investments are designed to deliver targeted annual returns of around 16% through monthly or quarterly coupon payouts. The funding will support the development of a 1.75-acre apartment project in Semmancherry and a 3.21-acre villa project in Navalur, both located along the OMR corridor. The region continues to attract residential demand due to its established IT ecosystem, employment hubs, improving infrastructure, and connectivity.
The investment also comes at a time when developers in Tamil Nadu are increasingly accessing alternative sources of capital. Earlier this month, Sameera Group secured funding from a real estate credit platform jointly managed by Aditya Birla Sun Life AMC and BGO, while also exploring plans to raise ₹500 crore as growth capital for its expansion across India.
In Bengaluru, Strata has invested approximately ₹30 crore in a RERA-registered plotted development located near Devanahalli, one of the city’s fastest-growing residential corridors. The investment has been structured to generate targeted annual returns of around 17% through quarterly coupon payouts.
Spread across 10.5 acres, the project is located less than 16 km from Kempegowda International Airport. The development features plots averaging 2,000 sq ft and is being executed by a Bengaluru-based developer that has delivered more than 16.8 million sq ft of real estate projects. The location has witnessed increasing residential and logistics activity due to expanding infrastructure and improved connectivity.
Commenting on the investment, Sudarshan Lodha, Co-founder and CEO of Strata, said north Bengaluru continues to emerge as one of the city’s promising residential corridors because of its proximity to the airport and ongoing infrastructure development. He added that the growth story is comparable to Chennai’s OMR corridor, which continues to benefit from sustained employment growth, expanding infrastructure, and steady end-user demand.
Lodha further noted that the transactions reflect Strata’s focus on structured private credit opportunities supported by strong collateral and a security-first underwriting approach. According to him, the objective is to preserve investor capital while financing quality real estate developments in high-growth locations.
Strata is backed by investors including Elevation Capital, Mayfield, Kotak Investment Advisors, and Gruhas.
According to Somy Thomas, Executive Managing Director, Land & Capital Markets, Cushman & Wakefield, increasing participation by institutional investors reflects the continued maturation of India’s real estate market. He observed that quality projects developed by experienced developers are attracting long-term capital, while demand for plotted developments remains strong. Thomas also noted that Chennai has consistently demonstrated healthy residential absorption and positive market fundamentals.
