Sunday, October 25
Strata, which facilitates fractional ownership of commercial real estate, on Friday said it has received the official license from markets regulator Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT). The SM-REIT will be named Strata SM REIT, which will enable retail and institutional investors to invest in high-quality commercial assets in major cities. "The company aims to initially launch up to six SM REIT schemes in 2025-26, and gradually increase it to one scheme every month," Strata said in a statement. Strata Capital will be the Investment Manager for the SM REIT. Strata was previously a tech-enabled real estate investment platform that allowed investors to own and sell fractions of pre-leased, Grade-A commercial properties like office spaces, warehouses,
The government has increased the allocation of cheap domestic gas to city gas distributor Indraprastha Gas Ltd (IGL), which will boost its profitability, the company said in a public filing.“As per the communication received from GAIL (India) Limited (the nodal agency for domestic gas allocation), the domestic gas allocations to IGL have been revised upwards by 31% with effect from 16th January 2025 increasing the share of domestic gas in compressed natural gas segment from 37% to 51%,” the company said.IGL has also tied up additional regasified liquefied natural gas (RLNG) volumes of around 1.0 million metric standard cubic meters a day (MMSCMD) at “competitive prices”, the company said.The government had in recent months sharply cut the allocation of cheap domestic gas to city ga
