Yatra will target high quality real estate investments in India with strong fundamentals and potential for value creation. Investments will be diversified not only on the basis of asset class and geography, but also on the basis of timing of Yatra's entry, type of city (Tier I, II & III) and risk / return profile. A disciplined investment approach will be used to help establish a portfolio positioned to capitalise on growing real estate markets, while providing resilience to future market downturns.

The following strategies will be employed in order to achieve the objectives:-

• Sector and Location Focus
  Yatra will focus on investments across the real estate spectrum in areas with strong local attributes, supported by stable, growing, or emerging demographic and economic trends.
• Deal Flow Strategy
  The Investment Manager will leverage its significant market presence, brand awareness and key strategic relationships, to source investment opportunities with significant yield and value enhancement potential. Investments will also be selected where the ability to take advantage of supply and demand imbalances, temporary market illiquidity, time sensitive sellers, or other factors, may permit an opportunistic purchase.
• Partners of the Highest Calibre
  Yatra will partner with developers and other service providers who are leaders in their respective fields. All partners will have extensive sector specific experience, and insight into the local real estate markets and asset classes.
• Leverage
  Yatra manages the capital structure of each of the investments adhering to a policy of prudent leverage.
• Active Management & Value Enhancement
  In addition to a representative seat on the Board of Directors with affirmative rights, the Investment Manager will use its asset management capability to maintain an active involvement and add value at every stage of the project. This will include maintaining the most suitable tenant mix, ensuring high-quality maintenance and upkeep of buildings, and using well-considered financial structuring and documentation for each project.
• Exit Strategy
  Each asset will be periodically analysed with respect to potential disposal. In evaluating any development or investment opportunity, one of the primary considerations is the potential exit strategy. To that end, Yatra will focus on making investments in high quality, well-located assets that should appeal to a wide group of subsequent buyers. Yatra strives to seek investments with multiple exit strategies to maintain the highest possible valuation.
• Investment Principles
  In addition to its corporate objectives, Yatra is committed to implementing investment principles that ensure it acts in an ethical manner and provides long term benefit to society in general.
  
  The following investment principles will be applied:
  
  
  • All projects should be for the overall long-term benefit of the communities they seek to serve;
  • Projects should not cause any damage to the ecological balance and green cover of their surrounding environment;
  • Yatra will conduct its business in an ethical and transparent manner with a strong focus on stringent governance;
  • Yatra should be modelled as a responsible corporate citizen, while delivering on its targets.