ASK Property Fund invests Rs 225 crore in Pune, Real Estate News, ET RealEstate

September 13, 2023

NEW DELHI: ASK Property Fund, the real estate private equity arm of the ASK Group, has invested Rs 225 crore in Pune from its recently raised fund, ASK Real Estate Special Opportunities Fund IV (RESOF IV).

The project predominantly comprises of residential developments and is part of the integrated township, Megapolis, located within Hinjewadi, which is being developed by Kumar Realty.

In this integrated township 4,600 units are delivered and a majority are occupied. There are 3,000 units under construction.

Amit Bhagat, CEO & MD of the company said, “Overall, PE investments in the real estate sector are estimated to touch $5.6 billion in 2023, a 5.3 per cent y-o-y growth. Our focus continues to be in the mid segment where affordable housing and proximity to job corridors is the winning mix. We have a stellar track record of investments across 35 projects and 19 complete exits in just 12 years. We will continue to identify early to mid-mile funding growth capital requirements for reputed developers.”

ASK PIA has raised around Rs 6,100 crore since 2009 and investors include family offices, ultra high net worth individuals (UHNI), high net worth individual (HNI) and institutions.

  • Published On Sep 13, 2023 at 04:00 PM IST

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