Tag: ASK Property Fund

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ASK Property Fund Invests ₹260 Crore in Kreeva’s Delhi Project

NEW DELHI: ASK Property Fund, the real estate arm of Blackstone-backed ASK Asset & Wealth Management Group, has invested ₹260 crore in the Kanodia Group’s real estate venture, Kreeva. Kreeva has procured a prime land parcel in South Delhi for approximately ₹350 crore and plans to develop a luxury residential project covering 500,000 sq ft. “This marks ASK’s inaugural investment in a vertical residential project in Delhi, aimed at providing a unique residential experience in a market mainly characterized by independent floors,” stated Amit Bhagat, Co-founder, CEO, and MD of ASK Property Fund. Earlier, Shapoorji Pallonji Real Estate (SPRE) entered…

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ASK Property Fund Invests ₹210 Cr in Gami Group’s Navi Mumbai Projects

NEW DELHI: ASK Property Fund, part of ASK Asset & Wealth Management Group, has invested ₹210 crore in Gami Group’s developments in CBD Belapur and Ghansoli, Navi Mumbai. Bhavin Jain, CIO of ASK Property Fund, commented, “This investment marks ASK’s initial entry into the Navi Mumbai market, which has seen substantial momentum due to significant infrastructure enhancements.” The project located in CBD Belapur covers two acres and will feature 2-BHK and 3-BHK units. Recently, the company invested ₹340 crore in three residential projects from Mantra Group, located in JVLR, Mumbai, and two sites in Pune—Wakad and Mundhwa. Published On Jan…

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ASK Property Fund Invests ₹340 Cr in Mantra Group Projects

NEW DELHI: ASK Property Fund, the real estate division of ASK Asset & Wealth Management Group, has invested ₹340 crore in three residential projects led by Mantra Group. Amit Bhagat, co-founder, CEO & MD of ASK Property Fund, commented, “We are committed to providing growth capital for land acquisition associated with residential projects requiring approvals and financial closure of up to ₹500 crore.” This investment is intended to assist Mantra Group in acquiring two projects through the National Company Law Tribunal (NCLT) process, while also supporting an ongoing residential project. Rohit Gupta, CEO of Mantra Properties, stated, “In the Mumbai…

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ASK CLAF-I Partners with Amavi by Clarks for ₹500 Crore Fund

NEW DELHI: The ASK Curated Luxury Assets Fund-I (CLAF-I), a partnership between ASK Property Fund and India Sotheby’s International Realty, has launched a ₹500 crore equity platform with Amavi by Clarks, focusing on branded residences. This collaboration is set to invest in equity for luxury second homes located in scenic hills, serene lakes, and spiritual destinations. ASK CLAF-I is registered with the Securities and Exchange Board of India (SEBI) as a Category-II Alternative Investment Fund (AIF) under relevant regulations. The fund aims to raise ₹1,500 crore overall, which includes a green shoe option of ₹500 crore for its final closing.…