ASK Property Fund, the real estate private equity arm of ASK Group, has invested Rs 225 crore in a residential project by Kumar Realty in Pune s Hinjewadi. The investment was made through ASK Real Estate Special Opportunities Fund IV (RESOF IV). The project targets affordable and mid-income homebuyers and is part of an integrated township. ASK Property Fund has a track record of 15 investments in Pune s real estate market.
According to market sources, Hinjewadi has witnessed sales of over 9,000 units in the last two years. Year-on-year price has appreciated by about 6-8 percent in the region, the company said.
Mumbai-based ASK Property Advisors Ltd, which recently marked the final close of its sixth residential realty fund, on Wednesday announced a joint investment with Bengaluru-based ..