ASK Property Investment Advisors invests ₹200 cr in Kalpataru Group’s housing project
May 12, 2021
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This is a mid-segment residential project in Pune spanning across 16 acre with a saleable area of about 1.9 million sq ft
ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of the ASK group, has invested ₹200 crore in Kalpataru Group’s mid-income housing project in Baner, Pune.
This is an ongoing mid-segment residential project spanning across 16 acre with a saleable area of about 1.9 million sq ft and comprising over 1,200 units spread across 1-3 BHK homes.
Amit Bhagat, Chief Executive Officer and Managing Director at ASK PIA said, “This is our 14th project in Pune, and with this investment the ASK group has now invested in projects spanning across 12 million sq ft including over 8,500 residential units, a city-centric office space and IT-SEZ in Pune. The project is in line with our strategy of providing funds to mid-income housing projec
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Kalpataru to develop premium project in Mumbai for Rs 300 crore
As many as 171 units are being launched in the first phase with prices starting at Rs 73 lakh
The units spread over 2.4 acres and developed in two phases comprise 2BHK and 3BHK configurations.
In the first phase, 171 units are being launched across 2BHK and 3BHK configurations. Apartments in the first phase will be ready for possession by June 2025.
“Panvel is emerging as Mumbai Metropolitan Region’s new realty hub, due to its strategic location between the industrial hubs and business districts, and the enormous infrastructure development underway. The city’s abundant green cover and air quality also makes it one of the country’s most livable destinations,” said Parag Munot, managing director, Kalpataru Ltd.