ASK Announces New Realty Fund, Targets Corpus of Rs 1,000 Cr
ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of the ASK group, on 13th July said it is announcing a new real estate-focused fund called - "ASK Real Estate Special Opportunities Fund – IV". The fund is targeting a corpus of Rs 1,000 crore and an additional Rs 1,500 crore via a green shoe option. ASK PIA is looking to the raise funds via a mix of offshore and domestic investors. ASK Property Investment Advisors stated, “The fund is in line with ASK’s focus on the affordable & mid segment residential and mix land use projects. The fund will focus on job growth corridors across the top 6 cities of India (MMR, Delhi-NCR, Bangalore, Chennai, Pune, and Hyderabad). It will also identify projects of reputed developers and provide funding to ensure financial closure for seamless execution and timely completion.”
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