ASK Investment Advisors Invests INR 215 CR In Mahagun Group’s Project

ASK Property Investment Advisors has invested INR 215 cr in Mahagun Group’s mid-income housing project in Noida, NCR. The project will be constructed on a fully paid 10 acres parcel of land, with a saleable area of over 2 million sq. ft. comprising low-rise and high-rise apartments. It is strategically located in Noida’s Sector 107 with well-established social and commercial infrastructure. The project is in close proximity to the Aqua Line metro, Noida Expressway and several large IT/Office parks including the Noida and Samsung SEZs. Amit Bhagat, CEO & MD, ASK PIA said “This is our seventh investment in Noida and eleventh in NCR. With this investment the ASK group has now invested in projects over 21 million sq.ft. including over 8,000 residential units in Noida. The project is in line with ASK PIA’s strategy of providing funds for mid-income housing executed by reputed developers along job growth corridors. We are delighted to partner with Mahagun who has a long-standing track record of customer and product centricity coupled with strong in-house execution abilities.” Amit Jain, Director, Mahagun Group further added “We are delighted to partner with the ASK group for our upcoming project in Sector 107. The project is located adjacent to the premium residential Sector 47 and Sector 104 of Noida. The project will provide residents with state-of-the-art amenities and the finest of comforts. This is one of the few projects where land is fully paid for before commencement of sales. We are optimistic on the outlook for the sector in the coming years and anticipate a sustained recovery in residential demand. We have decided to partner with ASK because of their wealth of experience and deep understanding of the Noida market”.