ASK Property Investment Advisors raises ₹610 crore
Its sixth real estate fund aims to raise ₹ 2,000 crore
ASK Property Investment Advisers (ASK) has announced the closure of its sixth real estate fund at ₹ 610 crore. It intends to raise ₹ 2,000 crore through this fund.
The fund will invest in Mumbai, Pune, Noida, Gurgaon, Bengaluru and Chennai based residential property markets.
Amit Bhagat, CEO (CEO) and Managing Director (MD), ASK Property Investment, said that domestic and foreign investors are responsible for 50 percent of the fund raised. The company has completed a number of investments and is poised for accelerated delivery in the face of a very healthy pipeline and a structurally resilient residential segment, he said.
In recent years, private equity investments in high yield commercial, industrial, residential and data centers have increased significantly. The increase is largely due to the influx of foreign capital into India.
Sunil Rohokale, MD and CEO of ASK Group, said, “We believe the housing market is already on a growth trajectory in 2022 and is likely to continue the same trend in the coming years.” -22 It has an annual growth of more than recorded. 70 percent in sales value. Average prices have risen above 10 per cent and this is likely to continue in the face of rising purchasing power in this area, he said.
According to ASK research, end-user demand coupled with declining inventories and job creation and revenue growth in the service industry, information technology, financial services and related sectors are the drivers for sustained demand in the housing sector.