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 13^th 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.”