ASK Group launched its third investment with the ATS Group
After the budget the market sentiment has improved and many players are interested in investing in real estate. ASK Group, a diversified financial services group, has made the maiden investment of Rs 127 crore from its offshore fund in ATS Group’s project in Noida. The project is located at Sector 150, Noida across 20 acres and is valued at Rs 1,000 crore. It has a total saleable area of 1.7 million square feet.
The good news is that the company does not only want to look at the luxury apartment sector and this project is focused on mid-income households. It is expected to be completed within 3-4 years. Sunil Rohokale the CEO and MD of ASK Group expressed his happiness over the deal and mentioned that ASK’s constant endeavour is to partner with prudent and reputed developers which have a good track record.
The offshore fund is being managed by ASK Capital Management Pvt. Ltd, the Singapore-based subsidiary of ASK Group. This is ASK Group’s third investment with the ATS Group. Rohokale also mentioned that the ASK Group is strengthening its partnership with the ATS Group with the third investment and is confident about deriving great value for the investors.
ASK Group’s strategy is to invest in the top five cities and in mid segment residential housing projects and this project fits the bill perfectly.
Source- The Hindu Business Line
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