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ASK Property will invest Rs 100 crore in Godrej’s project

The real estate-focused private equity (PE) firm ASK Property Investment Advisors Pvt. Ltd has planned to invest Rs 100 crore in the redevelopment project in Mumbai By the Godrej Properties.

The ASK group has taken 49% stake of the project.

the redevelopment projects are considered as a difficult way of construction.

The other PE transaction made for redevelopment project was among Omkar Realtors and Developers Pvt. Ltd and Indiareit Fund Advisors Pvt. Ltd and Red Fort Capital Advisors Pvt. Ltd.

The redevelopment project will generate about 600,000 sq.ft. of saleable area. Two and three bedroom apartments in Mumbai will be available after the completion of the redevelopment project.

More related stories:

Foreshore Estate redevelopment into residential colony

TNHB buildings paused from redevelopment

Luxury apartments by Sunteck Realty in Mumbai

Luxurious apartments in mumbai

Source : LiveMint

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