With the closing of its sixth fund, Real Estate Special Opportunities Fund IV, the real estate private equity division of the ASK Group raised more than $15,000,000,000, including investor co-investments.

The fund will largely invest in mid-income and cheap residential development projects, with a concentration on the real estate markets in the top five cities in the nation.

The established residential markets of Mumbai, Pune, the National Capital Region, Bengaluru, and Chennai are where the private equity group hopes to use the capital.

Based on the current pipeline and conversations, ASK Property Fund aims to deploy the whole Real Estate Special Opportunities Fund IV in the current fiscal year. The fund has an ambitious deployment plan.