ASK invests Rs 200 cr in budget housing projects in Pune
Real Estate

ASK invests Rs 200 cr in budget housing projects in Pune

A venture of the ASK Group, ASK Property Investment Advisors (ASK PIA) has invested Rs 200 cr in the housing projects of real estate Kalpataru Group in Baner, Pune.

Being ASK’s first investment in Kalpataru Group, a part of the fund will replace the present lender and the rest will be utilised as its working capital. The mid-class residential project extending to 16 acre is under progress and consists of one to three BHK homes in a land of market-worth 1.9 million sq ft of over 1,200 units.

Baner being a residential-industrial region has developed as an IT employment hub that comprises -- IT parks of about 13 million sq ft, office complexes including RMZ Icon and Panchshil Business Park.

MD and CEO of ASK Group Sunil Rohokale has cited that the last couple of years have witnessed a consolidation of demand for homes to reputed, execution-focused and large-scale developers.

He also mentioned that there has been a substantial recovery in affordable and mid-income housing and prices that bottomed out last year led to this sustainable demand. He further added that the decade-low home loan rates, concessions in stamp duty and flexibility have increased the affordability for house purchase. This could boost up the work of near to complete projects that are affordable and have financial closure, says Rohokale.

As part of recovery from the previous year lockdown, ASK PIA invested Rs 125 cr in Gulshan Homz’s Noida project in October.

Image Source


Also read: Affordable housing keeps real estate sector afloat: PropTiger

A venture of the ASK Group, ASK Property Investment Advisors (ASK PIA) has invested Rs 200 cr in the housing projects of real estate Kalpataru Group in Baner, Pune. Being ASK’s first investment in Kalpataru Group, a part of the fund will replace the present lender and the rest will be utilised as its working capital. The mid-class residential project extending to 16 acre is under progress and consists of one to three BHK homes in a land of market-worth 1.9 million sq ft of over 1,200 units. Baner being a residential-industrial region has developed as an IT employment hub that comprises -- IT parks of about 13 million sq ft, office complexes including RMZ Icon and Panchshil Business Park. MD and CEO of ASK Group Sunil Rohokale has cited that the last couple of years have witnessed a consolidation of demand for homes to reputed, execution-focused and large-scale developers. He also mentioned that there has been a substantial recovery in affordable and mid-income housing and prices that bottomed out last year led to this sustainable demand. He further added that the decade-low home loan rates, concessions in stamp duty and flexibility have increased the affordability for house purchase. This could boost up the work of near to complete projects that are affordable and have financial closure, says Rohokale. As part of recovery from the previous year lockdown, ASK PIA invested Rs 125 cr in Gulshan Homz’s Noida project in October. Image SourceAlso read: Affordable housing keeps real estate sector afloat: PropTiger

Next Story
Real Estate

Varun Malik Joins ANAROCK as MD, Head of Capital Markets, APAC

ANAROCK Capital has appointed Varun Malik as Managing Director, Head of Capital Markets (APAC), marking a strategic move to expand its presence across Asia-Pacific. Based in Singapore, Malik will drive ANAROCK’s capital markets initiatives in the region.A real estate finance veteran, Malik brings over 18 years of experience in structuring complex cross-border transactions across South-East Asia and Australia. He has led debt and equity deals for REITs, fund managers, and developers, delivering strong returns and driving investor value.“We will redefine real estate capital solutions across ..

Next Story
Real Estate

Patra Chawl lottery held, 663 families allotted homes

Mumbai's Siddharth Nagar (Patra Chawl) Co-operative Housing Society members in Goregaon (West) saw their 15-year wait come to a close as MHADA conducted a successful computerised lottery for 663 eligible members under its redevelopment scheme.The Mumbai Housing and Area Development Board conducted the draw using the RAT (Randomised Allotment of Tenement) system at Sardar Vallabhbhai Patel Hall. The lottery, overseen by Mr. Milind Borikar, Chief Officer of Mumbai Board, ensured transparency by digitally allotting each member a building, wing, and floor.The project, located on Plot R-9, received..

Next Story
Infrastructure Transport

BLR Airport crosses 41 million passengers, 500,000 MT cargo

Kempegowda International Airport, Bengaluru (BLR Airport), has recorded key operational milestones in FY 2024-25, crossing 41.88 million passengers and handling 502,480 metric tonnes of cargo. This marks a year-on-year passenger growth of 11.6 per cent and a 14 per cent rise in cargo volumes.Domestic footfall reached 36.05 million, up 10 per cent, while international traffic saw a robust 25 per cent jump to 5.83 million, aided by Indigo’s global expansion and added frequencies by international carriers. BLR Airport now connects to 76 domestic and 33 international destinations, with Hanoi set..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?