ASK Property Investment Advisors is a venture of the ASK group set up to manage and advise real estate dedicated fundsNew Delhi: Financial services firm ASK group will invest over Rs1,000 crore as private equity in housing projects this fiscal despite demand slowdown and uncertainty in the market after the new realty law came into effect. “We are planning to invest more than Rs1,000 crore as equity investment in the mid-segment and affordable housing segment in 2017-18,” ASK Property Investment Advisors Managing Director Amit Bhagat told PTI. ASK Property Investment Advisors is a venture of the ASK group set up to manage and advise real estate dedicated funds. On fund raising, he said the company has raised Rs535 crore so far under its seventh fund and will reach Rs1,000 crore by March 2018. ASK group has four key businesses -- wealth advisory and multifamily office service – ASK Wealth Advisors, portfolio management services – ASK Investment Managers, real estate private equity – ASK Property Investment Advisors and private equity management – ASK Pravi Capital Advisors.

Source: Mint August 27, 2017 05:03 UTC