Bengaluru: ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, has invested ₹200 crore in real estate Kalpataru Group’s mid-income housing project in Baner, Pune. This is an ongoing mid-segment residential project on 16 acres with a saleable area of 1.9 million sq. Baner has grown as an IT employment hub with about 13 million sq ft of IT parks and office complexes, including RMZ Icon and Panchshil Business Park. The project is in line with our strategy of providing funds to mid-income housing projects for mid/last mile execution and completion," said Amit Bhagat, CEO and MD, ASK PIA. Affordable and mid-income housing have seen a substantial recovery and prices have bottomed out in the last one year which has also led to sustainable demand.

Source: Mint May 12, 2021 03:08 UTC