Bengaluru: ASK Property Investment Advisors (ASK PIA), the real estate private equity arm of ASK Group, said it has invested ₹215 crore in Mahagun Group’s upcoming mid-income housing project in Noida. The project is in line with ASK PIA’s strategy of providing funds for mid-income housing executed by reputed developers along job growth corridors," said Amit Bhagat, CEO and MD, ASK PIA. ASK PIA in July said it had launched a new real estate-focused fund called “ASK Real Estate Special Opportunities Fund – IV", with a targeted corpus of ₹1,000 crore and an additional Rs. Mid-income housing has seen a substantial recovery and prices have bottomed out in last six months. ASK Real Estate Fund-2, sponsored by ASKPIA, also received approval for the first real estate focused fund of funds as an alternative investment fund (AIF), category III.

Source: Mint November 11, 2021 12:18 UTC