ASK Group has invested Rs. 365 crore in Rajesh Lifespaces' Vikhroli project

Q: This is Ask Groups' largest ever investment till date and has committed the amount from two of its domestic funds.

Neeraj Rao,

16th December 2015

Real estate News in Mumbai

real estate investment

rajesh lifespaces

ask group

vikhroli suburb project

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Through its Real Estate Business Ask Group, manages funds under management of Rs 3300 crore and has committed Rs 2000 crore in 19 projects.

Ketalpujara, Mumbai

16th December 2015

Comment

As per the latest report, this will be the 2nd project where the financial services group has partnered with Rajesh Lifespaces through the real estate private equity transaction. This residential project spread over 10.5 acre is located on the LBS Marg and has revenue potential of over Rs 3000 crore.

bablu pathak,

16th December 2015

Comment

The proposed residential project that will focus on middle and upper middle income households is expected to be completed in phases by 2020.

Project location is excellent and has proximity to job market, metro, rail, airport and highway connectivity. The project is equi-distant from BKC, Andheri and Powai, the major job corridors,

Rishi Dev,

16th December 2015

Right Rishi,
Their plan is to invest in top 5 cities and in mid-segment residential housing projects. The fund has invested around Rs 700 crore through four transactions during 2015 and planning to invest Rs.1000 crore more in 2016 as real estate continues to offer good opportunities.

bablu pathak,

16th December 2015

Earlier in 2015, ASK Group has invested Rs.125 crore with ATS Group in Noida project and Rs 112 crore in Purvankara's Benguluru project. The group has also exited from three investments while garnering good returns.

Rishi Dev,

16th December 2015

Yes, this is their largest ever investment and they will continue with this similar judgement and risk management framework while selecting investment for their other funds to provide superior risk adjusted returns to their investors.

Rishi Dev,

16th December 2015

Comment