Private Equity

PE-RE Fund Investments

ASK fund to invest Rs.63-Cr in Priority Group’s villa project in North Goa

Economic Times  

ASK Group, via ASK Curated Luxury Asset Fund I, is to invest INR 63-Cr in Priority Group’s ultra-luxury villa project located in Arpora, North Goa.The project, Ananda Nilaya, has 28 units spread across 5.12 acres. The project is situated near Baga Beach and has a revenue potential of Rs.360-Cr. The developer intends to incorporate an 18,000-sq ft clubhouse and will evaluate strategic partnerships with hospitality brands for villa management and leasing services to provide a return on investment for homeowners.Founded by Parind Nachinolcar and Swapneel Nachinolcar, Priority Group has delivered about 3 lakh square feet across 16 projects since entering Goa in 2007.ASK Curated Luxury Asset Fund I is an investment platform co-sponsored by India Sotheby’s International Realty and ASK Property Fund.